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Listed by Ken Switzer • Berkshire Hathaway Home Services California Properties
$ 995,000
Est. payment | /mo
6,969 SqFt
$ 995,000
Est. payment | /mo
6,969 SqFt
Key Details
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
Square Footage 6,969 sqft
Price per Sqft $142
MLS Listing ID CRV1-28117
HOA Y/N No
Originating Board Datashare California Regional
Lot Size 6,969 Sqft
Property Sub-Type Unimproved Land
Property Description
526 San Pascual Street is a rare vacant land multi-family development opportunity in a close-in location in the City of Santa Barbara. Take advantage of the proximity to the waterfront and beaches, to lower downtown and to Santa Barbara City College, to develop hard-to-find new-construction rental units in a very high tenant demand location. The zoning is R-M (formerly R-3), and is also in a City Average Unit Density (AUD) zone. State Housing Density (SDBL) and Accessory Dwelling Unit (ADU) laws could allow additional units to be built, resulting in a potential maximum development of 9 units - 8 market-rate units plus 1 income restricted unit - with a maximum total building space of approx. 8,000 square feet, Buyer to verify both figures. See unbranded Offering Memorandum in Documents.
Location
State CA
County Santa Barbara
Interior
Fireplace No
Exterior
View None
Building
Water Public
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