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Listed by Ken Switzer • Berkshire Hathaway Home Services California Properties
$995,000
Est. payment /mo
6,970 Sqft Lot
UPDATED:
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID V1-28117
Lot Size 6,970 Sqft
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
Area Vc81 - Santa Barbara
Zoning R-M
Exterior
Community Features Curbs, Sidewalks
View Y/N No
View None
Building
Lot Description Sprinklers None, 6-10 Units/Acre
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Naghmeh Keyvani
Broker Associate | License ID: DRE# 02091823
Broker Associate License ID: DRE# 02091823