san pascual Street
Santa Barbara, California

MLS#: 373937637

$995,000 USD

  • Minimum sellable space
    647m²  (6,969.6ft²)
The details

Property features

Area

  • Land/Lot size: 647m²  (6,969.6ft²)

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

Santa Barbara, California
Courtesy of Ken Switzer Berkshire Hathaway Home Services California Properties