$995,000
For Sale

526 san pascual Street

Santa Barbara, CA 93101
Listing OfficeBerkshire Hathaway Home Services California Properties
Browse 8 photos
Type:Purchase
Structure:Land
Zone:Residential

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.

  • Property Details
      • Lot DescriptionSixToTenUnitsAcre, SprinklersNone
      • SubdivisionNot Applicable
      • CountySanta Barbara
      • Property TypePurchase
      • Original List Price$995,000
      • MLS #V1-28117
      • MLS #V1-28117
      • Utility SourcePublic
      • Cost995000
      • Acres0.16
      • Property SubtypeLand

Location

Jocelyn BackesReal Estate Group
OR

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