Address not provided Santa Barbara, CA 93105

Now available for sale for the 1st time in 50 years, is a rare under-developed parcel in an A++ location, adjacent to the Cottage Hospital medical buildings, Sansum Clinic, etc. Current use is 3 apartment units in front at the street, the back portion of the lot was never built on. Recent and ever-i...ncreasing housing density rules now offer a developer/investor an incredible opportunity to build-out the parcel or re-build from scratch. A non-developer may also value as an investment + land-bank with appreciation, or by entitling and selling the entitled project for profit. Valuable 2nd access is available via a rear public alley. Offering Memorandum in Documents (unbranded) incl. financial pro-forma and SEPPS land-use report showing up to 11 large units. Seller-financing now considered! Continue reading