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
Price:
$995,000
MLS #:
V1-28117
Status:
Active
Baths:
0
Address:
526 san pascual Street 037143018
Type:
Land
Neighborhood:
vc81santabarbara
City:
Santa Barbara
Listed Date:
Jan 6, 2025
State:
CA
ZIP:
93101
Lot Size:
6,969 sqft / 0.16 acres (approx)
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Schools
Interior
Exterior
Community Features
Curbs, Sidewalks
Fencing
Chain Link
Lot Features
6-10 Units/ Acre, Sprinklers None
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None
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Association Fee
0.00
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Community
- Address526 san pascual Street 037143018 Santa Barbara CA
- AreaVC81 – Santa Barbara
- CitySanta Barbara
- CountySanta Barbara
- Zip Code93101
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526 san pascual Street 037143018
Santa Barbara, CA
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