Listing provided courtesy of Ken Switzer of Berkshire Hathaway Home Services California Properties. Last updated 2025-02-14 10:18:26.000000. Listing information © 2024 SANDICOR.
Asking Price: $995,000
526 san pascual, Santa Barbara CA 93101
Community:
This Lots/Land property was built in and is priced at $995,000. Please see the additional details below.
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.
