8
See all 8 photos
$995,000
Est. payment /mo
6,969 Sqft Lot
Active
526 san pascual ST Santa Barbara, CA 93101
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UPDATED:
02/13/2025 10:59 PM
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID V1-28117
HOA Y/N No
Lot Size 6,969 Sqft
Property 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
State CA
County Santa Barbara
Area Vc81 - Santa Barbara
Zoning R-M
Interior
Fireplace No
Exterior
Fence Chain Link
Community Features Curbs, Sidewalks
View Y/N No
View None
Building
Lot Description 6-10 Units/Acre, Sprinklers None
Water Public
Others
Senior Community No
Tax ID 037143018
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Special Listing Condition Standard
Listed by Ken Switzer • Berkshire Hathaway Home Services California Properties