This is a truly exceptional opportunity for potential redevelopment, ideally located directly across thestreet from Goleta Cottage Hospital. This offering allows for multiple paths to achieve the highest and best use, whether through repositioning, redevelopment, or long-term hold.5400 Hollister Avenue features a rare oversized lot of approximately 20,473 SF, currently improved withincome-producing structures consisting of a single-family residence and two additional units -- buyer to verify permit status. The single-family home is currently operated as student housing, allowing for reliable turnover and repositioning for any intended use. The expansive lot size and favorable zoning present significant potential for redevelopment, expansion, or re-configuration to maximize value
Property Sub Type:
Res Income 2-4 Units
Number of Buildings:
3
County Or Parish:
Santa Barbara
Total Building Area:
0 sq. ft.0 m2
Total Floor Area:
0 sq. ft.0 m2
Total Bedrooms:
7
Bathrooms:
6
Half Bathrooms:
0
Year Built:
0
Age (in years):
2,026 year(s)2,026 year(s)
Home Owner Fees:
$0
Terms:
Cash, Conventional
Cap Rate.:
5.95
Gross scheduled income:
174615.0
Operating expense:
67578.0
Unit Number for Unit 1:
1
Unit Number for Unit 2:
2
Unit Number for Unit 3:
3
Turn off Patterson, take driveway to the left of Crushcakes if facing the building