Skip To Content

    1317 Punta Gorda St

    Santa Barbara, CA 93103
    • $3,995,000
    • STATUS: Active
    • ON SITE: 43 days
    • MLS #: 21-2903
    UPDATED: 32 min ago
    $3,995,000
    • 0
      BEDS
    • 0.55
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Vacant Land / Lots
    County:

    School Information

    Elementary School:
    Middle School:
    High School:
    Listing provided courtesy of Radius Group Commercial R.E..

    Description

    The property located at 1317 Punta Gorda St. is an excellent and rare ''Shovel-Ready'' development opportunity located in an up-and-coming neighborhood within Santa Barbara. All entitlements and soft costs have been completed and paid for by current ownership and will be delivered at COE. The parcel of land, a +/-.55 acre lot, is situated within the average unit density program (AUD), medium-high density overlay, granting a development potential of 15-27 units per acre. Recently, the City of Santa Barbara has discussed that it wants to discontinue the AUD program within the neighboring area, making this approved project potentially insulated from competing developmentsNewly constructed buildings are not subject to AB1482 rent restrictions. Time to completion of the project is expected to be 18 months. The project, designed by local architect Tom Ochsner, consists of (7) 2-story, 2-unit buildings, totaling 14 units. The units are 2-story townhomes with 2.5 baths. Freestanding buildings like this can be more attractive to tenants and command above-average rents.

    Monthly Payment Calculator



    © 2021 Santa Barbara Multiple Listing Service. All rights reserved. Based on information from the Santa Barbara MLS as of 2021-09-16T11:46:52.21. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Data last updated 2021-09-16T11:46:52.21.
    www.theepsteinpartners.com/homes/120002699
    Print Image

    1317 Punta Gorda St Santa Barbara, CA 93103

    • Price: $3,995,000
    • Status: Active
    • Updated: 32 min ago
    • MLS #: 21-2903
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.55
    Acres
    Neighborhood:
    15 - Lower Eastside
    County:
    Santa Barbara
    Area:
    SB/East of State
    Elementary School:
    Cleveland
    Middle School:
    S.B. Jr.
    High School:
    S.B. Sr.
    Property Description
    The property located at 1317 Punta Gorda St. is an excellent and rare ''Shovel-Ready'' development opportunity located in an up-and-coming neighborhood within Santa Barbara. All entitlements and soft costs have been completed and paid for by current ownership and will be delivered at COE. The parcel of land, a +/-.55 acre lot, is situated within the average unit density program (AUD), medium-high density overlay, granting a development potential of 15-27 units per acre. Recently, the City of Santa Barbara has discussed that it wants to discontinue the AUD program within the neighboring area, making this approved project potentially insulated from competing developmentsNewly constructed buildings are not subject to AB1482 rent restrictions. Time to completion of the project is expected to be 18 months. The project, designed by local architect Tom Ochsner, consists of (7) 2-story, 2-unit buildings, totaling 14 units. The units are 2-story townhomes with 2.5 baths. Freestanding buildings like this can be more attractive to tenants and command above-average rents.
    Property Features

    Cross Street South Salinas Street Deposit 3.00 Location Topography Level Proximity Near BusNear HospitalNear Park(S)Near School(S)Near Shopping Site Improvements PavedPublic Terms CashCtelCtnl Type Res Multi-Unit Zoning R-3

    Listing information © 2021 Santa Barbara MLS
    Listing provided courtesy of Radius Group Commercial R.E..



    © 2021 Santa Barbara Multiple Listing Service. All rights reserved. Based on information from the Santa Barbara MLS as of 2021-09-16T11:46:52.21. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Data last updated 2021-09-16T11:46:52.21.
     
    https://bt-photos.global.ssl.fastly.net/santabarbara/1280_boomver_1_21-2903-2.jpg https://bt-photos.global.ssl.fastly.net/santabarbara/1280_boomver_1_21-2903-2.jpg https://bt-photos.global.ssl.fastly.net/santabarbara/1280_boomver_1_21-2903-2.jpg
    Logo
    Keller Williams
    1503 Chapala Street
    Santa Barbara CA, 93101
    Listing provided courtesy of Radius Group Commercial R.E..