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1317 Punta Gorda St

Santa Barbara, CA 93103
  • $3,950,000
  • STATUS: Active
  • ON SITE: 40 Days
  • MLS #: 21-3857
$3,950,000
  • 0
    BEDS
  • 0.55
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Information

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

Description

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 developments. Newly 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.

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© 2021 Santa Barbara Multiple Listing Service. All rights reserved. Based on information from the Santa Barbara MLS as of 2021-11-27T23:46:51.413. 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 2021-11-27T23:46:51.413.
www.theepsteinpartners.com/homes/122550396
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1317 Punta Gorda St Santa Barbara, CA 93103

  • Price: $3,950,000
  • Status: Active
  • On Site: 40 Days
  • MLS #: 21-3857
0
Beds
0
Baths
0
½ Baths
0.55
Acres
Neighborhood:
SB/East of State
County:
Santa Barbara
Area:
SB/East of State
Elementary School:
Cleveland
Middle School:
S.B. Jr.
High School:
S.B. Sr.
Property Description
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 developments. Newly 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.
Exterior Features

Parking Information Mixed

Interior Features

Unit1 Baths 2.00 Unit1 Bedrooms 2.00 Unit1 Half Baths 1.00

Property Features

Cross Street S Salinas Street Deposit 3.00 Terms CashCtnl Unit1 Furnished No Unit1 Monthly Total 47600.00 Unit1 Rent 47600.00 Unit1 Units 14.00 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 2021-11-27T23:46:51.413. 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 2021-11-27T23:46:51.413.
 
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Keller Williams
1503 Chapala Street
Santa Barbara CA, 93101
Listing provided courtesy of Radius Group Commercial R.E..