Log In/Sign Up
Your email has been sent.
Development + Income Opportunity 2 Properties Offered at $7,801,915 CAD in Multiple Locations
Investment Highlights
- Located directly across the street from Goleta Valley Cottage Hospital.
- 5400 Hollister Avenue unit mix: (1) 6BD/4BA; (1) 1BD/BA; (1) Detached Studio.
- Ample residential parking + 6 commercial spaces.
- Just a 5-minute drive from University of California, Santa Barbara.
- 5392-5396 Hollister Avenue unit mix: (1) Commercial; (4) 2BD/1BA; (2) 1BD/1BA.
- 5400 Hollister Avenue zoning: RM (Medium Density Residential Zone), DU/Acre: 13–20 | 5392-5396 Hollister Avenue zoning: CC (Community Commercial).
Executive Summary
This is a truly exceptional opportunity for potential redevelopment, ideally located directly across the street from Goleta Cottage Hospital. The portfolio comprises two value-add properties and offers 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 with income-producing structures consisting of a single-family residence and two additional units. The expansive lot size and favorable zoning present significant potential for redevelopment, expansion, or reconfiguration to maximize value.
5392–5396 Hollister Avenue is a mixed-use asset situated on a 21,344 SF lot, comprised of six residential cottages and one commercial unit. Most of the cottages have been extensively renovated, offering modern finishes and strong in-place income with additional upside potential. The commercial unit is occupied by a well-established tenant with a lease in place through 2029, providing stable and predictable income.
5400 Hollister Avenue features a rare oversized lot of approximately 20,473 SF, currently improved with income-producing structures consisting of a single-family residence and two additional units. The expansive lot size and favorable zoning present significant potential for redevelopment, expansion, or reconfiguration to maximize value.
5392–5396 Hollister Avenue is a mixed-use asset situated on a 21,344 SF lot, comprised of six residential cottages and one commercial unit. Most of the cottages have been extensively renovated, offering modern finishes and strong in-place income with additional upside potential. The commercial unit is occupied by a well-established tenant with a lease in place through 2029, providing stable and predictable income.
Property Facts
| Price | $7,801,915 CAD | Number of Properties | 2 |
| Price / SF | $866.88 CAD / SF | Individually For Sale | 0 |
| Sale Type | Investment or Owner User | Total Building Size | 9,000 SF |
| Status | Active | Total Land Area | 1.44 AC |
| Price | $7,801,915 CAD |
| Price / SF | $866.88 CAD / SF |
| Sale Type | Investment or Owner User |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 9,000 SF |
| Total Land Area | 1.44 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 5400 Hollister Ave, Goleta, CA 93111 | Multifamily | 2,250 SF | 1957 | - |
| 5392 Hollister Ave, Santa Barbara, CA 93111 | Retail | 6,750 SF | 1957 | - |
1 of 28
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Development + Income Opportunity
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.