Commercial Real Estate in Santa Barbara available for sale
Santa Barbara Investment Properties For Sale

Investment Properties for Sale in Santa Barbara, CA, USA

More details for 6670 Sueno Rd, Goleta, CA - Multifamily for Sale

6670 Sueno Rd

Goleta, CA 93117

  • Investment Property
  • Multifamily for Sale
  • $3,691,126 CAD
  • 2,704 SF
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More details for 6730 Sabado Tarde Rd, Goleta, CA - Multifamily for Sale

6730 Sabado Tarde Rd

Goleta, CA 93117

  • Investment Property
  • Multifamily for Sale
  • $2,704,999 CAD
  • 2,173 SF
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More details for 1416-1418 Bath St, Santa Barbara, CA - Multifamily for Sale

1416-1418 Bath St

Santa Barbara, CA 93101

  • Investment Property
  • Multifamily for Sale
  • $6,779,619 CAD
  • 7,300 SF
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More details for 5295 Shoreline Dr, Santa Barbara, CA - Land for Sale

Shoreline Subdivision - 5295 Shoreline Dr

Santa Barbara, CA 93111

  • Investment Property
  • Land for Sale
  • $27,392,399 CAD
  • 32.27 AC Lot
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More details for 233 W Quinto St, Santa Barbara, CA - Land for Sale

233 W Quinto St

Santa Barbara, CA 93105

  • Investment Property
  • Land for Sale
  • $2,732,392 CAD
  • 0.21 AC Lot

Santa Barbara Land for Sale - N Santa Barbara/Goleta

Now available for sale for the 1st time in over 50 years, is a rare under-developed parcel adjacent to the Cottage Hospital medical buildings in the heart of the Santa Barbara Medical District. Currently consisting of 3 apartment units at the front of the property facing West Quinto Street, the back half of the lot was never built on. Recent and ever-increasing housing density rules now offer a developer/investor an incredible opportunity to build-out the remainder of the parcel or re-build from scratch, as suggested plausibly in the cover rendering. Or a non-developer may also value this opportunity, but instead as a multi-family investment plus a profitable land-bank with upside appreciation, or by entitling and selling the entitled project for profit. SELLER-FINANCING NOW POSSIBLE FOR QUALIFIED BUYERS, contact agent for possible terms. The location for apartments is unbeatable in its immediate proximity to Santa Barbara’s largest private employer Cottage Health Systems, as well as Sansum Clinic, the Ridley-Tree Cancer Center, and numerous other medical and professional offices. The property is also within a couple of blocks of the Upper De La Vina commercial corridor with several restaurants, markets and all services. The rear of the property is accessed by a public alley, providing valuable double-access. An included land-use report from Suzanne Elledge Planning and Permitting Services (SEPPS) discusses the potential total number of apartment units which might be built, along with guidance on square footage rules. Using a combination of the City of Santa Barbara Average Unit Density (AUD) rules, the State of California Density Bonus (SDBL) rules, and state Accessory Dwelling Unit (ADU) rules for multi-family properties, the report projects the potential for up to 11 apartment units on the property. A prospective buyer should also review the underlying development standards and details of the various housing legislation referenced in the report, available through links in the Offering Memorandum. Buyers and their consultants are advised to conduct their own research as to the development possibilities on the property; the listing agents and sellers make no representations or guarantees as to what can be developed.

Contact:

Berkshire Hathaway Commercial Division

Property Subtype:

Residential

Date on Market:

2025-07-07

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More details for 1621 Grand Ave, Santa Barbara, CA - Health Care for Sale

Villa Riviera - 1621 Grand Ave

Santa Barbara, CA 93103

  • Investment Property
  • Health Care for Sale
  • $8,560,125 CAD
  • 16,778 SF
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More details for 1107 E Cota St, Santa Barbara, CA - Multifamily for Sale

1107 E Cota St

Santa Barbara, CA 93103

  • Investment Property
  • Multifamily for Sale
  • $4,451,265 CAD
  • 4,394 SF
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More details for 5295-3 Shoreline Dr, Santa Barbara, CA - Land for Sale

Shoreline Subdivision, Lot 3 of 3 - 5295-3 Shoreline Dr

Santa Barbara, CA 93101

  • Investment Property
  • Land for Sale
  • $5,478,480 CAD
  • 12.27 AC Lot
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