#V1-27652, Samuel Dunbar, Listing Office: The Dunbar Group
Property details
About This Home
Now available for sale for the 1st time in 50 years, is a rare under-developed parcel in an A++ location, adjacent to the Cottage Hospital medical buildings, Sansum Clinic, etc. Current use is 3 apartment units in front at the street, the back portion 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 parcel or re-build from scratch. A non-developer may also value this opportunity as a multi-family investment + land-bank with upside appreciation, or by entitling and selling the entitled project for profit. Valuable 2nd access is available via a rear public alley. Offering Memorandum in Documents (unbranded) incl. financial pro-forma and SEPPS land-use report showing up to 11 large units
Highlights
Summary
- View: Mountain(s)
- List Price: $2,395,000
- Lot: Level, Near Public Transit
- Lot Size: 0.21 Acres
- MLS Number: 25-1837
- MLS Name: Santa Barbara Multiple Listing Service
- Office Name: Berkshire Hathaway HomeServices California Properties
- Office Phone: (805) 969-5026
- Office Email: dstalter@bhhscal.com
- Listing Agent: Ken Switzer, Scott Williams
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Last updated on: 5/21/2025, 4:20:34 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$2,395,000
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Price information
Property sales
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Tax history
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Nearby schools
5
Glen City Elementary School
Public District KG-5
0.3 mi
•141 S Steckel Dr
4
Blanchard Elementary School
Public District KG-5
0.5 mi
•115 N Peck Rd
5
McKevett Elementary School
Public District KG-5
1.3 mi
•955 E Pleasant St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $115,441. The most common annual income of people living in Santa Barbara, CA is between $100k-200k. Residents typically live in married, no kids family. Residents of this area typically have high school diploma education.
Similar homes for sale
Features: 0 bathroom. It has been listed on Rocket Homes since May 9, 2025 and is currently priced at $2,395,000.
In April 2025, from all listings sold in Santa Barbara, CA there were more than 2 sold above asking price, over 4 sold below and more than 1 were sold right at the asked price. The number of homes for sale in Santa Barbara, CA did not change between March and April 2025. While the average time on the market in April 2025 was 22 days, the median list price was $728,500.