REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 5,650,000
Est. payment | /mo
0.47 Acres Lot
$ 5,650,000
Est. payment | /mo
0.47 Acres Lot
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
MLS Listing ID 26-2739
Year Built 1957
Lot Size 0.470 Acres
Acres 0.47
Lot Dimensions 20473.0
Source Santa Barbara Multiple Listing Service
Property Description
2 PARCEL DEVELOPMENT & INCOME OPPORTUNITY! 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
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
Location
State CA
County Santa Barbara
Others
Tax ID 071-101-002
Acceptable Financing OTHER/CLA
Listing Terms OTHER/CLA
Listed by Radius Group Commercial R.E.
Schools and Properties Nearby
Find out why customers are choosing LPT Realty to meet their real estate needs
Learn More About LPT Realty