Vested one-of-a-kind oceanfront development opportunity under $1M in Isla Vista student community, offering possible substantial density beyond standard zoning under SB330, eligibility pre-approval is for 15 units. Zoning flexibility using SB330 may also allow construction within the front setback, to improve dramatically the lifetime of the property by increasing distance to the blufftop. Project entitlement is protected with streamlined approval process and limited review discretion. Call for details about status, timeline, and flexibility for Buyer to design the layout and unit mix. The SB330 window is now closed making this opportunity unique in our area. Project general design required to be submitted by July 23rd. Seller financing considered at 50% loan-to-value for up to 2 years.
24-1357
Multi-Family, Other
Santa Barbara
0.32
Acres
Other
School Information
Isla Vista
Gol Valley
Dos Pueblos
Exterior / Lot Features
- Lot View
- Ocean, Panoramic
- Zoning
- Other
- Additional Exterior/Lot Features
- Waterfront, Near Public Transit.
Financial Considerations
075-193-032
Cash
Arrows indicate 90 day trend
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