526 San Pascual Street, SANTA BARBARA CA, 93101

Active

526 San Pascual Street

SANTA BARBARA CA, 93101

$995,000

$142.78 per sqft

Active

0.16 Acres

Land

Courtesy of Ken Switzer, Berkshire Hathaway HomeServices California Properties

526 San Pascual Street is a rare vacant land multi-family development opportunity in a close-in location in the City of Santa Barbara. Take advantage of the proximity to the waterfront and beaches, to lower downtown and to Santa Barbara City College, to develop hard-to-find new-construction rental units in a very high tenant demand location. The zoning is R-M (formerly R-3), and is also in a City Average Unit Density (AUD) zone. State Housing Density (SDBL) and Accessory Dwelling Unit (ADU) laws could allow additional units to be built, resulting in a potential maximum development of 9 units - 8 market-rate units plus 1 income restricted unit - with a maximum total building space of approx. 8,000 square feet, Buyer to verify both figures. See unbranded Offering Memorandum in Documents.

25-252

MLSⓇ ID

January 17, 2025

Listed

January 20, 2025

Updated

Map

526 San Pascual Street
SANTA BARBARA CA, 93101

Exterior/Building Features

Lot Size: 0.16 Acres
Lot Features: Level, Rolling Slope, Near Public Transit

School Information

High School: San Marcos
Elementary School: McKinley

Other Property Details

Area Name: 20 - SB/WEST OF STATE
Days on Market: 5
Garage: No
View: Yes
View Description: Mountain(s), Setting
County: Santa Barbara
Water Source: SB Wtr
Pool: No
Zoning: R-3

Listed by Berkshire Hathaway HomeServices California Properties, Ken Switzer,
Listing Contact: [email protected]

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Data last updated 3:38 PM UTC, 1/20/2025