21
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$5,650,000
Est. payment /mo
New
5392 5400 Hollister AVE Goleta, CA 93111
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Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID V1-38405
HOA Y/N No
Year Built 1957
Property Sub-Type Mixed Use
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 incomeproducing 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
Area Glta - Goleta
Interior
Fireplace No
Building
Lot Description Sprinklers None
Dwelling Type Mixed Use
Water Public
Others
Tax ID 071101002
Special Listing Condition Standard
Listed by Steven Golis Radius Group Commercial RE sgolis@radiusgroup.com, DRE #00772218
NEARBY SCHOOL & BUSINESS
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