Courtesy of Steven Golis, Radius Group Commercial R.E.

1317 Punta Gorda St

SANTA BARBARA, CA, 93103

$3,950,000

$3,950,000
Pending
Pending
 - For Sale
property_type
Other
1317 Punta Gorda St. is an excellent and rare ''Shovel-Ready'' development opportunity located in an up-and-coming neighborhood within Santa Barbara. All entitlements and soft costs have been completed and paid for by current ownership and will be delivered at COE. The parcel of land, a ±.55 acre lot, is situated within the average unit density program (AUD), medium-high density overlay, granting a development potential of 15 – 27 units per acre. Recently, the City of Santa Barbara has discussed that it wants to discontinue the AUD program within the neighboring area, making this approved project potentially insulated from competing developments. Newly constructed buildings are not subject to AB1482 rent restrictions. Time to completion of the project is expected to be 18 months.
MLS® ID:
21-3857
Listed:
10/17/21
Updated:
9/29/22
Village Properties
Grubb Campbell Real Estate

Exterior/Building Features

Lot Size
0.55 acres lot

School Information

High School
S.B. Sr.
Middle/Jr High
S.B. Jr.
Elementary School
Cleveland

Other Property Details

Area Name
15 - SB/EAST OF STATE
Garage
No
Parking
N
View
N
County
Santa Barbara
Pool
No
Total Stories
2
Zoning
R-3

Property History

Date
Event
Price
Value
2/2/22
Active Under Contract
-
-

Courtesy of Steven Golis, Radius Group Commercial R.E.

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Data last updated 8:16 AM UTC, 9/29/22

Village Properties
Grubb Campbell Real Estate
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