2 Adjacent Parcels: Land & Multi-family FOR SALE


Santa Barbara, CA - Lower East
$2,500,000 USD
805-698-0272
, Santa Barbara, CA for Sale
$2,500,000 USD
FOR SALE
1/7
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2 Adjacent Parcels: Land & Multi-family
Santa Barbara, CA
Lower East


HIGHLIGHTS

  • 11 N. Milpas St. is a Multi-family parcel offered at $1,750,000 | Unit Mix: (1) 3BD/1BA; (1) 1BD/1BA
  • 11 N. Milpas St. Zoning: GC (was previously split-zoned M1)
  • 11 N. Milpas St. includes two detached residential units.
  • 7 N. Milpas St. is a parcel of land offered at $750,000.
  • 7 N. Milpas St. lot size is ±5,662 SF (±0.13 AC).

OVERVIEW

Two adjacent parcels, one multi-family and the other land, with high-density housing re-development potential. (Available together or individually). 7 N. Milpas St. is offered at $750,000. 11 N. Milpas St. is offered at $1,750,000 and is co-listed by Dean Vanecek of Keller Williams. Large parcel in a central location with two homes and a garage. Owned for generations, this property produces just under $9,100 a month gross from two residential tenants and a landscape company. Zoning allows for the highest density of housing, and with 7 N. Milpas St. also available, the two properties could be an approximate 16,552 SF development and under zoning 24 residential units. 7 N. Milpas St. has been utilized as a contractor's storage yard for years and there are no permanent structures. All tenants are month-to-month and the ownership will consider selling the properties individually or together. Contact Listing Agent to schedule a showing.

ASK ABOUT THIS PROPERTY

Brad FrohlingRadius Commercial Real EstateMore Info
805-698-0272

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Brad FrohlingRadius Commercial Real EstateMore Info
805-698-0272

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.