Positioned along the highly desirable Upper De La Vina corridor, 2020 & 2024 De La Vina Street presents a rare opportunity to acquire a fully entitled 33-key boutique hotel development within one of Santa Barbara’s most supply-constrained submarkets. The project strategically leverages existing improvements to significantly reduce development timelines and costs while delivering a highly efficient, well-located hospitality asset. The property currently consists of 16,918 SF of existing improvements across two office buildings situated on approximately 0.65 acres with ample on-site parking. Approved plans provide for spacious guest accommodations featuring a mix of single king and double queen guestrooms, in addition to eight extended-stay suites offering one-bedroom and two-bedroom layouts complete with full kitchens. The ideally central Santa Barbara location is approximately one mile from downtown, a half mile from Cottage Hospital, and just minutes from the Funk Zone and sandy beaches. The property also offers convenient access to Highway 101, allowing for approximately 15-minute travel times north and south to neighboring communities including Goleta, Isla Vista and Carpinteria. In addition, the surrounding neighborhood provides walkable access to numerous restaurants, retail amenities, and neighborhood services located just blocks from the property. Price: $5,500,000 # of Keys: 33 (entitled) Price per key: $166,667 Price PSF: $325 (building), $194 (land) Building Area: 2020 DLV 14,071 SF 2024 DLV 2,847 SF Total ±16,918 SF Land Area: 28,314± SF (0.65 acres) APN: 025-302-018 & 019 Zoning: C-G (Commercial General) with AUD – Medium-High Density Overlay Parking: 43 existing / 33 proposed hotel spaces