DEVELOPMENT OPPORTUNITY Ideally located directly across from Goleta Valley Cottage Hospital and just a 5-minute drive from the University of California, Santa Barbara (UCSB). 5400 Hollister Avenue presents a rare opportunity to acquire a strong income producing asset, positioned on an approximately 20,473 SF lot with development potential. The main house currently operates as student housing and is leased by the bed, featuring an updated kitchen with stainless steel appliances and new flooring throughout. Additionally, the recently converted garage generates additional income as a self-contained studio unit. The expansive lot size and favorable zoning further position the property for redevelopment, expansion, or reconfiguration to maximize long-term value. Also available as part of a rare two-property portfolio opportunity under the same ownership: 5400 & 5392–5396 Hollister Ave., Goleta 93111. Portfolio offering price: $5,650,000. Contact Listing Agents for further details.