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- LoopNet Team
6757 Del Playa Dr
Isla Vista, CA 93117
Land For Sale · 0.32 AC
INVESTMENT HIGHLIGHTS
- Oceanfront development opportunity
- Student rental area for UC Santa Barbara, newer/remodeled rents on the oceanfront approach $8-$10/SF/month
- Eligilibity for SB330 "Builder's Remedy", contact agent for details
PROPERTY FACTS
| Property Type | Land | Total Lot Size | 0.32 AC |
| Property Subtype | Residential |
| Property Type | Land |
| Property Subtype | Residential |
| Total Lot Size | 0.32 AC |
DESCRIPTION
Oceanfront development opportunity at low price point in the Isla Vista student community serving UC Santa Barbara. Consider either a standard density project with current zoning, or possible high density under SB330 with eligibility pre-approval of up to 15 units. SB330 may also allow construction within the front setback, to improve the lifetime of the property by increasing distance to the blufftop. Under SB330, a future project entitlement may be protected with a more streamlined approval process and limited review discretion. Call for details about status, timeline, and flexibility for Buyer to design the layout and unit mix. The SB330 window is now closed, making this opportunity rare for the local area. Seller financing considered at 50% loan-to-value for up to 2 years.
ZONING
| Zoning Code | SR-M-8 (Student Residential medium density) |
| SR-M-8 (Student Residential medium density) |
