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- LoopNet Team
8 Ocean View Ave
Santa Barbara, CA 93103
Land For Sale · 0.45 AC
INVESTMENT HIGHLIGHTS
- First Time On The Market In 75 Years!
- Land Size: Approx. 19,601 SF (0.45 Acres)
- Reduced Price: $1,775,000
- Zoning: R-2/S-D-3
PROPERTY FACTS
| Property Type | Land | Proposed Use | Multifamily |
| Property Subtype | Commercial | Total Lot Size | 0.45 AC |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Multifamily |
| Total Lot Size | 0.45 AC |
DESCRIPTION
A perfect development opportunity to build your dream home or complete a multifamily project! 8 Ocean View Avenue consists of two parcels. The first parcel is an approximately 14,374 square foot parcel and the second parcel is an approximately 5,227 square foot parcel. The parcels are zoned R-2 and are located in the Coastal Zone with an S-D-3 (Special District 3) overlay. There is one house located on the larger lot and garage and storage located on the smaller lot. Neither lot falls within the Average Unit Density (AUD) overlay for the City of Santa Barbara. Under the new zoning ordinance that the City of Santa Barbara adopted (inland only). There are a variety of allowed uses that can be accommodated. These lots could accommodate up to five units/three buildings. Contact Listing Agents for details.
PROPERTY TAXES
| Parcel Number | 015-292-014 | Improvements Assessment | $0 |
| Land Assessment | $435,234 | Total Assessment | $435,234 |
PROPERTY TAXES
ZONING
| Zoning Code | R-2; S-D-3 (Multi-family Special District 3) |
| R-2; S-D-3 (Multi-family Special District 3) |
