Unlock the potential of Santa Barbara with this prime opportunity to develop a 5-unit investment property. Building entitlement was recently approved by the Santa Barbara Architectural Board of Review (ABR), for this sophisticated five-unit structure. Each unit boasts 2 bedrooms, 2.5 baths, a bonus room, balconies, private laundry, garage, and entry. Crafted by the renowned local architect Kevin Moore Architects (KMA), the design exudes the timeless charm of traditional Santa Barbara architecture. Perfect for investors and developers alike, this property spans 5,343 gross square feet and is located in a neighborhood that is accessible for walking and biking. Perfect for a 1031 exchange. With its central location, residents will enjoy easy access to an array of shops and restaurants. Across the street is the breathtaking Historic Landmark, Santa Barbara Junior High and neighborhood park, enhancing the allure of this exceptional development opportunity.
