Description
Consider this rare development opportunity in the highest-demand location within one of the country's most desirable off-campus student housing markets. Located on the oceanfront bluffs of Del Playa near to UC Santa Barbara, this parcel is priced at lot value for redevelopment. An existing duplex has blufftop retreat, where the best proposition is to re-build using existing water and development rights, in a secure footprint further away from the blufftop. With rental comparables at $1200-$1300 per month per bed for newly renovated apartments on Del Playa oceanfront, an investor/developer can realize a substantial profit over market for either hold or re-sale purposes. See conceptual plans, pro-forma, other details and video link in Offering Memorandum at www.DelPlayaDevelopmentParcel.com
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0BEDS
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0.32ACRES
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0BATHS
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01/2 BATHS
School Information
Description
Consider this rare development opportunity in the highest-demand location within one of the country's most desirable off-campus student housing markets. Located on the oceanfront bluffs of Del Playa near to UC Santa Barbara, this parcel is priced at lot value for redevelopment. An existing duplex has blufftop retreat, where the best proposition is to re-build using existing water and development rights, in a secure footprint further away from the blufftop. With rental comparables at $1200-$1300 per month per bed for newly renovated apartments on Del Playa oceanfront, an investor/developer can realize a substantial profit over market for either hold or re-sale purposes. See conceptual plans, pro-forma, other details and video link in Offering Memorandum at www.DelPlayaDevelopmentParcel.com
© 2021 Santa Barbara Multiple Listing Service. All rights reserved. Based on information from the Santa Barbara MLS as of 2021-04-12T08:46:58.583. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Data last updated 2021-04-12T08:46:58.583.