5392-5400 Hollister Avenue Goleta, CA 93111

5392-5400 Hollister Avenue
Goleta, CA 93111

Property Type
Mixed Use
Multi-Family
Price
$4,250,000
Units
8 Units
Land Size
0.96 Acres
County
Santa Barbara

This is a truly exceptional opportunity for a potential redevelopment hotel/ motel use directly across the street from Goleta Valley Cottage Hospital in close proximity to Hwy 217. This property comprises seven (7) residential units and one (1) retail commercial unit, giving new ownership the ability to explore a redevelopment opportunity while collecting current income. The residential rental units are well under market leaving room for tremendous upside on current income. Most of the cottages have been extensively renovated and feature the following updates: remodeled kitchens & baths, vaulted ceilings & laminated floors, freshly painted interiors & exteriors, private patios/porches, washer/dryer in each unit, and new windows.

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