1317 Punta Gorda St. Entitled 14-Unit Multifamily Development | Santa Barbara, CA 93103

1317 Punta Gorda St.
Santa Barbara, CA 93103
Entitled 14-Unit Multifamily Development

Property Type
Contact Agent
Land Size
0.55 Acres
Santa Barbara

UNPRICED: CALL TO OFFERS MAY 15, 2020. 1317 Punta Gorda is an excellent and rare development opportunity located in an up-and-coming neighborhood within Santa Barbara. The parcel of land, an approx. 0.55 acre lot, is situated within the average unit density (AUD) program, medium-high density overlay, granting development potential of 15–27 units per acre. The property is entitled for 14, 2-bedroom, 2.5-bath townhouse units across seven, 2-story buildings on one lot. Recently, the City of Santa Barbara has discussed potentially discontinuing or curtailing the AUD program within the neighboring area, making this approved project potentially insulated from competing developments. Seller will consider building the project and delivering it turn-key to a buyer. Contact Listing Agents for details.

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