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Listed by Steve Golis Radius Commercial RE
$5,650,000
Est. payment /mo
17 Beds
11 Baths
1,472 SqFt
Active
5392-5400 Hollister AVE Goleta, CA 93117
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Key Details
Property Type Single Family Home
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 1,472 sqft
Price per Sqft $3,838
MLS Listing ID 26001669
Bedrooms 17
Full Baths 11
Year Built 1957
Lot Size 9,000 Sqft
Acres 0.21
Property Sub-Type Mixed Use
Source North Santa Barbara County Regional MLS
Property Description
2 PARCEL DEVELOPMENT & INCOME OPPORTUNITY! This is a truly exceptional opportunity for potential redevelopment, ideally located directly across the street from
Goleta Cottage Hospital. The portfolio comprises two value-add properties and offers multiple paths to achieve the
highest and best use, whether through repositioning, redevelopment, or long-term hold. 5400 Hollister Avenue features a rare oversized lot of approximately 20,473 SF, currently improved with income
producing structures consisting of a single-family residence and two additional units. The expansive lot size and
favorable zoning present significant potential for redevelopment, expansion, or reconfiguration to maximize value.
5392-5396 Hollister Avenue is a mixed-use asset situated on a 21,344 SF lot, comprised of six residential cottages
and one commercial unit. Most of the cottages have been extensively renovated, offering modern finishes and strong
in-place income with additional upside potential. The commercial unit is occupied by a well-established tenant with
a lease in place through 2029, providing stable and predictable income.
Goleta Cottage Hospital. The portfolio comprises two value-add properties and offers multiple paths to achieve the
highest and best use, whether through repositioning, redevelopment, or long-term hold. 5400 Hollister Avenue features a rare oversized lot of approximately 20,473 SF, currently improved with income
producing structures consisting of a single-family residence and two additional units. The expansive lot size and
favorable zoning present significant potential for redevelopment, expansion, or reconfiguration to maximize value.
5392-5396 Hollister Avenue is a mixed-use asset situated on a 21,344 SF lot, comprised of six residential cottages
and one commercial unit. Most of the cottages have been extensively renovated, offering modern finishes and strong
in-place income with additional upside potential. The commercial unit is occupied by a well-established tenant with
a lease in place through 2029, providing stable and predictable income.
Location
State CA
County Santa Barbara
Interior
Heating Other Heat
Cooling Other
Heat Source Other Heat
Exterior
Private Pool No
Building
Story 1
Foundation Raised, None
Others
Senior Community No
Tax ID 071-101-002
Acceptable Financing Assumable, Cash, Other
Listing Terms Assumable, Cash, Other
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