Estimated payment $12,686/month
Highlights
- Mountain View
- Property is near a park
- Level Lot
- Santa Barbara Senior High School Rated A-
About This Lot
Now available for sale for the 1st time in 50 years, is a rare under-developed parcel in an A++ location, adjacent to the Cottage Hospital medical buildings, Sansum Clinic, etc. Current use is 3 apartment units in front at the street, the back portion of the lot was never built on. Recent and ever-increasing housing density rules now offer a developer/investor an incredible opportunity to build-out the parcel or re-build from scratch. A non-developer may also value as an investment + land-bank with appreciation, or by entitling and selling the entitled project for profit. Valuable 2nd access is available via a rear public alley. Offering Memorandum in Documents (unbranded) incl. financial pro-forma and SEPPS land-use report showing up to 11 large units. Seller-financing now considered!
Listing Agent
Berkshire Hathaway HomeServices California Properties License #01245644 Listed on: 05/09/2025
Co-Listing Agent
Berkshire Hathaway HomeServices California Properties License #00628741
Property Details
Property Type
- Land
Lot Details
- 9,147 Sq Ft Lot
- Lot Dimensions are 180 x 50
- Level Lot
- Property is zoned Other, R-3
Property Views
- Mountain Views
Location
- Property is near a park
- Property is near public transit
- Property near a hospital
- Property is near shops
- Property is near a bus stop
Schools
- Peabody Elementary School
- S.B. Jr. Middle School
- S.B. Sr. High School
Utilities
- Gas Available
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number 025-061-003
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $1,207 | $111,731 | $58,806 | $52,925 |
| 2023 | $1,207 | $107,394 | $56,523 | $50,871 |
| 2022 | $1,163 | $105,289 | $55,415 | $49,874 |
| 2021 | $1,134 | $103,226 | $54,329 | $48,897 |
| 2020 | $1,122 | $102,168 | $53,772 | $48,396 |
| 2019 | $1,103 | $100,166 | $52,718 | $47,448 |
| 2018 | $1,087 | $98,203 | $51,685 | $46,518 |
| 2017 | $1,051 | $96,278 | $50,672 | $45,606 |
| 2016 | $1,113 | $94,391 | $49,679 | $44,712 |
| 2015 | $1,101 | $92,974 | $48,933 | $44,041 |
| 2014 | $1,085 | $91,154 | $47,975 | $43,179 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/09/2025 05/09/25 | For Sale | $2,395,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | -- | None Listed On Document | |
| Grant Deed | -- | Price Postel & Parma Llp | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | -- |
Source: Santa Barbara Multiple Listing Service
MLS Number: 25-1837
APN: 025-061-003
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