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6757 Del Playa Dr
Isla Vista, CA 93117

$699,000 USD

Land For Sale  •  0.32 AC

Property Details

  • Property Type Land
  • Lot Size 0.32 AC
  • Zoning SR-M-8
0 Transit Score
53 Walk Score

Description

Oceanfront development opportunity at low price point in the Isla Vista student community serving UC Santa Barbara. Consider either a standard density project with current zoning, or possible high density under SB330 with eligibility pre-approval of up to 15 units. SB330 may also allow construction within the front setback, to improve the lifetime of the property by increasing distance to the blufftop. Under SB330, a future project entitlement may be protected with a more streamlined approval process and limited review discretion. Call for details about status, timeline, and flexibility for Buyer to design the layout and unit mix. The SB330 window is now closed, making this opportunity rare for the local area. Seller financing considered at 50% loan-to-value for up to 2 years.

Highlights

Oceanfront development opportunity
Eligilibity for SB330 "Builder's Remedy", contact agent for details
Student rental area for UC Santa Barbara, newer/remodeled rents on the oceanfront approach $8-$10/SF/month

Public Transportation

Commuter RailDriveWalkDistance
Goleta Amtrak (Pacific Surfliner - Amtrak) 8 min - 3.1 mi
AirportDriveWalkDistance
Santa Barbara Municipal 20 min - 4.6 mi
Ken Switzer 805-680-4622 Berkshire Hathaway Commercial Division
Ken Switzer 805-680-4622 Berkshire Hathaway Commercial Division