Golf Course
Address
5400 Hollister Avenue, Goleta, CA
Price
$ 1,800,000
Property Attributes
- ID#V138844
- TypeMulti-Family
- Listing Status Active
- CountySanta Barbara
- CityGoleta
- Area Goleta
- NeighborhoodNot Applicable
- Zip93111
- Style
- Year Built1957
- Price$ 1,800,000
- Bedrooms0
- Full Bathrooms4
- Half Bathrooms0
- Sqr Footage2250
- Lot Size0.47 Acres
Data Source:
California Regional MLS (CRMLS)
Property Description
This is a truly exceptional opportunity for potential redevelopment, ideally located directly across thestreet from Goleta Cottage Hospital. This offering allows for 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 withincome-producing structures consisting of a single-family residence and two additional units -- buyer to verify permit status. The single-family home is currently operated as student housing, allowing for reliable turnover and repositioning for any intended use. The expansive lot size and favorable zoning present significant potential for redevelopment, expansion, or re-configuration to maximize value
| Price History | |
|---|---|
| 9/22/2026 | Listed $1,800,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Cooling | None |
| Pool Features | None |
| Year Built | 1957 |
| View | None |
| Gross Income | 174615 |
| Community Features | Biking,Curbs,Golf |
| County | Santa Barbara |
| Net Operating Income | 107037 |
| Operating Expense | 67578 |
| Insurance Expense | 6000 |
| Property Type | Residential Income |
| Subdivision Name | Not Applicable |
| Garage Y/N | false |
| Other Structures | Guest House,Guest HouseAttached |
| Special Listing Conditions | Standard |
| Status | Active |
| Directions | Turn off Patterson, take driveway to the left of Crushcakes if facing the building |
| City | Goleta |
| Senior Community Y/N | false |
| MLS Area | GLTA - Goleta |
| Lot Size Units | Square Feet |
| Lot Size Square Feet | 20473 |
| Listing Terms | Cash,Cash to New Loan,Conventional,Submit |
| Spa Features | None |
| Property Attached Y/N | false |
| Land Lease Y/N | false |
| Electric Expense | 8030 |
| Trash Expense | 371 |
| Water Sewer Expense | 12028 |
| Additional Parcels Y/N | false |
| Rent Control Y/N | true |
| Standard Status | Active |
| Year Built Source | Assessor |
| Cap Rate | 5.95 |
| PostalCity | SANTA BARBARA |
Interior Features
| Flooring | Laminate,Vinyl |
|---|---|
| Fireplace Features | None |
| Common Walls | No Common Walls |
| Air Conditioning Y/N | false |
| Heating Y/N | true |
| Fireplace Y/N | false |
| Laundry Features | Common Area |
Exterior Features
| Parking Features | Gravel,Oversized,Unassigned,Uncovered |
|---|---|
| Lot Features | 16-20 Units/Acre,Sprinklers None |
| Water Source | Public |
| Lot Size Area | 20473 |
| Foundation Details | Slab |
| Number of Buildings | 3 |
| Spa | false |
| Building Area Total | 2250 |
| Lot Size Acres | 0.47 |
| Private Pool | false |
| Lot Size Source | Assessor |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 93111
Price
Year Built
Based on information from California Regional Multiple Listing Service, Inc. as of September 21, 2026 8:08 PM UTC This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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