Oceanfront development opportunity at a very low price point in the Isla Vista student community serving UC Santa Barbara. Consider either a standard density project with current zoning, or possible higher density under SB330 (call for details), or for short-term or long-term creative monetization such as parking rent, parking entitlement credits, etc. Existing structure is not habitable, it is within the required blufftop setback and is unlikely to be salvageable in any way; there is no value given to the existing structure. This listing is a high potential upside offering with risk, but at a relatively low price exposure and an accessible price point. Please do not go on property without an agent.
Copyright © 2025 Santa Barbara Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.