1317 Punta Gorda St
Santa Barbara, CA 93103
Interior: 23,958 sq. ft. (approx.)
Incredible opportunity to purchase one of the only new construction turn-key assets that will be available in the city of Santa Barbara. The offering consists of a .55 acre lot with entitlements to build 14 units with seven (7) two-story duplexes on one lot. All units consist of a 2 bedroom 2.5 bath unit.The property is currently at the end of plan check with permits expected to be ready to pull in less than two months and a grading permit accessible in approximately one month. The owner will develop the property and deliver the land and fully constructed 12,908 SF, 14 unit building for a price of $6,995,000, to close upon issuance of the certificate of occupancy.