Single Family Residence In Santa Barbara

First time on the market in over 50 years! A unique opportunity for a developer builder to reimagine this property in downtown Santa Barbara. This property could be a fabulous opportunity for a family compound!
Property sits on a large fairly flat approximately 10,000.00 +_sq.ft. lot with mountain views. The lot runs into Mission creek. It is zoned R3 multi-unit/hotel.
88 Walk score and 99 bike score paradise.
Currently existing original size 2-bedroom 1-bathroom main home and two separate bungalow studios. They all need to be restored and renewed to their original charm. Opportunity to build-out parcel or re-build from scratch considering high density rules. Located near Santa Barbara’s downtown, Funk zone, Harbor, Pier, local beaches and SBCC No financing. Appointment only.