5392-5400 Hollister Avenue, GOLETA, CA 93111 (MLS# 26-2739)

5392-5400 Hollister Avenue, GOLETA, CA 93111

$5,650,000

Property Type: Res Inc Lot Size (sq. ft.): 20,473 Status: Active

Current Price: $5,650,000 List Date: 8/17/2026 Last Modified: 8/17/2026

Overview

Description

2 PARCEL DEVELOPMENT & INCOME OPPORTUNITY! This is a truly exceptional opportunity for potential redevelopment, ideally located directly across the street from Goleta Cottage Hospital. The portfolio comprises two value-add properties and offers 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 with income producing structures consisting of a single-family residence and two additional units. The expansive lot size and favorable zoning present significant potential for redevelopment, expansion, or reconfiguration to maximize value. 5392-5396 Hollister Avenue is a mixed-use asset situated on a 21,344 SF lot, comprised of

Supplements: six residential cottages and one commercial unit. Most of the cottages have been extensively renovated, offering modern finishes and strong in-place income with additional upside potential. The commercial unit is occupied by a well-established tenant with a lease in place through 2029, providing stable and predictable income

Listing Details MLS# 26-2739

Location Info

District: 30 - SB/GOL SOUTH
Street #: 5392-5400
Street Name: Hollister
Street Suffix: Avenue
State: CA
Country: US
Postal Code: 93111
Compass Map: Santa Barbara
Map Grid: H11
County: Santa Barbara
Parcel Nbr: 071-101-002
Cross Street: Patterson

Contract Info

Price: 5650000
Begin Date: 2026-08-17

Property Information

Number of Units: 6
Year Built: 1957
Apx Lot Size FxD: 41817
Apx Lot SqFt: 20473
Recurring Fees: No

Remarks

Hot Sheet Comment: new

Owner Info

Deposit: 3
Deposit Type: %

Unit 1

# Units: Yes
# Bedrooms: 6
# Baths: 4
Monthly Total: 23182

More Information

Unit 2

# Units: Yes
# Bedrooms: Yes
# Baths: Yes

Unit 3

# Units: 4
# Bedrooms: 2
# Baths: Yes

Unit 4

# Units: 2
# Bedrooms: Yes
# Baths: Yes

Property Features

Zoning: Other Terms: OTHER/CLA Listing Type: ER

Documents

5392-5400 Hollister Preliminary Report ›

Listing Office: Radius Group Commercial R.E.

Last Updated: August - 17 - 2026

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