About 5392-5400 Hollister Avenue
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 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.
