About 5400 Hollister Avenue
This is a truly exceptional opportunity for potential redevelopment, ideally located directly across the street from Goleta Cottage Hospital. This offering allows for 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 SFH and two additional units -- buyer to verify permit status. The SFH is currently operated as student housing, allowing for reliable turnover and repositioning for any intended use. The expansive lot size and favorable zoning present significant potential for redevelopment, expansion, or re-configuration to maximize value.
Features of 5400 Hollister Avenue
| MLS® # | 26001938 |
|---|---|
| Price | $1,800,000 |
| Bedrooms | 2 |
| Bathrooms | 1.00 |
| Full Baths | 1 |
| Square Footage | 1,472 |
| Acres | 0.47 |
| Year Built | 1957 |
| Type | Residential Income |
| Sub-Type | Multi Family |
| Status | Active |
Community Information
| Address | 5400 Hollister Avenue |
|---|---|
| Area | Out of Area |
| Subdivision | Out of Area |
| City | Goleta |
| County | Santa Barbara |
| State | CA |
| Zip Code | 93117 |
Amenities
| Parking | Private |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Wall Furnace |
|---|---|
| Cooling | Wall/Window Unit(s) |
Exterior
| Roof | Composition |
|---|---|
| Foundation | Slab, None |
Additional Information
| Date Listed | September 23rd, 2026 |
|---|---|
| Zoning | Multi-Fam R3, Res Multi-Family, Apartment |
| Foreclosure | No |
Listing Details
| Agent | Steve Golis |
|---|---|
| Office | Radius Commercial RE |
| Contact Info | 805-965-5500 |