Rad Commercial Realty
Listed by Rad Commercial Realty
$1,999,999
RTI 50 UNITS DEVELOPMENT SANTA BARBARA COUNTY
Details
Property Type Land, Multifamily
Sub Type Apartment Building
Broker Co-Op Yes
Acreage 2.500
Zoning R3
Ownership 100
RTI 50 UNITS DEVELOPMENT SANTA BARBARA COUNTY
Marketing description
🏗️ RTI 50-Unit Apartment Development
Santa Barbara County, CA
📍 Opportunity Overview
Fully entitled RTI (Ready-To-Issue) multifamily development in a strong Central Coast submarket. This is a shovel-ready project allowing a developer or investor to immediately move into vertical construction.
🏢 Project Details
- Product Type: Multifamily Apartments
- Unit Count: 50 Units
- Status: RTI (Fully Approved Plans)
- Construction: Immediate Start Available
- Design: Garden-style / Low-rise apartment community
- Site Layout: Efficient footprint with parking + central amenities
💰 Pricing
- Asking Price: $1,900,000
- Price per Unit: $38,000/unit
➡️ Extremely attractive basis for California multifamily development
✅ Key Highlights
- ✔️ RTI – No entitlement risk
- ✔️ Shovel-ready (save 12–24 months)
- ✔️ Located in high-demand rental market
- ✔️ Strong fundamentals in Santa Barbara County
- ✔️ Ideal for developer, builder, or JV partner
- ✔️ Favorable long-term appreciation + rental growth
📈 Investment Upside
- Significant value creation through development
- High rental demand with limited new supply pipeline
- Exit options:
- Build & Hold (Cash Flow + Appreciation)
- Build & Sell (Stabilized Asset)
Listing Contacts
Rad Commercial Realty
Listed by Rad Commercial Realty
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--
Valuation Metrics
0
DSCR
--
Cap Rate
--
ROI
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Name
License
Brokerage
Title
Name
License
Brokerage
Brokerage Phone
Title
Is there information that looks off?
