501 Garden Street, Santa Barbara, CA 93101
Local realty services provided by:Better Homes and Gardens Real Estate Property Shoppe
501 Garden Street,Santa Barbara, CA 93101
$2,600,000
- 0.15 Acres
- Lots / Land
- Active
Listed by: elizabeth a slifirski
Office: village properties - 1
MLS#:26-3769
Source:SBAOR
Price summary
- Price:$2,600,000
About this home
A Rare Santa Barbara Opportunity. Approved. Permitted. Ready to Build.
Welcome to 501 Garden Street, an exceptional development opportunity combining a prime downtown location with approved plans, permits in hand, and a shovel-ready site. The groundwork has been done. Now it's time to build.
Truly at the heart of all that makes downtown Santa Barbara special, the property is just three blocks from iconic State Street. A leisurely stroll down Garden Street leads to the vibrant Funk Zone, with Santa Barbara's beautiful beaches just beyond.
Currently zoned for commercial use but approved for multifamily development, the property offers an exciting opportunity for developers and investors to bring an approved project to life in one of Santa Barbara's most desirable urban locations. Approved plans include a mixed-use rental development featuring:
Commercial
1 commercial unit - 502 sq. ft.
Residential
Apartment 201 - 2 bed / 2 bath - 1,030 sq. ft.
Apartment 202 - 2 bed / 2 bath - 1,000 sq. ft.
Apartment 203 - 1 bed / 1 bath - 767 sq. ft.
Apartment 301 - 2 bed / 2 bath - 1,030 sq. ft.
Apartment 302 - 2 bed / 2 bath - 1,000 sq. ft.
Apartment 303 - Studio / 1 bath - 562 sq. ft.
Apartment 401: Penthouse 2 bed / 2 bath - 1,170 sq. ft.
7061 sf total
With approved plans, permits already secured, and multiple contractor proposals for construction, the new owner can bypass much of the lengthy planning and approval process and move directly toward breaking ground. A variety of supporting reports and due-diligence materials are also included in the sale. See documents section of the MLS for a complete list of what's included in the sale.
Rarely does an opportunity combine this caliber of location with this level of planning and development readiness.
The location is exceptional. The approvals are in place. The opportunity is yours to build....
Contact an agent
Home facts
- Subdivision & Development:15 or 20 - Downtown
- Listing ID #:26-3769
- Added:1 day(s) ago
- Updated:November 11, 2026 at 05:01 AM
Structure and exterior
- Lot area:0.15 Acres
- Lot Features:Corner Lot, Level, Near Public Transit
Schools
- High school:S.B. Sr.
- Middle school:S.B. Jr.
- Elementary school:Other
Finances and disclosures
- Price:$2,600,000
New listings near 501 Garden Street
- New
$2,895,000Active3 beds 2 baths1,786 sq. ft.707 Calle Palo Colorado, SANTA BARBARA, CA 93105
MLS# 26-3739Listed by: 22 WEST REALTORS - New
$2,595,000Active3 beds 2 baths1,565 sq. ft.1613 Santa Rosa Avenue, SANTA BARBARA, CA 93109
MLS# 26-3767Listed by: BERKSHIRE HATHAWAY HOMESERVICES CALIFORNIA PROPERTIES - New
$3,200,000Active3 beds 4 baths1,500 sq. ft.55 Alameda Padre Serra, SANTA BARBARA, CA 93103
MLS# 26-3768Listed by: COMPASS - New
$4,895,000Active5 beds 5 baths5,560 sq. ft.4585 Via Maria, SANTA BARBARA, CA 93111
MLS# 26-3771Listed by: BERKSHIRE HATHAWAY HOMESERVICES CALIFORNIA PROPERTIES - New
$8,950,000Active4 beds 6 baths6,008 sq. ft.1556 La Vista Road, SANTA BARBARA, CA 93110
MLS# 26-3766Listed by: THYNE REAL ESTATE GROUP - Open Thu, 10am to 1pmNew
$2,249,000Active2 beds 2 baths1,736 sq. ft.401 Chapala Street #Apt 303, SANTA BARBARA, CA 93101
MLS# 26-3762Listed by: EXP REALTY OF CALIFORNIA INC. - Open Thu, 10:30am to 1pmNew
$925,000Active2 beds 3 baths1,340 sq. ft.126 W Alamar Avenue #Unit 2, SANTA BARBARA, CA 93105
MLS# 26-3757Listed by: VILLAGE PROPERTIES - New
$1,550,000Active2 beds 2 baths884 sq. ft.101 Oceano #8, Santa Barbara, CA 93109
MLS# NP26241015Listed by: COMPASS - New
$5,250,000Active5 beds 3 baths2,721 sq. ft.2708 Puesta Del Sol, SANTA BARBARA, CA 93105
MLS# 26-3755Listed by: SOTHEBY'S INTERNATIONAL REALTY