420 E Anapamu Street

Updated 3 Bedroom, 2 Bath craftsman home on an almost 1/4 acre lot on a tree-lined street in downtown Santa Barbara! City-approved entitlement plans to add two 2BR/2BA townhome style condos and 6-car garage. Excellent building opportunity in downtown Santa Barbara. Entitled plans are available to add two 2BR/2BA condos on top of a 6-car garage (2 for each unit). The entitlements for the project are good until January, 2018 with no Inclusionary Housing In-Lieu fees. The townhome style condo units are 1358 and 1581 gross square feet, as designed. Both will be built on top of the planned 6-car garage. One will face south with views from the Mesa to Montecito and a peek of the ocean. The other will have incredible views of the Riviera and mountains behind.

Both potential units include living room fireplaces plus breakfast bars in their kitchens. Large walk-in closets are in all bedrooms and master bathrooms include dual sinks. Multiple balconies provide opportunities for large views!

This entitled project is less than a mile from Paseo Nuevo shopping and restaurants, one mile from the Mission and Rose Garden and 1.5 miles from Chase Palm Park at East Beach. This puts nearly all of downtown Santa Barbara within an easily reachable distance, including the up and coming Funk Zone.

Current home is in excellent condition. The 3BR/2BA home with refinished wood floors, fireplace, new electrical and plumbing, new interior & exterior paint and a new instant water heater. The second bathroom was recently added and both baths feature granite counter vanities and large walk-in tiled showers. Recent improvements were completed with permits.

Purchase a rare opportunity to build income units in downtown Santa Barbara. Get a head start and capitalize on the seller's hard work getting entitled plans revised and approved!