5392-5400 Hollister Avenue

GOLETA, CA 93111

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

Listing courtesy of Steven J Golis of Radius Group Commercial R.E.



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Data last updated at: 2026-09-11 12:17 PM UTC