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Mixed-Use Investment Near Hospital 5396 Hollister Ave 6,750 SF Vacant Retail Building Santa Barbara, CA 93111 $3,850,000 ($570.37/SF)
Investment Highlights
- Current Use: one (1) commercial building and six (6) residential units.
- Residential upgrades: updated kitchens & baths, washer/dryer in select units, vaulted ceilings & laminated floors, and new windows.
- Private patios and porches.
- Ample residential parking, plus 6 commercial spaces.
- Additional upgrades: freshly painted interiors (select units) and a new roof installed on the 5392-1 cottage in 2026.
Executive Summary
Ideally located directly across from Goleta Valley Cottage Hospital and just a 5-minute drive from the University of California, Santa Barbara (UCSB). Situated on an approximately 21,344 SF lot, 5392–5396 Hollister Ave. is a mixed-use asset comprised of six residential cottages and one commercial unit.
Most of the cottages have been extensively renovated, featuring modern finishes and generating 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 cash flow.
Property upgrades and amenities include new windows, vaulted ceilings, laminate flooring, updated kitchens and baths, private patios and porches, washer/dryer units in select cottages, freshly painted interiors in select units, and a new roof installed on the 5392-1 cottage in 2026.
Also available as part of a rare two-property portfolio opportunity under the same ownership: 5400 & 5392–5396 Hollister Ave., Goleta 93111. Portfolio offering price: $5,650,000. Contact Listing Agents for further details.
Most of the cottages have been extensively renovated, featuring modern finishes and generating 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 cash flow.
Property upgrades and amenities include new windows, vaulted ceilings, laminate flooring, updated kitchens and baths, private patios and porches, washer/dryer units in select cottages, freshly painted interiors in select units, and a new roof installed on the 5392-1 cottage in 2026.
Also available as part of a rare two-property portfolio opportunity under the same ownership: 5400 & 5392–5396 Hollister Ave., Goleta 93111. Portfolio offering price: $5,650,000. Contact Listing Agents for further details.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
6,750 SF
Building Class
C
Year Built/Renovated
1957/2026
Price
$3,850,000
Price Per SF
$570.37
Percent Leased
Vacant
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.31
Lot Size
0.49 AC
Zoning
CC - Community Commercial
Parking
10 Spaces (8 Spaces per 1,000 SF Leased)
Frontage
96’ on Hollister Ave
Amenities
- Signage
Moderately walkable
60/100
Exceptionally drivable
100/100
Some public transit
50/100
Moderately bikeable
70/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 071-101-015 | Improvements Assessment | $1,560,600 |
| Land Assessment | $1,560,600 | Total Assessment | $3,121,200 |
Property Taxes
Parcel Number
071-101-015
Land Assessment
$1,560,600
Improvements Assessment
$1,560,600
Total Assessment
$3,121,200
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Mixed-Use Investment Near Hospital | 5396 Hollister Ave
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