RARE OPPORTUNITY in GOLETA, SANTA BARBARA to either build Senior Housing within an established neighborhood setting or 12 custom homes. Owner has spent over 45 years processing the property entitlements. He has obtained rights to build 12 SFR's and has just recently received approval for a General Plan Amendment Initiative for medium-density with a Senior Housing Overlay. The water allocation studies suggest sufficient supply for up to 110-135 beds, vaires by design needs. The site is located between two residential streets between Fairview and Patterson, with primary south-facing frontage off of Stow Canyon Road in the City of Goleta, just south of Cathedral Oaks. Call or Email Broker for Full Offering Brochure. Seller Financing, Lease Option or Joint Venture Partnership may be available.