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Entitled Boutique Hotel Development Opportunity
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2020 De La Vina Street, Santa Barbara, CA 93105

33-key boutique hotel development opportunity in Santa Barbara.

Property Size16,918 SF
Lot Size0.65 Acres
Price / SF$325.10
Days on Market90

Property Features for 2020 De La Vina Street

General Information

Standard status Active
Size 16,918 SF
Lot size 0.65 Acres
Property subtype Hospitality
Listing Agency: Hayes Commercial Group
Listed By: Marissa Ruelas
Source: Crexi
Added: May 26 Changed: Aug 8 Last Checked: Aug 3 at 3:19PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Hayes Commercial Group

Investment Insights

Based on property information with market context.

Located along the Upper De La Vina corridor, the property at 2020 & 2024 De La Vina Street offers the opportunity to acquire a fully entitled 33-key boutique hotel development. The project aims to leverage existing improvements to reduce development timelines and costs while delivering a hospitality asset. The property includes 16,918 square feet of existing improvements across two office buildings on approximately 0.65 acres, with on-site parking. Approved plans allow for guest accommodations featuring single king and double queen guestrooms, plus eight extended-stay suites with one-bedroom and two-bedroom layouts complete with full kitchens. The location is approximately one mile from downtown, a half mile from Cottage Hospital, and minutes from the Funk Zone and beaches. Convenient access to Highway 101 allows for approximately 15-minute travel times to Goleta, Isla Vista, and Carpinteria. The surrounding neighborhood provides walkable access to restaurants, retail amenities, and neighborhood services.

Key Highlights

  • Fully entitled 33‑key boutique hotel development opportunity.
  • Strategically leverages existing improvements to reduce development timelines and costs.
  • Ideally central Santa Barbara location: approximately one mile from downtown, a half mile from Cottage Hospital, and minutes from the Funk Zone and beaches.

Property Analytics

Current Use

Fielding Graduate University University

Suggested Use

Top Pick Storage Facility (Bike/Boat/Book/etc) Store Locksmith Butcher Grocery & Convenience Store Food Market

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

3,573
Businesses Nearby

Demographics for 93105, CA

26,003
Population
11,401
Households
2.3
Avg Household Size
49
Median Age
60%
College-Educated
94%
High-School Grad
139.8 sq mi
ZIP Area
186
Density / Sq Mi
$129,549
Median Household Income
$64,371
Median Earnings
$2,572
Median Rent
$1,496,500
Median Home Value
Rey
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Frequently Asked Questions

What type of property is this?
Hotel - 33-key boutique hotel development opportunity in Santa Barbara.
Where is this hotel located?
The property is located at 2020 De La Vina Street Santa Barbara, CA.
What is the asking price?
The asking price for this property is $5,500,000.
What are key features of this property?
This property features: Fully entitled 33‑key boutique hotel development opportunity.; Strategically leverages existing improvements to reduce development timelines and costs.; Ideally central Santa Barbara location: approximately one mile from downtown, a half mile from Cottage Hospital, and minutes from the Funk Zone and beaches.
More about this property
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