Fully Approved & Shovel-Ready 5-unit Development Opportunity Unlock the potential of Santa Barbara with this rare, five-unit investment project - ready to build and designed by the acclaimed Kevin Moore Architects (KMA). The plans feature five sophisticated residences, each offering 2 bedrooms, 2.5 baths, private balconies, in-unit laundry, and individual garages with private entries. Blending timeless Santa Barbara Spanish architectural character with modern functionality, this 5,343 square-foot project is ideal for developers and 1031 exchange investors seeking a boutique, high-demand property in a prime location. Set in a walkable, bike-friendly neighborhood, the site provides easy access to Santa Barbara's vibrant downtown shops, restaurants, and amenities. Directly across the street from the historic Santa Barbara Junior High and its park, this location enhances both lifestyle and long-term value - making it an exceptional opportunity to build in one of California's most desirable coastal markets.