0 Northpoint Circle, Orcutt, CA 93455 - Berkshire Hathaway HomeServices California Properties

0 Northpoint Circle, Orcutt, CA 93455

$1,920,000 Approx. USD 0 beds, 0 baths

Listing Agent


Jason Hart | Jason@HartCRE.com
Lic#: 01334694
Broker: Courtesy of Hart Commercial Real Estate

Agent Remarks

SUMMARY This property offers a developer the chance to acquire a well-defined project with significant, pre-negotiated fee waivers and a resolved airport land use conflict. While it requires re-entitlement, the extensive project history and existing agreements provide a clear and de-risked roadmap for bringing 32 new homes to the attractive Orcutt market. KEY FINANCIAL ADVANTAGES & REDUCED FEES • No School Fees for OUSD: A recorded settlement agreement with the Orcutt Union School District means a future developer will not have to pay school impact fees to the OUSD. This represents a considerable savings, as the current OUSD residential development fee is $3.69 per square foot as of June 2024, a potential savings of $160,000. • No Quimby/Park Fees: A settlement with Santa Barbara County states that Quimby/Park fees, currently $5,344 per single-family dwelling, will not be required as the map has already been recorded. This amounts to a potential savings of over $171,000. • No Affordable Housing In-Lieu Fees: The same settlement agreement with the county determined that no affordable housing mitigation would be required for the project, representing another significant potential cost reduction. • HOA Agreement in Place: A mediated settlement with the Northpoint Homeowner's Association (HOA) clarifies that this phase is not required to join the existing HOA but will contribute to shared road and drainage basin maintenance. This agreement provides a clear framework for managing shared infrastructure costs and mitigates potential disputes with the existing association. DEVELOPMENT & ENTITLEMENT STATUS • Expired but Clear Path Forward: While the previous Development Plan for the 32 units expired in 2018, the path to re-entitle the project is straightforward. The buyer will need to undergo a new Development Plan application consistent with the prior approvals. • Favorable Airport Safety Zone Update: A 2023 revision to the Airport Land Use Compatibility Plan (ALUCP) has removed a "no build corridor" that previously conflicted with 15 of the lots, eliminating a significant past obstacle to development. Streamlining Potential: The site may qualify for the permit streamlining provisions of SB 35, as it is in an urban area with 75% of its perimeter already developed.

Listing Details

Property type: (Lots/Land)
Status: Active
MLS# PI25134425
Price: $1,920,000
Beds: 0
Baths: 0
3.99 acres
Lot size: 3.9900
Subdivision: Orcutt West(880)
County: Santa Barbara
Zoning: DR-3.3
Lot description: SixToTenUnitsAcre
MLS area: ORCT - Orcutt

Last Updated: 6/16/2025

 Days On Market (DOM): 22

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This listing belongs to the ORCT - Orcutt MLS area

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Lat/Long: 34.880930, -120.427967.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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