The subject property is located at 6588 and 6590 Madrid Road in Goleta, CA. The property consists of two parcels totaling approximately 10,018 SF with an approximately 816 SF single-family residence. Zoning permits high-density student housing with an underlying density of 20 du/acre. The property is located less than half a mile north of UCSB and just east of the Pacific Ocean. The property is in an excellent location providing the opportunity for a coastal student housing development.