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Listed by Steven J Golis • Radius Group Commercial RE
$ 3,825,000
Est. payment /mo
Pending
6575 Segovia Road Isla Vista, CA 93117
0.28 Acres Lot
UPDATED:
01/24/2025 10:18 PM
Key Details
Property Type Single Family Home
Listing Status Pending
Purchase Type For Sale
MLS Listing ID V1-25299
Year Built 1964
Lot Size 0.280 Acres
Property Description
6575 Segovia Rd. is an outstanding investment opportunity in the vibrant and dynamic community of Isla Vista. This multifamily property, built in 1964, is perfectly positioned within Isla Vista, offering huge upside potential for investors seeking to capitalize on the strong demand for student housing from UCSB and SBCC students. The building consists of 12 units, all featuring 1-bedroom and 1-bathroom layouts. Parking facilities include 12 enclosed parking spaces, generating $5,760 (24/25 school year) and $7,200 (25/26 school year) in annual parking income, adding further value to this investment. Each unit is designed to provide comfortable and efficient living spaces, ensuring high occupancy rates and low maintenance for property management. Located in the heart of Isla Vista, this property is ideally situated to meet the housing needs of UCSB and SBCC students, offering convenient access to campus facilities and local amenities. With its robust rental income, strategic location, and significant growth potential, 6575 Segovia Rd is an excellent addition to any investment portfolio. Seize this opportunity to invest in one of Isla Vista's prime multifamily properties, designed for student living and positioned for substantial returns with additional rental upside. Please contact to schedule a tour.
Location
State CA
County Santa Barbara
Interior
Cooling None
Fireplaces Type None
Exterior
Pool None
Community Features Suburban
View Y/N No
View None
Building
Lot Description Sprinklers None