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12 photos
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$3,975,000
Est. payment /mo
0.28 Acres Lot
UPDATED:
12/05/2024 01:53 AM
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID V1-25299
HOA Y/N No
Year Built 1964
Lot Size 0.280 Acres
Property Description
6675 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 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, 6675 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. Please contact to schedule a tour.
Location
State CA
County Santa Barbara
Area Isla - Isla Vista
Interior
Heating Natural Gas
Cooling None
Fireplaces Type None
Fireplace No
Exterior
Fence None
Pool None
Community Features Suburban
View Y/N No
View None
Roof Type Flat
Total Parking Spaces 12
Private Pool No
Building
Lot Description Sprinklers None
Others
Senior Community No
Tax ID 075062002
Energy Description 2795.0
Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange
Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange
Special Listing Condition Standard
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Listed by Steven Golis • Radius Group Commercial RE • sgolis@radiusgroup.com