$3,975,000
6575 Segovia Road Isla Vista, CA 93117
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REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
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Listed by Steven Golis • Radius Group Commercial RE
$3,975,000
Est. payment /mo
12,196 SqFt
UPDATED:
09/14/2024 06:01 AM
Key Details
Property Type Single Family Home, Multi-Family
Sub Type OTHER
Listing Status Pending
Purchase Type For Sale
Square Footage 12,196 sqft
Price per Sqft $325
MLS Listing ID CRV1-25299
HOA Y/N No
Originating Board Datashare California Regional
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
Interior
Heating Natural Gas
Cooling No Air Conditioning
Fireplace No
Exterior
View None
Building
Lot Description Other
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