Pending

6575 Segovia Road

Isla Vista CA, 93117

$3,975,000


Pending

Residential

Built in 1964

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.

V1-25299

MLS ID

August 19, 2024

Listed

October 5, 2024

Updated

Map

6575 Segovia Road
Isla Vista CA, 93117

Interior Features

Fireplace

No


Fireplace Description

None


Cooling

No


Cooling Description

None


Heating

Yes


Heating Description

Natural Gas

Exterior/Building Features

Lot Size

0.28 Acres


Lot Features

Sprinklers None


Roof

Flat

Other Property Details

Area Name

ISLA - Isla Vista


Days on Market

25


Garage

No


Parking Total

12


View

No


View Description

None


County

Santa Barbara


Pool

No


Pool Features

None

Listing History

Date

Event

Price

9/13/2024

Pending

Listed by Steven Golis, Radius Group Commercial RE, CA DRE 00772218

Listing Contact: [email protected] 

Based on information from the CRISNet MLS as of 10/5/2024, 6:28 PM UTC. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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