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.
Property Details
Price:
$3,975,000
MLS #:
V1-25299
Status:
Active
Baths:
0
Address:
6575 Segovia Road
Type:
Residential Income
Neighborhood:
islaislavista
City:
Isla Vista
Listed Date:
Aug 19, 2024
State:
CA
ZIP:
93117
Lot Size:
12,196 sqft / 0.28 acres (approx)
Year Built:
1964
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Schools
Interior
Cooling
None
Fireplace Features
None
Heating
Natural Gas
Exterior
Community Features
Suburban
Fencing
None
Garage Spaces
0.00
Lot Features
Sprinklers None
Parking Spots
12.00
Pool Features
None
Roof
Flat
Spa Features
None
View
None
Financial
Association Fee
0.00
Tenant Pays
Electricity, Gas
Map
Community
- Address6575 Segovia Road Isla Vista CA
- AreaISLA – Isla Vista
- CityIsla Vista
- CountySanta Barbara
- Zip Code93117
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Courtesy of Radius Group Commercial RE. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
6575 Segovia Road
Isla Vista, CA
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