$1,540,000
$1,925,000
20.0%For more information regarding the value of a property, please contact us for a free consultation.
6,534 Sqft Lot
SOLD DATE : 11/01/2024
Key Details
Sold Price $1,540,000
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 24-2857
Sold Date 11/01/24
Lot Size 6,534 Sqft
Acres 0.15
Lot Dimensions 6534.0
Source Santa Barbara Multiple Listing Service
Property Description
A top the bluffs in one of the best Isla Vista locations is this exceptional student housing opportunity which is located just one-and-one-half blocks from UCSB's campus and within easy walking distance of the restaurants, shops and amenities of IV's ''Loop''. This 100% leased duplex is being offered at a 6.0% Cap Rate on 2024-2025 rents with significant upside potential for the 2025-2026 school year. The building consists of a 4BD/2BA townhouse unit with unobstructed views, a large Studio unit, onsite laundry room, and off-street parking for four cars. Improvements including cliff cutback (2011), dual pane windows (2011), tankless water heater (2019), new main electrical panel and plugs, and extensive site drainage.
Location
State CA
County Santa Barbara
Interior
Laundry Laundry Room
Building
Lot Description Near Public Transit
Others
Tax ID 075-213-009
Acceptable Financing Cash
Listing Terms Cash
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