Isla Vista, CA 93117,6575 Segovia RD Road
Isla Vista, CA 93117,6575 Segovia RD Road
Isla Vista, CA 93117,6575 Segovia RD Road
Isla Vista, CA 93117,6575 Segovia RD Road
Isla Vista, CA 93117,6575 Segovia RD Road
Isla Vista, CA 93117,6575 Segovia RD Road
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$3,700,000

$3,825,000

3.3%
Est.Price: ?

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Est. payment /mo

SOLD DATE : 02/19/2025

Key Details

Sold Price $3,700,000

Property Type Single Family Home

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 24-2728

Sold Date 02/19/25

Year Built 1964

Source Santa Barbara Multiple Listing Service

Property Description

6575 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 (24/25 school year) and $7,200 (25/26 school year) 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, 6575 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 with additional rental upside. Please contact to schedule a tour.

Location

State CA

County Santa Barbara

Others

Tax ID 075-062-002

Acceptable Financing Cash, Ctnl, Ctel

Listing Terms Cash, Ctnl, Ctel

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Listed by Radius Group Commercial R.E.

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Phone*

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Lorena Regalado

+1(805) 403-1270

lorena@home-ed.co