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Lenore Wilkas

lenore.wilkas@engelvoelkers.com +1(760) 407-2100

$ 3,975,000

Est. payment -/mo

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Pending

6575 Segovia RD Isla Vista, CA 93117

0.28 Acres Lot

UPDATED:

09/30/2024 06:16 PM

Key Details

Property Type Multi-Family

Listing Status Pending

Purchase Type For Sale

MLS Listing ID V1-25299

HOA Y/N No

Year Built 1964

Lot Size 0.280 Acres

Acres 0.28

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

Area Isla - Isla Vista

Interior

Heating Natural Gas

Cooling None

Fireplaces Type None

Fireplace No

Exterior

Fence None

Pool None

Community Features Suburban

View Y/N No

View None

Roof Type Flat

Total Parking Spaces 12

Private Pool No

Building

Lot Description Sprinklers None

Others

Senior Community No

Tax ID 075062002

Energy Description 2795.0

Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange

Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange

Special Listing Condition Standard

Listed by Steven Golis • Radius Group Commercial RE • sgolis@radiusgroup.com

The Wilkas Group - Lenore & Alexander Wilkas

Real Estate Advisors | License ID: 01343201 & 01355442

+1(760) 407-2100

Lenore Wilkas

6575 Segovia RD Isla Vista, CA 93117

Key Details

Location

Interior

Exterior

Building

Others

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6575 Segovia RD