6575 Segovia Road, Isla Vista, CA 93117
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6575 Segovia Road, Isla Vista, CA 93117
6575 Segovia Road, Isla Vista, CA 93117
6575 Segovia Road, Isla Vista, CA 93117
6575 Segovia Road, Isla Vista, CA 93117

$3,700,000

Est. payment /mo

$3,825,000

3.3%
Est.Price: ?

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6575 Segovia Road Isla Vista, CA 93117

1 Bed

1 Bath

SOLD DATE : 02/19/2025

Key Details

Sold Price $3,700,000

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Sold

Purchase Type For Sale

MLS Listing ID V1-25299

Sold Date 02/19/25

Bedrooms 1

Property Sub-Type Res Income 2-4 Units

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

Zoning Public Rec

Interior

Fireplace No

Exterior

View Y/N No

Others

Senior Community No

Tax ID 075062002

Acceptable Financing Cash, Conventional, Exchange

Listing Terms Cash, Conventional, Exchange

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MLS Router / San Diego MLS
Listed by Steven Golis, DRE#00772218 Radius Group Commercial RE 
Bought with Non Member San Diego

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