6575 Segovia Rd - Apartments FOR SALE


Goleta, CA 93117- Isla Vista
$3,975,000 USD
805-680-8806
6575 Segovia Rd, Goleta, CA for Sale
$3,975,000 USD
Apartments - FOR SALE
1/14
null | 4.22% Cap Rate

6575 Segovia Rd
Goleta, CA 93117
Isla Vista


HIGHLIGHTS

  • Walking distance to campus of University of California, Santa Barbara

OVERVIEW

6575 Segovia Rd is an outstanding Multifamily investment opportunity in the vibrant and dynamic community of Isla Vista. Built in 1964, the property 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.

FOR SALE DETAILS

PRICE

$3,975,000 USD

PRICE/SF

$429 USD /SF

# OF UNITS

12

PRICE/UNIT

$331,250

CAP RATE

4.22%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Multifamily Asset Near UCSB Campus

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1964

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,197 SF

ZONING

SR-H-20

APN/PARCEL ID

075-062-002

ASK ABOUT THIS PROPERTY

Mike LopusRadius Commercial Real EstateMore Info
805-680-8806

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Mike LopusRadius Commercial Real EstateMore Info
805-680-8806

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.