Multifamily Asset Near UCSB Campus | 6575 Segovia Rd
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Multifamily Asset Near UCSB Campus 6575 Segovia Rd
12 Unit Apartment Building $3,975,000 ($331,250/Unit) 4.22% Cap Rate Goleta, CA 93117
Investment Highlights
- Walking distance to campus of University of California, Santa Barbara
Executive Summary
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.
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.
Property Facts
| Price | $3,975,000 | Apartment Style | Low Rise |
| Price Per Unit | $331,250 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.28 AC |
| Cap Rate | 4.22% | Building Size | 9,260 SF |
| Gross Rent Multiplier | 14.12 | Average Occupancy | 100% |
| No. Units | 12 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1964 |
| Property Subtype | Apartment | Parking Ratio | 1.3/1,000 SF |
| Price | $3,975,000 |
| Price Per Unit | $331,250 |
| Sale Type | Investment |
| Cap Rate | 4.22% |
| Gross Rent Multiplier | 14.12 |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.28 AC |
| Building Size | 9,260 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1964 |
| Parking Ratio | 1.3/1,000 SF |
Unit Amenities
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Smoke Free
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 12 | - | 651 |
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Walk Score ®
Very Walkable (79)
Bike Score ®
Biker's Paradise (100)
PROPERTY TAXES
| Parcel Number | 075-062-002 | Improvements Assessment | $212,130 |
| Land Assessment | $62,656 | Total Assessment | $274,786 |
PROPERTY TAXES
Parcel Number
075-062-002
Land Assessment
$62,656
Improvements Assessment
$212,130
Total Assessment
$274,786
zoning
| Zoning Code | SR-H-20 |
| SR-H-20 |
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Multifamily Asset Near UCSB Campus | 6575 Segovia Rd
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