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.
Multi-familyProperty Type
1964Year Built
12 spacesParking
Listed by Michael Lopus•DRE #01970736• Radius Group Commercial R.E.
Listed by Steven Golis•DRE #00772218• Radius Group Commercial R.E.
Bought with Austin Herlihy•DRE #01518112• Radius Group Commercial R.E.
Bought with Chris Parker• Radius Group Commercial R.E.
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.
NSBCRMLS #24001640
Feb 19, 2025
Sold
$3,700,000
Jan 24, 2025
Pending
—
Jan 13, 2025
Price Changed
$3,825,000
Dec 2, 2024
Relisted
—
Sep 13, 2024
Pending
—
Aug 19, 2024
Listed
$3,975,000
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.
SBMLS #24-2728
Feb 19, 2025
Sold
$3,700,000
Jan 24, 2025
Pending
—
Jan 13, 2025
Price Changed
$3,825,000
Dec 2, 2024
Relisted
—
Sep 13, 2024
Pending
—
Aug 19, 2024
Listed
$3,975,000
Year
Property tax
Land + Additions
Assessment*
2026
$48,863 (−6.3%)
$1,734,000 + $2,040,000
$3,774,000
2025
$52,163 (+4.2%)
$1,734,000 + $2,040,000
$3,774,000
2024
$50,083 (+461.4%)
$1,555,500 + $2,626,500
$4,182,000
2023
$8,920 (+8.3%)
$1,525,000 + $2,575,000
$4,100,000
2022
$8,234 (+1.5%)
$62,656 + $208,530
$271,186
2021
$8,114 (+1.3%)
$61,428 + $204,442
$265,870
2020
$8,010 (+1.0%)
$60,224 + $200,434
$260,658
2019
$7,934 (+1.0%)
$59,607 + $198,379
$257,986
2018
$7,853 (+4.4%)
$58,439 + $194,490
$252,929
2017
$7,523 (+9.9%)
$56,171 + $186,939
$243,110
2016
$6,842 (+0.9%)
$56,171 + $186,939
$243,110
2015
$6,784 (+2.9%)
$55,070 + $183,274
$238,344
2014
$6,596 (+3.9%)
$53,181 + $176,986
$230,167
2013
$6,351 (+4.1%)
$53,181 + $176,986
$230,167
2012
$6,102 (+1.2%)
$52,941 + $176,187
$229,128
2011
$6,031 (+1.2%)
$51,903 + $172,733
$224,636
2009
$5,961 (+0.7%)
$50,506 + $168,082
$218,588
2008
$5,917
$49,634 + $165,179
$214,813
Tax history for 6575 Segovia Rd
Year
Property tax
Land + Additions
Assessment*
2026
$48,863 (−6.3%)
$1,734,000 + $2,040,000
$3,774,000
2025
$52,163 (+4.2%)
$1,734,000 + $2,040,000
$3,774,000
2024
$50,083 (+461.4%)
$1,555,500 + $2,626,500
$4,182,000
2023
$8,920 (+8.3%)
$1,525,000 + $2,575,000
$4,100,000
2022
$8,234 (+1.5%)
$62,656 + $208,530
$271,186
2021
$8,114 (+1.3%)
$61,428 + $204,442
$265,870
2020
$8,010 (+1.0%)
$60,224 + $200,434
$260,658
2019
$7,934 (+1.0%)
$59,607 + $198,379
$257,986
2018
$7,853 (+4.4%)
$58,439 + $194,490
$252,929
2017
$7,523 (+9.9%)
$56,171 + $186,939
$243,110
2016
$6,842 (+0.9%)
$56,171 + $186,939
$243,110
2015
$6,784 (+2.9%)
$55,070 + $183,274
$238,344
2014
$6,596 (+3.9%)
$53,181 + $176,986
$230,167
2013
$6,351 (+4.1%)
$53,181 + $176,986
$230,167
2012
$6,102 (+1.2%)
$52,941 + $176,187
$229,128
2011
$6,031 (+1.2%)
$51,903 + $172,733
$224,636
2009
$5,961 (+0.7%)
$50,506 + $168,082
$218,588
2008
$5,917
$49,634 + $165,179
$214,813
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Beds
—
Baths
—
Stories
—
Lot width
—
Lot depth
—
Lot size
0.28 Acres
Year renovated
—
Sq. Ft.
—
Year built
—
Style
Multi-Family (5+ Unit)
County
Santa Barbara County
APN
075062002
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Nov 10, 2026.
SR-H-20
D
High Density Student Residential Zone
The purpose of this district is to provide for residential development which is unique to a student-oriented community. The intent is to provide for multiple residential development at moderate densities to mitigate potential adverse impacts on traffic, parking, open space, aesthetics, health, and safety and to encourage the combining of substandard lots to allow for a more efficient utilization of space. The provision of affordable housing within this district shall be encouraged.
Zone overlays
Design Control Overlay Zone
Permitted uses
Include but are not limited to:
Housing-Single unit
Housing-Multiple units
Housing-Other
Property details
Parking
Parking Information
# of Carport Spaces: 12
Interior
Unit 1 Information
# of Units: 12
# of Bedrooms: 1
# of Baths (Total): 1
Rent: $22,910
Monthly Total: $22,910
Furnished: N
Multi-Unit Information
# Of Units (Total): 12
Exterior
Lot Information
Zoning: Other
Location
School Information
Elementary School: Isla Vista
Middle Or Junior School: Gol Valley
High School: Dos Pueblos
Location Information
Cross Street: Embarcadero Del Mar
Public facts
Beds: —
Baths: —
Sq. Ft.: —
Stories: —
Lot Size: 0.28 acres
Style: Multi-Family (5+ Unit)
Year Built: —
Year Renovated: —
County: Santa Barbara County
APN: 075062002
Home facts updated by county records on Nov 10, 2026
Around this home
Schools
K - 12
Preschool & daycare
Isla Vista Elementary School
Public K-6 • Assigned • 0.7mi
8/10
Goleta Valley Junior High School
Public 7-8 • Assigned • 2.8mi
6/10
Dos Pueblos Senior High School
Public 9-12 • Assigned • 2.0mi
9/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
2/10 Fire Factor
0.00% chance of being in a wildfire in next 30 years
5/10 Heat Factor
7 days above 83° expected this year, 19 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
6/10 Air Factor
10 unhealthy days expected this year, 10 days in 30 years
Provided by First Street
Historical weather
Goleta, CA • 93117
Average low and high temperatures (°F)
66
47
67
49
67
52
67
51
69
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69
56
74
59
74
58
74
61
72
54
65
50
65
49
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9.9 hours in
June and 5.6 hours in December, placing it above the
U.S. average for solar exposure.