We are pleased to present this opportunity in the premium student housing market of Isla Vista, Santa Barbara. Located less than 1 mile from UCSB's main campus and the beach just around the corner, this is an outstanding investment and highly desirable rental for the college lifestyle. The property consists of three (3) units on a lot totaling 9,147 sq. ft. including ample parking, entertainer's yard and a large view deck. Two (2) out of three (3) units have upgraded kitchens. Current rent income totals $17,700/month with leases ending in June 2024. All three units have been pre-leased for the 2024-2025 school year as well and rents will total $19,450/month which results in a 5.31% cap rate.
Multi-familyProperty Type
9,147 sq ftLot Size
$785Price/Sq.Ft.
9 spacesParking
Listed by Amine Chebouli•DRE #02224613• Link Brokerages,Inc.
Listed by Robert Hambleton•DRE #01858350• Radius Group Commercial R.E.
Bought with Brian Bailey•DRE #00680927• Central Coast Investments
Bought with Amine Chebouli•DRE #02224613• Link Brokerages,Inc.
COURT CONFIRMATION & OVERBID: ACCEPTED OFFER:$300,000 PLUS CLOSING COSTS.MINIMUM OVERBID:$315,500 PLUS CLOSING COSTS. COURT DATE:SEPT.29, 1997 AT 8:30 AM-S.B.COUNTY COURTHOUSE OVERBID MUST BE CONTINGENCY FREE & ACCOMPANIED BY CASHIERS CHECK FOR $31,550 PAYABLE TO ''ESTATE OF TAPAN KUMAR CHATTERJEE''.PROPERTY SOLD ''AS-IS''.CALL AGENT FOR BID FORMS.
As the MLS and public records start to fill up, we'll list the details here.
Public record
Public record
Zoning
Beds
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Lot depth
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Lot size
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Year renovated
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Sq. Ft.
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Year built
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Style
Multi-Family (2-4 Unit)
County
Santa Barbara County
APN
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Basement
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Last updated by owner on Sep 15, 2024.
SR-M-18
D
Medium Density Student Residential District
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 combining substandard lots to allow for a more efficient utilization of space.
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
Parking Features: Uncovered
Interior
Interior Features
Laundry Features: Laundry Room
Flooring: Vinyl, Tile
Unit 1 Information
# of Units: 1
# of Bedrooms: 4
# of Baths (Total): 2
Rent: $6,500
Monthly Total: $6,500
Lease: Yes
Furnished: N
Unit 2 Information
# of Units: 1
# of Bedrooms: 2
# of Baths (Total): 1
Rent: $4,200
Monthly Total: $4,200
Lease: Yes
Furnished: N
Unit 3 Information
# of Units: 1
# of Bedrooms: 5
# of Baths (Full): 2
Rent: $7,000
Monthly Total: $7,000
Lease: Yes
Furnished: N
Multi-Unit Information
# Of Units (Total): 3
Exterior
Lot Information
Zoning: SR
Utilities
Heating & Cooling
Heating Available: Yes
Heating: Other
Location
School Information
Elementary School: Isla Vista
Middle Or Junior School: Gol Valley
High School: Dos Pueblos
Location Information
Cross Street: Camino Del Sur
Public facts
Beds: —
Baths: —
Sq. Ft.: —
Stories: —
Lot Size: —
Style: Multi-Family (2-4 Unit)
Year Built: —
Year Renovated: —
County: Santa Barbara County
APN: —
Home facts updated by county records on Sep 15, 2024
Around this home
Schools
Isla Vista Elementary School
Public K-6 • Assigned • 0.6mi
8/10
Goleta Valley Junior High School
Public 7-8 • Assigned • 3.0mi
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
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
5/10 Heat Factor
7 days above 83° expected this year, 20 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)
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55
65
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49
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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.
9.9 hrs
5.6 hrs
JuneDecember
Provided by Shadowmap
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