Capital Expenditures Exceed $163,000 In 2026 + Approved Plans for (2) ADUs! This student housing investment property features (2) 3-bedroom/2-bathroom units and (1) efficiency unit, with approved plans for 2 additional units, offering a compelling value-add opportunity alongside strong in-place performance. The property is fully leased through 2027 and offers a 5.51% cap rate for the 2026-2027 school year. The main residence benefits from significant capital improvements completed in 2026, and the property includes an oversized parking lot, a rare amenity for Isla Vista tenants. Centrally located in Isla Vista, the property sits just minutes from UC Santa Barbara, shops, and local beaches.
Multi-familyProperty Type
1966Year Built
8,712 sq ftLot Size
$777Price/Sq.Ft.
Listed by Steven Golis•DRE #00772218• Radius Group Commercial R.E.
Bought with Steven Golis•DRE #00772218• Radius Group Commercial R.E.
Bought with Aneta Jensen•DRE #01994822• Radius Group Commercial R.E.
Great investment opportunity! Well maintained Duplex with 3 bedrooms & 2 baths in each unit. Separate laundry area and storage not included in sq.ft. Large, paved parking lot with 11 parking spaces. Adjacent to the park.
Year
Property tax
Land + Additions
Assessment*
2025
$3,378 (+8.0%)
$1,020,000 + $1,122,000
$2,142,000
2024
$3,127 (+7.4%)
$25,711 + $97,798
$123,509
2023
$2,910 (+5.1%)
$25,207 + $95,881
$121,088
2022
$2,769 (+2.2%)
$24,713 + $94,001
$118,714
2021
$2,710 (+1.8%)
$24,229 + $92,158
$116,387
2020
$2,663 (+1.3%)
$23,754 + $90,351
$114,105
2019
$2,628 (+1.4%)
$23,511 + $89,425
$112,936
2018
$2,590 (+3.2%)
$23,050 + $87,672
$110,722
2017
$2,511 (+9.7%)
$22,156 + $84,268
$106,424
2016
$2,289 (−2.4%)
$22,156 + $84,268
$106,424
2015
$2,346 (+0.7%)
$21,722 + $82,616
$104,338
2014
$2,330 (+2.0%)
$20,977 + $79,782
$100,759
2013
$2,284 (+3.8%)
$20,977 + $79,782
$100,759
2012
$2,201 (+1.5%)
$20,883 + $79,422
$100,305
2011
$2,168 (+1.6%)
$20,474 + $77,865
$98,339
2009
$2,133 (+1.4%)
$19,923 + $75,769
$95,692
2008
$2,103
$19,580 + $74,461
$94,041
Public record
Public record
Zoning
Beds
—
Baths
—
Stories
—
Lot width
—
Lot depth
—
Lot size
8,712 Sq. Ft.
Year renovated
—
Sq. Ft.
—
Year built
—
Style
Other
County
Santa Barbara County
APN
075092035
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 17, 2026.
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
Interior
Interior Features
Laundry Features: In Unit
Exterior
Property Information
Stories: 2
Property Condition: Excellent, Good
Lot Information
Zoning: R-3
Location
Unit 1 Information
# of Units: 1
# of Bedrooms: 3
# of Baths (Total): 2
Rent: $8,250
Monthly Total: $8,250
Unit 2 Information
# of Units: 1
# of Bedrooms: 3
# of Baths (Total): 2
Rent: $8,250
Monthly Total: $8,250
Unit 3 Information
# of Units: 1
# of Baths (Full): 1
Rent: $2,100
Monthly Total: $2,100
Multi-Unit Information
# Of Units (Total): 2
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: 8,712 square feet
Style: Other
Year Built: —
Year Renovated: —
County: Santa Barbara County
APN: 075092035
Home facts updated by county records on Aug 17, 2026
Around this home
69/100 Somewhat Walkable87/100 Very bikeable
Schools
Places
Transit
Isla Vista Elementary School
Public K-6 • Assigned • 0.5mi
8/10
Goleta Valley Junior High School
Public 7-8 • Assigned • 3.1mi
6/10
Dos Pueblos Senior High School
Public 9-12 • Assigned • 2.0mi
9/10
Provided by GreatSchools
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, 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)
66
47
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74
59
73
60
71
55
65
50
65
49
Jan
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May
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Sun exposure
Try the sun simulator tool to see how light moves across the property at different times of day and year.
Provided by Shadowmap
Estimated sale price
$2.54M – $3.07M
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