Situated in the highly sought-after rental market of Isla Vista, the Turn-Key Duplex on Sabado Tarde offers an exceptional student housing opportunity. Located just moments from the prestigious University of California, Santa Barbara (UCSB), this meticulously remodeled 2-unit property presents a rare 5.2% cap rate based on current rents. The property features coveted amenities including off-street parking, a fenced backyard, and the potential for an Accessory Dwelling Unit (ADU) on its 4,791 SF parcel. Property is constantly leased at top market rents due to the renovated kitchens and bathrooms, alongside convenient in unit laundry machines and well-designed living spaces.
This incredible investment opportunity is listed at a 6% cap rate! Discover the ultimate student living experience with this exceptional duplex for sale. Nestled in a prime location, this property offers breathtaking ocean views, creating an inspiring environment for academic pursuits. With modern amenities and interiors, this student housing duplex is an investment opportunity that is newly built and easy to maintain.
6% Cap Rate on current rents with 30% expenses and accounting for a 7% management fee. Centrally located between the University of Santa Barbara and the popular Sands Beach. The houses feature ten (10) bedrooms and six (6) full bathrooms total, a large front yard, and ample parking. All three houses have new roofs and windows throughout. The original structure consists of the two houses sitting in the back of the lot while the new house in the front was added as an ADU in September 2023. Current rent income totals $22,920/month and the property is completely pre-lease for the 24- 25 school year.
Rare opportunity to acquire two (2) adjacent student housing investment properties at UCSB (University of California Santa Barbara) on the prime Del Playa Drive in Isla Vista, CA. Unobstructed ocean views and unrivalled location within walking distance to the university, Camino Del Sur beaches, and center of town's best restaurants and nightlife. Recently renovated with updated flooring, kitchens, and bathrooms throughout. Both 6-bedroom, 14-bed properties have been 100% occupied for over 20+ years due to strong demand and virtually no new supply in the market while university enrollment continues to grow to all-time highs. These homes pre-lease well in advance and are already rented for th
Wonderfully maintained student housing asset in the heart of Isla Vista consisting of ten 1-bedroom apartments. Units feature laminate flooring, newer windows and most of the units have updated kitchen cabinetry, backsplash and countertops. Two units have beencompletely remodeled by the current ownership. Downstairs units have large enclosed patios while upstairs units offer wood beamed ceilings. Exterior of building has recently received fresh paint and landscaping. Roof was replaced in 2010 & has another 8-12 years remaining of life expectancy. Tenants enjoy the convenience of a private 12-space parking lot & on-site coin operated laundry. This asset is just a short walk to th
Stunning View/ Oceanfront! - Del Playa Drive Investment Opportunity! This Oceanside 3-Unit Multi-Family Income Property consist of a two-bed/two bath unit, a three-bed/2 bath unit and a converted garage studio unit. This property offers Amazing Ocean/Island views, is always in high demand and is never vacant. Please do not disturb tenants. Scheduled Gross Rental Income - (2024-2025)Unit #1 - $2,000.00Unit #2 - $4,000.00Unit #3 - $5,600.00Total - $11,600 Month
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Isla Vista, California boasts a well-developed transportation system with a variety of options for residents. The area is served by a comprehensive public transportation network, including buses that provide convenient access to various parts of the region. While traffic levels for driving can be moderate to high during peak hours, many locals find commuting by car a practical choice. Additionally, Isla Vista is strategically located near major highways, offering easy connectivity to other parts of California.
What types of properties are available in Isla Vista?
Isla Vista, California offers a variety of single-family home types, including ranch-style homes, contemporary homes, and modern homes. These homes can be found throughout Isla Vista, California, providing residents with a range of options to choose from. Most properties feature two to four bedrooms and were built in various years. To explore different property types for sale in Isla Vista, California, use the 'Home type' filter located above the active listings. Customize your search by selecting options like single-family homes, condos, townhomes, and more.
What is life like in Isla Vista?
Isla Vista, California offers a unique living experience with its coastal landscape and vibrant atmosphere. The region boasts a pleasant Mediterranean climate, characterized by mild winters and warm summers. Job opportunities are diverse, with a range of industries such as technology, hospitality, and retail. Residents can engage in a variety of activities, including outdoor sports, cultural events, and exploring local eateries. Isla Vista also provides a close-knit community where residents can connect and engage with one another.
What are the schools and amenities like in Isla Vista?
Isla Vista, California provides a variety of public amenities to its residents. You can enjoy a meal at one of the numerous restaurants available throughout the town. For those who prefer outdoor activities, the region boasts several parks. Shopping for daily essentials is convenient with a selection of grocery stores in the area. Additionally, Isla Vista offers other amenities such as libraries, fitness centers, and more, catering to a wide range of interests and needs.
In the past month, 1 home has been sold in Isla Vista. In addition to houses in Isla Vista, there were also 0 condos, 0 townhouses, and 6 multi-family units for sale in Isla Vista last month. Isla Vista is a moderately walkable city in Santa Barbara County with a Walk Score of 60. Isla Vista is home to approximately 22,273 people and 4,911 jobs. Find your dream home in Isla Vista using the tools above. Use filters to narrow your search by price, square feet, beds, and baths to find homes that fit your criteria. Our top-rated real estate agents in Isla Vista are local experts and are ready to answer your questions about properties, neighborhoods, schools, and the newest listings for sale in Isla Vista. Our Isla Vista real estate stats and trends will give you more information about home buying and selling trends in Isla Vista. If you're looking to sell your home in the Isla Vista area, our listing agents can help you get the best price. Redfin is redefining real estate and the home buying process in Isla Vista with industry-leading technology, full-service agents, and lower fees that provide a better value for Redfin buyers and sellers.