6657 Sueno Rd.
Located less than 1 mile from UCSB’s main campus and the beach just around the corner, makes this 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. 2 out of 3 units have upgraded kitchens. Current rent income totals $17,700 with leases ending in June 2024. Pre-leasing for 2024-2025 school year is currently in process and total rents are expected to increase to a total of $19,450 which will result in a 5 3/4 cap.
Multi-FamilyStudent Housing
948 Camino Del Sur
First time on the market since 1999, we are pleased to present a rare investment opportunity in the heart of Isla Vista, centrally located between the University of Santa Barbara and the popular Sands beach. The property consists of three (3) detached units on a lot totaling 10,018 sq. ft., conveniently positioned on the corner of Camino Del Sur & Pasado Road. Built in 1960, the buildings feature ten (10) bedrooms and six (6) full bathrooms, a large front yard, and ample parking. The original house consist of the two units sitting in the back of the lot while the new unit in the front was added as an ADU in September 2023. All three dwellings have new roofs and windows throughout. Current rent income totals $21,050 with leases ending in May/June 2024.
Pre-leasing for 2024-2025 school year is currently in process and total rents are expected to increase to $23,170 which will result in 5.4 cap.
Multi-FamilyStudent Housing
6721 Sabado Trade Rd.
This rarely available student housing Duplex is probably one of the best locations in Isla Vista, close to all amenities, beach entrance and school. The property has been meticulously cared for and is in great shape, staying leased from year to year. Please contact to schedule a tour.
Multi-Family
6597 Trigo Rd.
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 been completely 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 and has another 8-12 years remaining of life expectancy. Tenants enjoy the convenience of a private 12-space parking lot and on-site coin operated laundry. This asset is just a short walk to the beach and Isla Vista’s eateries while being only a block away from UCSB’s campus. This is the perfect opportunity to add student housing to your investment portfolio. Potential for Buyer to assume loan with bank’s consent. Contact Listing Agents for further details.
Multi-Family
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California Commercial Real Estate News Roundup 2023
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