This student housing investment property features (2) 3-bedroom/2-bathroom units and (1) efficiency unit, with 2 additional units in the final stages of approval, 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.
*Efficiency unit not included in total unit count.
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