6575 Segovia Road

Isla Vista, CA 93117

$3,975,000
Price
1
Beds
1
Bath
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

6675 Segovia Rd is an outstanding investment opportunity in the vibrant and dynamic community of Isla Vista. This multifamily property, built in 1964, is perfectly positioned within Isla Vista, offering huge upside potential for investors seeking to capitalize on the strong demand for student housing from UCSB and SBCC students. The building consists of 12 units, all featuring 1-bedroom and 1-bathroom layouts. Parking facilities include 12 enclosed parking spaces, generating $5,760 in annual parking...6675 Segovia Rd is an outstanding investment opportunity in the vibrant and dynamic community of Isla Vista. This multifamily property, built in 1964, is perfectly positioned within Isla Vista, offering huge upside potential for investors seeking to capitalize on the strong demand for student housing from UCSB and SBCC students. The building consists of 12 units, all featuring 1-bedroom and 1-bathroom layouts. Parking facilities include 12 enclosed parking spaces, generating $5,760 in annual parking income, adding further value to this investment. Each unit is designed to provide comfortable and efficient living spaces, ensuring high occupancy rates and low maintenance for property management. Located in the heart of Isla Vista, this property is ideally situated for UCSB/SBCC students.
  1. Listed by Michael Lopus • DRE #01970736 • Radius Group Commercial R.E.
  2. Listed by Steven J Golis • DRE #00772218 • Radius Group Commercial R.E.

Property Details for 6575 Segovia Road

Zoning
Other
Zoning:Other
Yes
Location Info:Cross Street
Embarcadero Del Mar
Property Information:Recurring Fees
No
LISTING UPDATED: 12/02/2024 04:03 PM

Property Details for 6575 Segovia Road

StatusActive
MLS #24-2728
Days on Market42
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1964
Lot Size-
CountySanta Barbara County

Building Information for 6575 Segovia Road

Stories-Residences12Year Built1964Building Size-Lot Size-

Property Information for 6575 Segovia Road

Details
Features
  • District: 30 - SB/GOL SOUTH
  • District: 30 - SB/GOL SOUTH
  • Roof: True
  • Heating: Natural Gas
  • View: None
  • Cooling: None
  • Common Walls: Detached/No Common Walls
  • Community Features: Suburban
  • Cooling: No
  • Fencing: None
  • Heating: Yes
  • Pool Features: None
  • Pool: No
  • Spa Features: None
  • Fireplace: No
  • Year Built Numeric: 1964
  • Building Area Total: 0.0
Taxes and HOA Information
  • Association: No
  • Parcel Number: 075-062-002
  • Association Fee: $.00
Condo/Co-op/PUD
  • CondoCO-OPPUD:Association Fee: $.00
Miscellaneous
  • Miscellaneous:Parking Spaces: 12.00
Room Info
Room Info
  • Total Bathrooms: .00
  • Bathrooms Total (Decimal): .00
  • Bathrooms Total (Notational): .00
Location Info
Location Info
  • Directions: N/A
  • Location Info:Compass Map: Santa Barbara
  • Location Info:Map Grid: E12
  • Lot Features: Sprinklers None
Neighborhood/Schools
  • Elementary School: Isla Vista
  • Junior High School: Gol Valley
  • High School: Dos Pueblos
  • NeighborhoodSchools:Elementary School: Isla Vista
  • NeighborhoodSchools:Junior High School: Gol Valley
  • NeighborhoodSchools:High School: Dos Pueblos
Property / Assessor Information
Property / Assessor Info
  • Lot Size Square Feet: 0.0
  • Lot Size Area: 0.0
  • PropertyAttachedYN: No
  • Lot Size Acres: 0.0
  • Lot Size Units: Square Feet
  • Property Type Label: Res Inc
  • Senior Community YN: No
  • Property Information:Realtor.com Type: Multi-Family
  • Property Information:Year Built: 1964.0
Income / Expense Info
Income / Expense Info
  • Income/Expenses:Gross Rent Multiplr: 14.12
  • Income/Expenses:Capitalization Rate: 4.22
  • Income/Expenses:Insurance: $6,509
  • Income/Expenses:Trash Expense: $6,444
  • Income/Expenses:Total Annual Exp: $108,348.00
  • Income/Expenses:NOI: 167683
  • Income/Expenses:Total Monthly Income: $22,910
  • Income/Expenses:Annual Income: $274,920
  • Gross Income: $274,920
  • Insurance Expense: $6,509
  • Trash Expense: $6,444
  • OperatingExpense: $108,348
Unit Info
Unit Info
  • Number Of Units Total: 12
Unit 1 Info
  • Unit 1:# Units: 12
  • Unit 1:# Bedrooms: 1
  • Unit 1:# Baths: 1
  • Unit 1:# Half Baths: 0
  • Unit 1:Furnished: N
  • Unit 1:Rent: $22,910.00
  • Unit 1:Monthly Total: $22,910.00
Rental
Rental Information
  • Total Actual Rent: $22,910
  • Tenant Pays: Electricity, Gas

Property History for 6575 Segovia Road

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 6575 Segovia Road

Taxable ValueLand$1,525,000Additions$2,575,000Total$4,100,000
Tax Record2024$50,083 ($4,174 / month)
Home Facts
Lot Size12,196 SqFtStyleMulti-Family Res (5+ Units)CountySANTA BARBARAAPN075-062-002

Schools near 6575 Segovia Road

This home is within Goleta Union Elementary School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Charter - K to 8
Rating
School
Distance
Isla Vista Elementary School
PublicK to 6

Goleta Valley Junior High School
Public7 to 8

Dos Pueblos Senior High School
Public9 to 12

Santa Barbara Charter School
CharterK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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6575 Segovia Road is a multi-family home for sale in Isla Vista, CA 93117. This property was listed for sale on August 19, 2024 by Radius Group Commercial R.E., it's currently listed at $3,975,000. This listing's school districts are Goleta Union Elementary School District, Santa Barbara Unified School District. Nearby schools include Isla Vista Elementary School, Goleta Valley Junior High School and Dos Pueblos Senior High School. 6575 Segovia Road is a 1-bed, 1-bath, multi-family home built in 1964.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Radius Group Commercial R.E., Michael Lopus, DRE #01970736; Radius Group Commercial R.E., Steven J Golis, DRE #00772218

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