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$ 1,750,000
Est. payment | /mo
5 Beds
4,791 Sqft Lot
$ 1,750,000
Est. payment | /mo
5 Beds
4,791 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRV1-23998
Bedrooms 5
HOA Y/N No
Year Built 1962
Lot Size 4,791 Sqft
Acres 0.11
Property Description
Rare opportunity to own investment/income property in the premium student housing market of Isla Vista, Santa Barbara. This property consist of 3 Units - Unit (A) (2 Bed/2 Bath) - Unit (B) (2 Bed/2 Bath) - Unit (C) (Studio) This property features 6 uncovered driveway parking spaces, a shared front patio area and community Coin-Op laundry room in the building. Located a few blocks from UCSB, the beach and restaurants/shops this property is a highly desirable - never vacant rental in the heart of Isla Vista. In addition, there's a significant potential upside in the future as the current rental amounts are below market. Please do not disturb tenants.Scheduled Monthly Income (July 1st, 2024 - June 30th, 2025)Unit A - $3,160.00 (4 tenants)Unit B - $3,160.00 (4 tenants)Unit C - $1,800.00 (2 tenants)Total - $8,120.00
Location
State CA
County Santa Barbara
Area Listing
Interior
Heating Wall Furnace
Cooling No Air Conditioning
Flooring Concrete, Laminate, Tile, Vinyl, Wood
Fireplace No
Appliance Gas Water Heater
Laundry Common Area, Inside, See Remarks
Exterior
Exterior Feature See Remarks
View Y/N false
View None
Total Parking Spaces 6
Building
Lot Description Other
New Construction No
Others
Tax ID 075152007
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Listed by Michael Andrade • Coastal Properties
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "