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$ 2,425,000
Est. payment | /mo
7 Beds
5 Baths
1,340 SqFt
$ 2,425,000
Est. payment | /mo
7 Beds
5 Baths
1,340 SqFt
Key Details
Property Type Single Family Home
Sub Type Home/Estate
Listing Status Pending
Purchase Type For Sale
Square Footage 1,340 sqft
Price per Sqft $1,809
MLS Listing ID 26-824
Style Bungalow
Bedrooms 7
Full Baths 5
Year Built 1960
Property Sub-Type Home/Estate
Source Santa Barbara Multiple Listing Service
Property Description
This student housing investment property features a 4-bedroom, 2-bathroom home and a brand-new detached 3-bedroom, 3-bathroom ADU, offering an attractive unit mix and strong rental performance. The property is fully leased through 2027 and projects a 6.24 cap rate for the 2026-2027 school year.
The main residence features wood floors and pitched ceilings, while palm tree-filled yards create a relaxed coastal setting for tenants. Located on the outskirts of Isla Vista, the property offers added privacy while remaining just minutes from UC Santa Barbara, shops, and local beaches.
The main residence features wood floors and pitched ceilings, while palm tree-filled yards create a relaxed coastal setting for tenants. Located on the outskirts of Isla Vista, the property offers added privacy while remaining just minutes from UC Santa Barbara, shops, and local beaches.
Location
State CA
County Santa Barbara
Community Other
Interior
Laundry Laundry Room
Building
Lot Description Near Public Transit
Architectural Style Bungalow
Others
Tax ID 075-081-014
Acceptable Financing Conventional, Cash, 1031 Exchange
Listing Terms Conventional, Cash, 1031 Exchange
Listed by Radius Group Commercial R.E.
Schools and Properties Nearby
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