$2,795,000
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3,435 SqFt
SOLD DATE : 07/07/2026
Key Details
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
Square Footage 3,435 sqft
Price per Sqft $777
MLS Listing ID 26-1309
Sold Date 07/07/26
Year Built 1966
Lot Size 8,712 Sqft
Acres 0.2
Lot Dimensions 8712.0
Source Santa Barbara Multiple Listing Service
Property Description
Capital Expenditures Exceed $163,000 In 2026 + Approved Plans for (2) ADUs! This student housing investment property features (2) 3-bedroom/2-bathroom units and (1) efficiency unit, with approved plans for 2 additional units, 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.
Location
State CA
County Santa Barbara
Interior
Laundry In Unit
Building
New Construction No
Others
Tax ID 075-092-035
Acceptable Financing Conventional, Cash
Listing Terms Conventional, Cash
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