6528 Sabado Tarde, Isla Vista, CA 93117
Bedrooms: 0
Bathrooms: 0
Area: 0 SqFt.
This mixed-use offering is in the premium student housing market and college business district of Isla Vista. With the main UCSB campus within a block and the beach just a few blocks away, this offering provides outstanding investment fundamentals and the very best of the coastal college lifestyle. The offering consists of two adjoining parcels less than a block from the UCSB campus and next to The Loop. 6529 Trigo Road is a mixed-use property comprising 7 units (4 residential studios and 3 ground floor commercial units). 6528 Sabado Tarde is a 4-unit apartment (all 2 bed + 2 bath units). The majority of the units have been remodeled with tile floors, new or refurbished cabinets, and granite countertops. The current owner has maintained the properties well with capital upgrades to the plumbing, electrical, roof, and exterior. The properties are part of a four-property student housing portfolio that is also for sale, consisting of 28 residential units and 3 commercial units. The assets are in the heart of Isla Vista, the high-demand student community adjacent to UCSB, with very high barriers to entry for new development, rental vacancy of around 2%, and exceptional upside. UCSB is a top-tier university of approximately 25,000 students, ranked #7 among public universities in US News & World Report (2023) with a 29% freshman acceptance rate in 2022. PARKING: 9 Uncovered ZONING: C-2 & SR-H-20 PRICE: $5,000,000 ($454,545 per unit) CURRENT CAP RATE & GRM: 4.68% | 14.14 PROFORMA CAP RATE & GRM: 5.47% | 12.61 PARCEL NUMBER (APN): 075-173-035 & 075-173-036 BUILDING SIZE: 7,851 SF LOT SIZE: 9,582 SF | 0.22 Acres UNITS: 11 Units total: • 6529 Trigo Road is 3 Commercial Units & 4 Studios • 6528 Sabado Tarde Road is 4x2BD/2BA AVERAGE UNIT SIZE: Residential 666 SF, Commercial 841 SF
CA DRE #01870580
6965 El Camino Real 105-690, Carlsbad CA 92009
877.692.8427
This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by Sandicor®. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2017 Sandicor®, Inc.
© Copyright 2023 Lincoln Realty Group. Powered by
One fine body…