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 – $2,000.00 (2 tenants)Total – $8,320.00
Lechavarria@onthegorealestate.com