Sold
Last Sold Price
1 bed
6575 Segovia Rd, Isla Vista, CA 93117
Multi FamilyProperty Type
1964Year Built
12 carsParking Spaces

Description

6575 Segovia Rd. is an outstanding investment opportunity in the vibrant and dynamic community of Isla Vista. This multifamily property, built in 1964, is perfectly positioned within Isla Vista, offering huge upside potential for investors seeking to capitalize on the strong demand for student housing from UCSB and SBCC students. The building consists of 12 units, all featuring 1-bedroom and 1-bathroom layouts. Parking facilities include 12 enclosed parking spaces, generating $5,760 (24/25 school...6575 Segovia Rd. is an outstanding investment opportunity in the vibrant and dynamic community of Isla Vista. This multifamily property, built in 1964, is perfectly positioned within Isla Vista, offering huge upside potential for investors seeking to capitalize on the strong demand for student housing from UCSB and SBCC students. The building consists of 12 units, all featuring 1-bedroom and 1-bathroom layouts. Parking facilities include 12 enclosed parking spaces, generating $5,760 (24/25 school year) and $7,200 (25/26 school year) in annual parking income, adding further value to this investment. Each unit is designed to provide comfortable and efficient living spaces, ensuring high occupancy rates and low maintenance for property management.
  • Listed by: Michael Lopus DRE #20250409162020276501000000 • Radius Group Commercial R.E.
  • Listed by: Steven J Golis DRE #00772218 • Radius Group Commercial R.E.
Listing closed: 02/19/2025 12:00 AM • Source: Santa Barbara AOR, MLS#: 24-2728

Location

Listing Courtesy of Radius Group Commercial R.E., Michael Lopus, DRE #20250409162020276501000000; Radius Group Commercial R.E., Steven J Golis, DRE #00772218

Sold By Radius Group Commercial R.E., Austin Herlihy, DRE #20250424232013508587000000; Radius Group Commercial R.E., Chris Parker, DRE #20250424232013876724000000

Add your commute

Payment Calculator

$23,467 per month

30 year fixed, 6.71% Interest

Principal and Interest

$19,120

Property Taxes

$4,347

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 6575 Segovia Road

Property Details
  • MLS Type: Residential Income
  • Zoning: Other
  • Zoning:Other: Yes
  • Location Info:Cross Street: Embarcadero Del Mar
  • Property Information:Recurring Fees: No
Building Information
  • Residences: 12
  • Year Built: 1964
Details
Features
  • District: 30 - SB/GOL SOUTH
  • District: 30 - SB/GOL SOUTH
  • Roof: True
  • Heating: Natural Gas
  • View: None
  • Cooling: None
  • Common Walls: Detached/No Common Walls
  • Community Features: Suburban
  • Cooling: No
  • Fencing: None
  • Heating: Yes
  • Pool Features: None
  • Pool: No
  • Spa Features: None
  • Fireplace: No
  • Year Built Numeric: 1964
  • Building Area Total: 0.0
Taxes and HOA Information
  • Association: No
  • Parcel Number: 075-062-002
  • Association Fee: $.00
Condo/Co-op/PUD
  • CondoCO-OPPUD:Association Fee: $.00
Parking/Garage
  • Total # Carport Spaces: 12.00
  • Covered Spaces: 12.00
Miscellaneous
  • Miscellaneous:Parking Spaces: 12.00
Room Info
Room Info
  • Total Bathrooms: .00
  • Bathrooms Total (Decimal): .00
  • Bathrooms Total (Notational): .00
Location Info
Location Info
  • Directions: N/A
  • Location Info:Compass Map: Santa Barbara
  • Location Info:Map Grid: E12
  • Lot Features: Sprinklers None
Neighborhood/Schools
  • Elementary School: Isla Vista
  • Junior High School: Gol Valley
  • High School: Dos Pueblos
  • NeighborhoodSchools:Elementary School: Isla Vista
  • NeighborhoodSchools:Junior High School: Gol Valley
  • NeighborhoodSchools:High School: Dos Pueblos
Property / Assessor Information
Property / Assessor Info
  • Lot Size Square Feet: 0.0
  • Lot Size Area: 0.0
  • PropertyAttachedYN: No
  • Lot Size Acres: 0.0
  • Lot Size Units: Square Feet
  • Property Type Label: Res Inc
  • Senior Community YN: No
  • Property Information:Realtor.com Type: Multi-Family
  • Property Information:Year Built: 1964.0
Income / Expense Info
Income / Expense Info
  • Income/Expenses:Gross Rent Multiplr: 13.59
  • Income/Expenses:Capitalization Rate: 4.43
  • Income/Expenses:Insurance: $6,509
  • Income/Expenses:Trash Expense: $6,444
  • Income/Expenses:Total Annual Exp: $106,771.00
  • Income/Expenses:NOI: 169261
  • Income/Expenses:Total Monthly Income: $22,910
  • Income/Expenses:Annual Income: $274,920
  • Gross Income: $274,920
  • Insurance Expense: $6,509
  • Trash Expense: $6,444
  • OperatingExpense: $106,771
Unit Info
Unit Info
  • Number Of Units Total: 12
Unit 1 Info
  • Unit 1:# Units: 12
  • Unit 1:# Bedrooms: 1
  • Unit 1:# Baths: 1
  • Unit 1:# Half Baths: 0
  • Unit 1:Furnished: N
  • Unit 1:Rent: $22,910.00
  • Unit 1:Monthly Total: $22,910.00
Rental
Rental Information
  • Total Actual Rent: $22,910
  • Tenant Pays: Electricity, Gas

Property History for 6575 Segovia Road

DateEvent & SourcePriceAppreciation
Feb 19, 2025

Sold

CLAW #V1-25299VC

Feb 19, 2025

Sold

CRMLS #V1-25299

$3,700,000
Feb 19, 2025

Sold

VCF #V1-25299

$3,700,000
DateEvent & SourcePrice
02/19/2025

Sold

CLAW #V1-25299VC

02/19/2025

Sold

CRMLS #V1-25299

$3,700,000
02/19/2025

Sold

VCF #V1-25299

$3,700,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 6575 Segovia Road

Taxable ValueLand$1,734,000Additions$2,040,000Total$3,774,000
Tax Record2025$52,163 ($4,347 / month)
Home Facts
Lot Size12,197 SqFtStyleMulti-Family Res (5+ Units)ZoningSRH20CountySANTA BARBARAAPN075-062-002

Schools near 6575 Segovia Road

This home is within Goleta Union Elementary School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Charter - K to 8
Rating
School
Distance
Isla Vista Elementary School
PublicK to 6

Goleta Valley Junior High School
Public7 to 8

Dos Pueblos Senior High School
Public9 to 12

Santa Barbara Charter School
CharterK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Radius Group Commercial R.E., Michael Lopus, DRE #20250409162020276501000000; Radius Group Commercial R.E., Steven J Golis, DRE #00772218

Based on information from one of the following Multiple Listing Services: Santa Barbara MLS and North Santa Barbara County Regional MLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Santa Barbara MLS and North Santa Barbara County Regional MLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.