0 Isla Vista Porfolio Isla Vista CA 93117 | SC22228674

0 Isla Vista Porfolio
Isla Vista, CA, 93117
$15,250,000
Beds
0 Baths
0 SqFt
0.56 Acres
Hayes Commercial Group and Lineage Asset Advisors, Inc. are pleased to present for sale this generational student housing portfolio located in the premium student housing market of Isla Vista. With the beach and campus both just a few blocks away, this portfolio offers outstanding investment fundamentals and the very best of the coastal college lifestyle. The offering is a 4-property portfolio consisting of 28 residential units and 3 commercial units. A majority of the units have been remodeled with tile floors, new or refurbished cabinets, and granite countertops. Current owner has made capital improvements to the buildings including plumbing, electrical, roof, and exterior. • 6509 Sabado Tarde – An 18-unit apartment property (sixteen studios and two 3 bed + 2 bath units) located directly across the street from the UCSB campus. The building and units have been upgraded and include balconies and many with ocean views. Tuck under parking and laundry facility are included as well. • 6528 Sabado Tarde – A 4-unit apartment property (four 2 bed + 2 bath units) located 1 block from UCSB campus and next to The Loop. The building and units have been upgraded and include porches. This property is contiguous to 6529 Trigo which is another 4-unit mixed-use property being offered for sale as part of this portfolio. • 6529 Trigo – A 7-unit mixed-use property (three studios and 3 ground floor commercial units) located 1 block from UCSB campus and along The Loop. The building and units have been upgraded. This property is contiguous to 6528 Sabado Tarde which is another 4-unit property being offered for sale as part of this portfolio. • 6712 Del Playa – A duplex (two 2 bed + 1 bath units) located on the coveted Del Playa Drive across the street from the bluffs and with ocean views. Unique mahogany wood interior updates and a large parcel with an entertainer’s backyard. Isla Vista is a high-demand student community adjacent to UCSB with very high barriers to entry for new development, rental vacancy at or around 2%, and exceptional upside. This is a portfolio sale so all properties must be sold together.

Property Details

Price:
$15,250,000
MLS #:
SC22228674
Status:
Active
Address:
0 Isla Vista Porfolio
Type:
Residential Income
City:
Isla Vista
Listed Date:
Oct 24, 2022
State:
CA
ZIP:
93117
Lot Size:
24,391 sqft / 0.56 acres (approx)
Year Built:
1960
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Full-time Real Estate Broker, sold 1100+ Properties in SLO and SBC County. 38 years of local real estate knowledge and experience. I understand each sale is about you and your goals. I know as we get older, we don’t have time to make up for any mistakes especially when it comes to one the most significant investments. I care about my clients and work very hard to share my knowledge and protect you along the way. I place the appropriate verbiage in the listing and listing agreement depending …

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