$4,275,000
SOLD OCT 31, 2024

6523 Trigo Rd Isla Vista, CA 93117

-- Bed
-- Bath
6,563 Sq Ft
8,712 Sq Ft Lot

Recently Sold

$651 Per Sq Ft

1% Above List Price

25 Days on Market

About This Home

As of October 2024

Introducing 6523 Trigo Rd, a prime investment opportunity nestled in the lively and sought-after community of Isla Vista. This multifamily property, built in 1967, is strategically located to serve the housing needs of UCSB and SBCC students, making it a highly attractive asset for investors.

Parking is well accommodated with six covered spaces and a total of 14 parking spots, generating substantial extra income. Located in the heart of Isla Vista, 6523 Trigo Rd is perfectly positioned to provide easy access to campus facilities and local amenities, making it a preferred choice for student housing. With its robust rental income, prime location, and significant upside potential, this property is an excellent addition to any investment portfolio.

Last Agent to Sell the Property

Mike Lopus

Colliers International Greater Los Angeles, Inc. License #01970736

Co-Listed By

Steve Golis

Radius Group Commercial R.E. License #00772218

Last Buyer's Agent

Ken Switzer

Berkshire Hathaway HomeServices California Properties License #01245644

Berkshire Hathaway HomeServices California Properties

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1967

Lot Details

  • 8,712 Sq Ft Lot

Parking

  • 14 Parking Spaces

Home Design

  • 6,563 Sq Ft Home

Schools

  • Isla Vista Elementary School
  • Gol Valley Middle School
  • Dos Pueblos High School

Listing and Financial Details

  • Assessor Parcel Number 075-173-032

Community Details

Overview

  • 8 Units

Building Details

  • New Taxes Expense $44,691
  • Operating Expense $115,149
  • Net Operating Income $198,407

Property Details

Home Type

Multi-Family

Year Built

Built in 1967

Lot Details

0

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1967
  • Capitalization Rate: 4.67
  • Gross Rent Multiplier: 13.29
  • Annual Expenses: 115149.0
  • Monthly Income: 39825.0
  • Miscellaneous Parking Spaces: 14.0
  • Co List Office Mls Id: rad
  • Co List Office Phone: 805-965-5500
  • Property Information Year Built2: 1967
  • NeighborhoodSchools Elementary School: Isla Vista
  • NeighborhoodSchools Junior High School: Gol Valley
  • NeighborhoodSchools High School: Dos Pueblos
  • Property Information Main House SqFt: 6563.0
  • Property Information Apx Lot SqFt: 8712.0
  • IncomeExpenses Taxes6: 44691.0
  • IncomeExpenses NOI2: 198407
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Acres: 0.2

Garage/Parking

  • Total Parking Spaces: 14.0

Schools

  • Elementary School: Isla Vista
  • High School: Dos Pueblos
  • Middle Or Junior School: Gol Valley

Lot Info

  • Parcel #: 075-173-032
  • Zoning: Other
  • Lot Size Sq Ft: 8712.0

Multi Family

  • Number Of Units Total: 8
  • Annual Operating Expense: 115149.0
  • Total Actual Rent: 39825.0

Map

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/31/2024 10/31/24 Sold $4,275,000 +0.6% $651 / Sq Ft
09/13/2024 09/13/24 Pending -- -- --
08/19/2024 08/19/24 For Sale $4,250,000 -- $648 / Sq Ft
Source: Santa Barbara Multiple Listing Service

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    Fully leased for 25/26 school year! Wonderfully maintained student housing asset in the heart of Isla Vista, and blocks from the University of California, Santa Barbara, consisting of ten 1 bedroom apartments. Units feature laminate flooring, new windows and updated kitchen cabinetry, backsplash and countertops. Downstairs units have large enclosed patios while upstairs units offer wood beamed

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Source: Santa Barbara Multiple Listing Service

MLS Number: 24-2727

Santa Barbara Multiple Listing Service

California Santa Barbara County Isla Vista 93117

6523 Trigo Rd, Isla Vista, CA

Homes for Sale in Isla Vista, CA

This home is located at 6523 Trigo Rd, Isla Vista, CA 93117 and is currently priced at $4,275,000, approximately $651 per square foot. This property was built in 1967. 6523 Trigo Rd is a home located in Santa Barbara County with nearby schools including Isla Vista Elementary School, Goleta Valley Junior High School, and Dos Pueblos Senior High School.

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