6575 Segovia Rd Goleta, CA 93117
About This Home
As of February 20256575 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. Located in the heart of Isla Vista, this property is ideally situated to meet the housing needs of UCSB and SBCC students, offering convenient access to campus facilities and local amenities. With its robust rental income, strategic location, and significant growth potential, 6575 Segovia Rd is an excellent addition to any investment portfolio. Seize this opportunity to invest in one of Isla Vista's prime multifamily properties, designed for student living and positioned for substantial returns with additional rental upside. Please contact to schedule a tour.
Last Agent to Sell the Property
Colliers International Greater Los Angeles, Inc. License #01970736
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1964
Parking
- 12 Parking Spaces
- 12 Carport Spaces
Schools
- Isla Vista Elementary School
- Gol Valley Middle School
- Dos Pueblos High School
Listing and Financial Details
- Assessor Parcel Number 075-062-002
Community Details
Overview
- 12 Units
Building Details
- Insurance Expense $6,509
- Operating Expense $106,771
- Gross Income $274,920
- Net Operating Income $169,261
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/19/2025 02/19/25 | Sold | $3,700,000 | -3.3% | -- |
| 01/22/2025 01/22/25 | Pending | -- | -- | -- |
| 01/13/2025 01/13/25 | Price Changed | $3,825,000 | -3.8% | -- |
| 12/03/2024 12/03/24 | For Sale | $3,975,000 | 0.0% | -- |
| 09/13/2024 09/13/24 | Pending | -- | -- | -- |
| 08/19/2024 08/19/24 | For Sale | $3,975,000 | -- | -- |
Source: Santa Barbara Multiple Listing Service
MLS Number: 24-2728
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
This information is being provided for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties that you may be interested in purchasing. Data relating to real estate for sale on this Website comes from the Internet Data Exchange Program of the Santa Barbara Multiple Listing Service. All information is deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither the Santa Barbara Multiple Listing Service nor the listing broker(s) shall be responsible for any typographical errors, misinformation, or misprints.
Copyright 2025 Santa Barbara Multiple Listing Service. All rights reserved.
- 6587 Cervantes Rd
- 6597 Trigo Rd
- 6714 Pasado Rd
- 6724 Pasado Rd
- 6745-6747 Del Playa Dr
- 562 Poppyfield Place
- 582 Poppyfield Place
- 516 Mills Way
- 588 Mills Way
- 321 Pacific Oaks Rd
- 26 Amador Ave
- 409 Ellwood Beach Dr Unit B
- 7368 Hollister Ave Unit 63
- 7 Baker Ln
- 7465 Hollister Ave Unit Condo Unit 429
- 7465 Hollister Ave Unit 329
- 7465 Hollister Ave Unit Condo Unit 130
- 7465 Hollister Ave Unit Condo Unit 324
- 20 Baker Ln
- 7465 Hollister Ave Unit 315