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Isla Vista Portfolio
Goleta, CA Isla Vista

$16,250,000 USD

Portfolio For Sale  •  12,757 SF

2 Properties View all

Property Details

• Property Type Unknown

0 Transit Score

75 Walk Score

Highlights

22 Stabilized, Fully Renovated Units – 48 beds generating ~$950K annual gross income, 100% leased through the 2025/26 school year.

27-Unit Entitled Development Site – Approved four-story podium project with 24 one-bedrooms and 3 two-bedrooms, projected to deliver $1M+ NOI

Premier Isla Vista Location – Just 2 blocks from UCSB and walking distance to the beach in a near-zero vacancy, high-demand rental market.

Turnkey Operations – Comprehensive 2023 renovations including new systems, kitchens, baths, and in-unit laundry.

Risk Mitigation – In-place cash flow offsets carrying costs during entitlement-to-construction timeline.

Public Transportation

Commuter Rail	Drive	Walk	Distance
Goleta Amtrak (Pacific Surfliner - Amtrak)	6 min	-	2.6 mi
Airport	Drive	Walk	Distance
Santa Barbara Municipal	18 min	-	4.0 mi