Rare opportunity to own investment/income property in the premium student housing market of Isla Vista, Santa Barbara. This property consist of 3 Units - Unit (A) (2 Bed/2 Bath) - Unit (B) (2 Bed/2 Bath) - Unit (C) (Studio) This property features 6 uncovered driveway parking spaces, a shared front patio area and community Coin-Op laundry room in the building. Located a few blocks from UCSB, the beach and restaurants/shops this property is a highly desirable - never vacant rental in the heart of Isla Vista. In addition, there's a significant potential upside in the future as the current rental amounts are below market. Please do not disturb tenants.Scheduled Monthly Income (July 1st, 2024 -June 30th, 2025)UnitA - $3, 160.00 (4 tenants)UnitB - $3, 160.00 (4 tenants)UnitC - $2, 000.00 (2 tenants)Total- $8, 320.00
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The average household income in
Isla Vista, CA
grew
from
$22,304
to
$23,541
in the past year. This data is an estimate based upon
5,134
households in
Isla Vista, CA. The chart below presents how household income is distributed in
Isla Vista, CA
in comparison to the revenue allocation amid households nationally.
Property Taxes
Average range: $3k+
One of the most important aspects for property owners is the amount of property taxes. This graph shows
distribution of property taxes in
Isla Vista, CA
compared to median property taxes around the country. The prevalent amount of property taxes in
Isla Vista, CA
equals
$3k+
, which is
more
than the national average.