6523 Trigo Road, ISLA VISTA, CA 93117 (MLS# 24-2727)

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6523 Trigo Road, ISLA VISTA, CA 93117

$4,275,000

Property Type: Res Inc Square Footage: 6,563 Lot Size (sq. ft.): 8,712 Status: Closed

Current Price: $4,275,000 List Date: 8/19/2024 Last Modified: 4/09/2025

Overview

Description

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.

Listing Details MLS# 24-2727

Location Info

District: 30 - SB/GOL SOUTH
Street #: 6523
Street Name: Trigo
Street Suffix: Road
State: CA
Country: US
Postal Code: 93117
Compass Map: Santa Barbara
Map Grid: F13
County: Santa Barbara
Parcel Number: 075-173-032
Cross Street: Embarcadero del Nort

Contract Info

Price: 4250000
Begin Date: 2024-08-19

Status Information

Sold Date: 2024-10-31
Under Contract Date: 2024-09-13

Property Information

Number of Units: 8
Year Built: 1967
Main House SqFt: 6563
Apx Lot SqFt: 8712
Recurring Fees: No

Remarks

Hot Sheet Comment: new

Owner Info

Deposit: 3

More Information

Miscellaneous

Parking Spaces: 14

Unit 1

# Units: 6
# Bedrooms: 2
# Baths: 2
Furnished: N
Rent: 22190
Monthly Total: 22190
# Half Baths: 0

Unit 2

# Units: 2
# Bedrooms: Yes
# Baths: Yes
Rent: 3930

Neighborhood/Schools

Elementary School: Isla Vista
Junior High School: Gol Valley
High School: Dos Pueblos

Income/Expenses

Total Monthly Income: 39825
Gross Rent Multiplr: 13.29
Capitalization Rate: 4.67
Taxes: 44691
Total Annual Exp: 115149
NOI: 198407

Zoning

Other: Yes

Reports Available

Home Inspection: Yes
Pest Inspection: Yes
Prelim: Yes
Roof: Yes

Terms

Cash: Yes
Conventional: Yes
Ctel: Yes

Listing Type

EA: Yes

Property Features

Zoning: Other Reports Available: Home Inspection; Pest Inspection; Prelim; Roof Terms: Cash; Conventional; Ctel Listing Type: EA

Documents

Physical Inspection Report ›

Termite Inspection Report ›

Roof Inspection Report ›

SB-721 Report ›

Preliminary Title Report ›

Listing Office: Radius Group Commercial R.E.

Last Updated: April - 09 - 2025

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