Isla Vista

Ideal apartment living. All 8 units of this apartment building have 2 bathrooms. It offers nicely remodeled kitchens that include granite countertops, new appliances and a dishwasher. Some units are tiled and/or carpeted. All have large living rooms as well as off-street parking and laundry facilities. Two units have private courtyards while two other units have balconies. Many of the bathrooms are remodeled. Water and Trash included in price.

8 Units, All 2 Bedroom 2 Baths.

Current Monthly Rents for June 2009 to June 2010 leases are:
      Unit 1, $2,800.00
      Unit 2, $2,700.00
      Unit 3, $2,500.00
      Unit 4, $2,600.00
      Unit 5, $2,750.00
      Unit 6, $2,800.00 extra large unit
      Unit 7, $2,800.00 extra large unit
      Unit 8, $2,750.00

Offered at $3,200,000 this is a GRM of Only 12.28.  Owner financing available with 30 % down and owner to carry balance at 7% fixed interest for 10 years, interest only or carry a 2nd at 7% fixed for 15 years, interest only on approved credit.  For a Property Profile, please click the 'More Info' button above.

All Showings are subject to an accepted offer.  Feel free to drive by, but please do not disturb occupants.

This property is located only blocks from the pristine beaches of the Pacific Ocean and the University Of California Santa Barbara (UCSB).  It is only miles from the California Rivera of Santa Barbara and internationally known Santa Barbara City College.

UCSB has a current enrollment of 20,000 students and 4,684 Faculty and Staff.  UCSB’s forecasts growth of 5,000 students and 1,736 Faculty and Staff by 2025.