Mixed-use property in the premium student housing market & college business district
of Isla Vista. Located just off the ''Loop'', one block from UCSB's campus and just a few blocks away from the beach, this offering consists of two adjoining parcels that provide outstanding
investment fundamentals & the very best of the coastal college lifestyle. 6529 Trigo Road is a mixed-use property comprised of 7 units (4 residential studios & 3 ground floor commercial studios). 6528 Sabado Tarde is a fourplex (all 2 bed + 2 bath units). All residential units are leased through the 24/25 school year with upside in obtaining market rents for the 25/26 school year. Additionally, 2 of the 3 commercial units are leased out at market rents. Cap Rate* 5.22% ('24/'25); 6.12% (projected '25/'26)
GRM* 12.94 ('24/'25); 11.48 (projected '25/'26)
Building Size 7,851 SF total
Lot Size 9,582 SF total
Units 11 total
Parking 9 spaces total