NOT LISTED FOR SALE

6523 Trigo Rd Isla Vista, CA 93117

-- Bed
-- Bath
6,563 Sq Ft
8,712 Sq Ft Lot

Last Sold October 31, 2024

Last sale price $4,275,000 $651 Per Sq Ft

25 Days on Market

About This Home

As of October 2024

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.

Last Agent to Sell the Property

Mike Lopus

Colliers International Greater Los Angeles, Inc. License #01970736 Listed on: 08/19/2024

Co-Listed By

Steve Golis

Radius Group Commercial R.E. License #00772218

Last Buyer's Agent

Ken Switzer

Berkshire Hathaway HomeServices California Properties License #01245644

Berkshire Hathaway HomeServices California Properties

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1967

Lot Details

  • 8,712 Sq Ft Lot

Parking

  • 14 Parking Spaces

Home Design

  • 6,563 Sq Ft Home

Schools

  • Isla Vista Elementary School
  • Gol Valley Middle School
  • Dos Pueblos High School

Listing and Financial Details

  • Assessor Parcel Number 075-173-032

Community Details

Overview

  • 8 Units

Building Details

  • New Taxes Expense $44,691
  • Operating Expense $115,149
  • Net Operating Income $198,407

Property Details

Home Type

Multi-Family

Year Built

Built in 1967

Lot Details

0

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1967
  • Capitalization Rate: 4.67
  • Gross Rent Multiplier: 13.29
  • Annual Expenses: 115149.0
  • Monthly Income: 39825.0
  • Miscellaneous Parking Spaces: 14.0
  • Co List Office Mls Id: rad
  • Co List Office Phone: 805-965-5500
  • Property Information Year Built2: 1967
  • NeighborhoodSchools Elementary School: Isla Vista
  • NeighborhoodSchools Junior High School: Gol Valley
  • NeighborhoodSchools High School: Dos Pueblos
  • Property Information Main House SqFt: 6563.0
  • Property Information Apx Lot SqFt: 8712.0
  • IncomeExpenses Taxes6: 44691.0
  • IncomeExpenses NOI2: 198407
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Acres: 0.2

Garage/Parking

  • Total Parking Spaces: 14.0

Schools

  • Elementary School: Isla Vista
  • High School: Dos Pueblos
  • Middle Or Junior School: Gol Valley

Lot Info

  • Parcel #: 075-173-032
  • Zoning: Other
  • Lot Size Sq Ft: 8712.0

Multi Family

  • Number Of Units Total: 8
  • Annual Operating Expense: 115149.0
  • Total Actual Rent: 39825.0

Range of Values:

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Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/31/2024 10/31/24 Sold $4,275,000 +0.6% $651 / Sq Ft
09/13/2024 09/13/24 Pending -- -- --
08/19/2024 08/19/24 For Sale $4,250,000 -- $648 / Sq Ft
Source: Santa Barbara Multiple Listing Service

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Mike Lopus

    Seller's Agent in 2024

    Mike Lopus

    Colliers International Greater Los Angeles, Inc.

    (805) 518-1494

    5 in this area

    9 Total Sales

    Mike Lopus
    Section Image
  • Steve Golis

    Seller Co-Listing Agent in 2024

    Steve Golis

    Radius Group Commercial R.E.

    (805) 879-9624

    18 in this area

    92 Total Sales

    Steve Golis
    Section Image

  • K

    Buyer's Agent in 2024

    Ken Switzer

    Berkshire Hathaway HomeServices California Properties

    (805) 680-4622

    10 in this area

    104 Total Sales

    Ken Switzer
    Section Image
See All Agents

Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 24-2727

Santa Barbara Multiple Listing Service
California Santa Barbara County Isla Vista 93117

6523 Trigo Rd, Isla Vista, CA

Not Listed for Sale

MultiFamily

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