$2,670,000
SOLD JUL 7, 2026
-- Bed
-- Bath
3,435 Sq Ft
8,712 Sq Ft Lot

Sale Details

Date Sold: July 7, 2026

$777 Per Sq Ft

4% Below List Price

19 Days on Market

About This Home

As of July 2026

Capital Expenditures Exceed $163,000 In 2026 + Approved Plans for (2) ADUs! This student housing investment property features (2) 3-bedroom/2-bathroom units and (1) efficiency unit, with approved plans for 2 additional units, offering a compelling value-add opportunity alongside strong in-place performance. The property is fully leased through 2027 and offers a 5.51% cap rate for the 2026-2027 school year. The main residence benefits from significant capital improvements completed in 2026, and the property includes an oversized parking lot, a rare amenity for Isla Vista tenants. Centrally located in Isla Vista, the property sits just minutes from UC Santa Barbara, shops, and local beaches.

Last Agent to Sell the Property

Steve Golis

Radius Group Commercial R.E. License #00772218 Listed on: 04/22/2026

Radius Group Commercial R.E.

Last Buyer's Agent

Steve Golis

Radius Group Commercial R.E. License #00772218 Listed on: 04/22/2026

Radius Group Commercial R.E.
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1966

Lot Details

  • 8,712 Sq Ft Lot
  • Property is in excellent condition

Interior Spaces

  • 3,435 Sq Ft Home
  • 2-Story Property
  • Laundry in unit

Schools

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

Listing and Financial Details

  • Assessor Parcel Number 075-092-035
  • Seller Considering Concessions

Community Details

Overview

  • 2 Units

Building Details

  • Gross Income $223,200
  • Net Operating Income $154,123

Property Details

Home Type

Multi-Family

Year Built

Built in 1966

Lot Details

8,712 Sq Ft Lot

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1966
  • Income Expenses Annual Income: 223200.0
  • Capitalization Rate: 5.51
  • Gross Rent Multiplier: 12.52
  • Monthly Income: 18600.0
  • Building Stories: 2
  • ResoLaundryFeatures: In Unit
  • New Construction: No
  • Reso Property Condition: Excellent, Good
  • Property Information Year Built2: 1966
  • Property Information Apx # Acres: 0.2
  • NeighborhoodSchools Elementary School: Isla Vista
  • NeighborhoodSchools Junior High School: Gol Valley
  • NeighborhoodSchools High School: Dos Pueblos
  • Condo:Laundry in Unit: Yes
  • Condition Excellent: Yes
  • Property Information Main House SqFt: 3435.0
  • Property Information Apx Lot SqFt: 8712.0
  • Condition Good2: Yes
  • General Property Information Stories2: 2.0
  • IncomeExpenses NOI2: 154123
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Exterior Features

  • Acres: 0.2

Schools

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

Lot Info

  • Parcel #: 075-092-035
  • Zoning: R-3
  • Lot Size Sq Ft: 8712.0

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 223200.0
  • Total Actual Rent: 18600.0

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 29, 2025
Closed on
Apr 23, 2025
Sold by
Bought by
Seller's Agent
Linda Del
Monarch Realty
Buyer's Agent
Linda Del
Monarch Realty
List Price
$2,150,000
Sold Price
$2,100,000
Premium/Discount to List
-$50,000
-2.33%
Views
17

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
23.39%
Original Mortgage
$525,000
Interest Rate
6.64%
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Grant Deed $2,100,000 First American Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Loan Amount Loan Type
Closed $700,000 Construction
Closed $525,000 No Value Available
Closed $1,575,000 Construction
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/07/2026 07/07/26 Sold $2,670,000 -4.5% $777 / Sq Ft
05/11/2026 05/11/26 Pending -- -- --
04/22/2026 04/22/26 For Sale $2,795,000 +33.1% $814 / Sq Ft
05/14/2025 05/14/25 Sold $2,100,000 -2.3% $648 / Sq Ft View Prior Sale
04/06/2025 04/06/25 Pending -- -- --
03/29/2025 03/29/25 For Sale $2,150,000 -- $663 / Sq Ft
Source: Santa Barbara Multiple Listing Service

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2026 $3,378 $2,142,000 $1,020,000 $1,122,000
2025 $3,378 $123,509 $25,711 $97,798
2023 $3,127 $118,714 $24,713 $94,001
2022 $2,769 $116,387 $24,229 $92,158
2021 $2,710 $114,105 $23,754 $90,351
2020 $2,663 $112,936 $23,511 $89,425
2019 $2,628 $110,722 $23,050 $87,672
2018 $2,590 $108,552 $22,599 $85,953
2017 $2,511 $106,424 $22,156 $84,268
2016 $2,290 $104,338 $21,722 $82,616
2014 $2,330 $100,759 $20,977 $79,782
Source: Public Records

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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 26-1309

Santa Barbara Multiple Listing Service

APN: 075-092-035

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