For Sale | Multifamily

Isla Vista Multifamily Portfolio, Isla Vista

4-Property Student Housing Portfolio
Property Description

This offering is a 4-property portfolio consisting of 28 residential units and 3 commercial units. A number of the units have been remodeled with tile floors, new or refurbished cabinets, and granite countertops. Current owner has made capital improvements to the buildings including plumbing, electrical, and exterior.

The assets are in the heart of Isla Vista, the high-demand student community adjacent to UCSB, with very high barriers to entry for new development, rental vacancy of around 2%, and exceptional upside. UCSB is a top-tier university of approximately 25,000 students, ranked #7 among public universities in US News & World Report (2023) with a 29% freshman acceptance rate in 2022.

Property Details
Size 31 Units 19,628 SF
Price $15,250,000