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Radius Commercial Real Estate

Radius Commercial Real Estate

Radius Commercial Real Estate
Property Details
- Property Type Multi-Family
- Property Size 5,012 SF
- Units 10
- Lot Size 0.23 Acre
- NOI / YR $229,133.00
- Parking Spaces Avail. 10
- Parking Ratio 2.00 / 1,000 SF
- Year Built 1970
- Date Updated Sep 4, 2025
WHOLE BUILDING REPLUMBED PLUS NEW FLOORING & UPDATED KITCHENS IN SEVERAL UNITS.
Wonderfully maintained student housing asset in the heart of Isla Vista, and blocks from the University of California, Santa Barbara, consisting of ten one bedroom apartments. Units feature laminate flooring, new windows and updated kitchen cabinetry, backsplash and countertops. Downstairs units have large enclosed patios while upstairs units offer wood beamed ceilings. Exterior of building has recently received fresh paint and landscaping. Tenants enjoy the convenience of a private 10 space parking lot and on-site coin operated laundry. This asset is just a small walk to the beach and Isla Vista’s eateries while being only a block away from UCSB’s campus.
CAP Rate 5.33% (25/26 Sch.Yr.) ∙ 6.21% (26/27 Sch.Yr.)
GRM 12.32 (25/26 Sch.Yr.) ∙ 11.56 (26/27 Sch.Yr.)
Units (10) 1BD/1BA
100% leased for the 2025-2026 school year
SCHEDULED MONTHLY INCOME: 2025-2026 school year $29,080; 2026-2027 school year $31,000
Reach out to the broker for more info on lease terms and amenities
Getting around
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Walk Score ®
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Location
- City Goleta, CA
- Neighborhood Isla Vista
- Zip Code 93117
- Market Central Coast
Points of Interest
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SBA Terminal
1.59 miles
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Goleta
2.04 miles
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SBA Economy Lot 1
2.20 miles
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SBA Economy Lot 2
2.22 miles
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SBA Economy Lot 3
2.25 miles
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Santa Barbara
9.45 miles
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University Chevron
1.44 miles
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Mobil
1.84 miles
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7-Eleven
2.07 miles
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Fuel Depot
2.61 miles
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Chevron
2.62 miles
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76
2.65 miles
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World Fuels
2.68 miles
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ChargePoint
4.93 miles
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eVgo
8.91 miles
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Lot 46
0.17 miles
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Lot 24
0.30 miles
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Lot 23
0.34 miles
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Lot 22
0.40 miles
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Lot 44
0.41 miles
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Lot 43
0.42 miles
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Lot 27
0.47 miles
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Lot 25
0.48 miles
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Lot 53
0.48 miles
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Lot 52
0.48 miles
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The Club & Guest House
0.40 miles
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Courtyard Santa Barbara Goleta
1.18 miles
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Hilton Garden Inn
1.50 miles
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Residence Inn
1.73 miles
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Super 8 by Wyndham Santa Barbara/Goleta
2.30 miles
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Hampton Inn & Suites
2.66 miles
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Motel 6 Goleta, CA - Santa Barbara
2.70 miles
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Motel 6
2.71 miles
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Pacifica Suites
2.97 miles
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The Leta Santa Barbara Goleta, Tapestry Collection by Hilton
3.00 miles
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Target
1.33 miles
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Indo China Market
1.38 miles
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Ross
1.42 miles
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Albertsons
1.55 miles
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Smart & Final Extra!
1.67 miles
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Santa Cruz Market
2.53 miles
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Sprouts Farmers Market
2.62 miles
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Trader Joe's
2.80 miles
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Ralphs
3.56 miles
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Magnolia Shopping Center
3.56 miles
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.