6675 Segovia Rd is an outstanding investment opportunity in the vibrant and dynamic community of Isla Vista. This multifamily property, built in 1964, is perfectly positioned within Isla Vista, offering huge upside potential for investors seeking to capitalize on the strong demand for student housing from UCSB and SBCC students.The building consists of 12 units, all featuring 1-bedroom and 1-bathroom layouts. Parking facilities include 12 enclosed parking spaces, generating $5,760 in annual parking income, adding further value to this investment. Each unit is designed to provide comfortable and efficient living spaces, ensuring high occupancy rates and low maintenance for property management.Located in the heart of Isla Vista, this property is ideally situated to meet the housing needs of UCSB and SBCC students, offering convenient access to campus facilities and local amenities. With its robust rental income, strategic location, and significant growth potential, 6675 Segovia Rd is an excellent addition to any investment portfolio.Seize this opportunity to invest in one of Isla Vista's prime multifamily properties, designed for student living and positioned for substantial returns. Please contact to schedule a tour.
Property Details
Property Features
Property Information:
Year Built: 1964
Listing Office:
Office Name: Radius Group Commercial RE
Office Email: sgolis@radiusgroup.com
Listing Agent: Steven Golis
Interior Features
Interior Information:
Fireplace: None
Exterior Features
Exterior Information:
Private Pool: No
View: None
Lot Features
Lot Information:
Lot Size: 0.28 Acres
Utilities
Utilities Information:
Heating: Natural Gas
Cooling: None
Other
Directions Information:
Directions: N/A
Price Information
Listing Price Info
Price Summary:
List Price: $3,975,000
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Goleta, CA.
This property is $2.6M more than the Median Sold Price in Goleta, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #V1-25299
Listing Office:
Office Name: Radius Group Commercial RE
Office Email: sgolis@radiusgroup.com
Listing Agent: Steven Golis
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 12/18/2024, 10:21:02 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
We're sorry, we currently don't have sales or tax history data for this listing.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$19.9K
Per Month
Principal & Interest
$19.8K
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$11.9K
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
7
/10
Isla Vista Elementary School
6875 El Colegio Rd
Distance between this listing and this school0.63 miles
Public District Grades KG-6
7
/10
La Patera Elementary School
555 N La Patera Ln
Distance between this listing and this school2.37 miles
Public District Grades KG-6
6
/10
Ellwood Elementary School
7686 Hollister Ave
Distance between this listing and this school2.46 miles
Public District Grades KG-6
Nearby Schools
7
/10
Santa Barbara Charter
6100 Stow Canyon Rd
Distance between this listing and this school2.77 miles
Public Charter Grades KG-8
6
/10
Goleta Valley Junior High School
6100 Stow Canyon Rd
Distance between this listing and this school2.78 miles
Public District Grades 7-8
7
/10
La Colina Junior High School
4025 Foothill Rd
Distance between this listing and this school6.27 miles
Public District Grades 7-8
Nearby Schools
8
/10
Dos Pueblos High School
7266 Alameda Ave
Distance between this listing and this school2.05 miles
Public District Grades 9-12
7
/10
San Marcos High School
4750 Hollister Ave
Distance between this listing and this school4.35 miles
Public District Grades 9-12
1
/10
La Cuesta Continuation High School
710 Santa Barbara St
Distance between this listing and this school9.24 miles
The neighbors living near this home have an average income of $23,929. Most Goleta, CA residents have annual incomes less than $35k. The majority of families are single, no kids. Most residents in this area have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 6575 Segovia Rd
What is the listing price of this property?
The listing price of 6575 Segovia Rd property is $3,975,000.
What type of property is this?
The property 6575 Segovia Rd is a house located in Isla Vista, California, 93117.
Is this property for sale now?
Active Listing: 6575 Segovia Rd is For Sale (Active/New) which means the seller is accepting offers.
Which year was this property built?
The year of construction for 6575 Segovia Rd is 1964.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 6575 Segovia Rd in Isla Vista, CA and zip code 93117 in the Isla Vista neighborhood. This home, which was built in 1964, sits on a 0.28 acre lot. It has been listed on Rocket Homes since August 19, 2024 and is currently priced at $3,975,000.
Goleta, CA housing market in November 2024 saw over 6 listings sold above listed price, more than 1 sold at listed price and over 7 sold below. In November 2024 in Goleta, CA there were 6.6% less homes for sale than in October 2024. While the average time on the market in November 2024 was 12 days, the median list price was $1,300,000.
From Rocket Homes Real Estate and based on county public records data.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
Major League Soccer (MLS)
Major League Soccer (MLS)
Yoga/pilates
Symphony or Opera
Banana Republic
H&M
Chico's
Sonic
Dominos Pizza
Boston Market
Infiniti
Audi
Volvo
Urban Contemporary
Alternative
Talk/Personality