Do Real Estate on the Go!
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Listed by: Filip Niculete (818) 212-2763 DRE #01905352, Glen Scher DRE #01962976 | Marcus & Millichap (818) 212-2700
$15,250,000
24 Beds
22 Baths
12,757sqft
6587 Cervantes Rd, Goleta, CA 93117
$15,250,000
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Multi Family
Built in -
$-- HOA
1 acre lot
$1,195/sq.ft
Description
We are pleased to present a rare combined offering in the heart of Isla Vista: a stabilized, fully renovated student housing portfolio seamlessly integrated with an entitled development site. This irreplaceable parcel, located just two blocks from the University of California, Santa Barbara (UCSB), provides a unique solution to one of the most challenging aspects of real estate development carrying costs. Investors can immediately collect substantial income from the existing 22 units, offsetting much or all of the holding expenses typically associated with development. This built-in income hedge mitigates risk, enhances returns, and allows positive cash flow from day one...
Continue Reading- Houzeo last checked: 54 Minutes ago
- Listing updated: December 8, 2025 at 7:10 pm
- Source: California Regional MLS-CA | MLS#: 25581755
Property Details
Status
Active
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
--
Year Built
-
HOA Fees
-
Finished Area
12,757 sqft
Lot Size
1 acre lot
Basement Area
- sqft
MLS Name
California Regional MLS
MLS Number
25581755
MLS Status
Active
Days on Market
224
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Houzeo Corp. holds real estate brokerage licenses in Alabama (License No. 000157023 - 0) and Texas (License No. 9013396)
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