Brian Bailey Commercial Real Estate

6599 Madrid Road
Isla Vista, CA 93117
4 Units - Next to UCSB
Map It!
Sale Price: $2,499,000
Income:
6/09-6/10: 3@$3,750, 1@$3,300
6/10-6/11: 3@$4,000, 1@$3,300
(now leasing)
GRM: 13.77 current/13.12 next term APN: 075-161-007
Mix: 4 units, each 2+1.75 flats
Area: Building: 4,128 SF approx.
Land: 6,045 SF net approx.
Parking: Open
Year Built: 1965

Zoning: SR-H-20-D
Terms: Cash to a new loan
Pueblo del Sol PDF Flyer
This property features a corner location near the beach and downtown Isla Vista. It was almost completely renovated in the last 12 months including new fencing creating separate patios for each unit, landscaping, new asphalt in driveway, new coin-op. washers and dryers in the attached laundry room, new water heaters, and new exterior paint. Interior improvements include virtually complete renovations of each unit – rebuilt kitchens and bathrooms, new tile flooring in living rooms, kitchens, hallways and bathrooms. A full list of renovations is available. A super location and good cash flow make for an excellent investment.

Member:
member Equity Management Services
member E-Pro Realtors
member Senior Real Estate Specialist
  Brian Bailey
DRE Lic. 00680927

Hayes Commercial Group
280 King Daniel Ln.
Goleta, CA 93117
805.898.4398 Ofc.
805.357.5331 Fax
805.637.1031 Cell
email Brian Bailey brian@brianbailey.com
Hayes Commercial

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