These are the best numbers you will find on any multifamily property on the South Coast. Get the best cash flow available, fixed rate 30-year financing, and a renovated building in a great location!
 
The property features a preferred corner location near the beach and downtown Isla Vista. Exterior renovations during the past 24 months include new fencing creating separate patios for each unit, newer duo paned windows, landscaping, new asphalt driveway, new coin-op washers and dryers in the attached laundry room, new water heaters and new exterior paint. Interior renovations include rebuilt kitchens and bathrooms and new tile flooring.

6599 Madrid Road
Isla Vista, CA 93117
4 Units - Next to UCSB
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Sale Price: $1,995,000
Income:
Leased 6/10-6/11 @$15,025 mo. + $75 laundry ($3,875, $3,500, $3,900 & $3,750)
GRM: 11.01 GRM
Cap. Rate: 6.62% Cap. Rate
APN: 075-161-007
Mix: 4 units, each 2+1.75 flats
Area: Building: SF per assessor
Land: 6,045 per assessor
Parking: 6 open spaces
Year Built: 1965
Zoning: SR-H-20-D
Terms: Cash to a new loan


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