Lots of land and lots of bedrooms. This duplex is picture perfect with beautiful landscaping and new paint! Extensively remodeled in the past 18 months. This .28 acre parcel features the maximum current zoning density in Isla Vista and should benefit even more under the new proposed zoning , visit:
(http://www.countyofsb.org/ceo/rda.aspx?id=1656)

Tenants pay all utilities. This would be a great group living situation. The seller may carry back an AITD. Great existing loan with Rabobank of $1,067,000 @4.875%, int. only for four years then LIBOR + 2.25% for five years, then amortized.

6670 Sueno Road
Isla Vista, CA 93117
Duplex

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Price: $2,087,500 $1,987,500
Income: A - $4,050, B - $8,375 July 2010 - July 2011
A - $4,050, B - $8,450 July 2011 - July 2012
GRM: 13.33
Cap Rate: 4.98%
Mix: A - 3+1.75 B - 4+4
Building Area: 3,092 SF Total (A 1,209 SF, B – 1,883 SF)
Land Area: .28 acres - 12,343.5 SF approx.
82.29’ width x 150’ (net) depth
Parking: 2-car carport plus tandem spaces
Year Built: Original home: 1934, Remodel/addition: 1995
Zoning: Current - SR-H-20
(maximum density in Isla Vista) Proposed – Mixed Res-25
Terms: CTNL or CTEL or AITD
Favorable $1,067,000 loan in place


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