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This Isla Vista duplex features an oversized 50’ x 150’ street to street parcel (Pasado to Trigo) and the best numbers you will find. With a 10.69 GRM and a 6.47% cap. rate this property will produce better cash flow than much larger buildings. The tenants love the huge front yard. The upstairs unit features some ocean views. Each unit has two entrances.
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6747 Pasado Road, Isla Vista, CA 93117
Duplex Near UCSB
Map It!
Price: $770,000
Income: Both units leased at $3,000 each on 12-month leases
GRM: 10.96
Cap Rate: 6.47% approx.
APN: 075-141-020
Mix: Both units 2+1
Building Area: 1,550 SF approx.
2 1-car attached garages – 200 SF each approx.
Utility / Storage Room – 50 SF (5’ x 10’) approx.
Laundry Room – 40 SF (5’ x 8’) approx.
Area measurements per assessor or actual measurement
Land Area: 7,500 SF – 50’ x 100’ street to street parcel
Year Built: 1957
Zoning: SR-M-18 current, Mixed Res-25 proposed
Terms: CTNL
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