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6584 Madrid Road, Isla Vista, CA
Student Housing Development Offering Near Santa Barbara
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Investment Highlights
• $875,000
• 7,200 SF gross area
• High barriers to entry
• Just blocks to UC Santa Barbara and the beach
• Up to 78 new student beds or 39-room hotel
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Rare commercial/residential development opportunity in the densely populated UC Santa Barbara student community of Isla Vista, bordered by the Pacific Ocean and UCSB’s campus. The property is strategically located in the heart of UCSB’s main retail corridor and just minutes to the beach. The site provides access to a stable student demographic fed by UCSB and Santa Barbara City College, both of which are nationally recognized institutions of higher education.
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