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To list your property with Belmont Brokerage, contact us at (818) 967-6311 or email brokerage@bbandm.com. Our team will provide a complimentary AI-powered Comparative Market Analysis (CMA), professional staging recommendations, and a customized marketing strategy. We list on the MLS and through our exclusive off-market network for maximum exposure.

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6588 Madrid Road — Isla Vista — 2 Beds • 1 Bath • 816 Sq Ft | Belmont Brokerage

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$2,500,000

$3,064/ft²

6588 Madrid Rd, Isla Vista, CA 93117

Property Description

The subject property is located at 6588 and 6590 Madrid Road in Goleta, CA. The property consists of two parcels totaling approximately 10,018 SF with an approximately 816 SF single-family residence. Zoning permits high-density student housing with an underlying density of 20 du/acre. The property is located less than half a mile north of UCSB and just east of the Pacific Ocean. The property is in an excellent location providing the opportunity for a coastal student housing development.

Listing provided by: Alexandra BentleyDRE #02062959760-929-9700 abentley@lee-associates.com, Lee & Associates

MLS #: NDP2607620

FLIP & EXPANSION SIMULATORJACKPOT FLIP

Simulate profit based on remodel ($140/sf) & addition ($180/sf)

+$839K

+100.6% ROI

Rehab + Add$150K

Est. ARV$3673K

Est. Profit+$839K

Proj. ROI101%

Sqft to Add (Expansion / ADU)+200 sqft (1,016 total sf)

Remodel Rate (Existing Space)$140/sqft ($114K total)