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.
Isla Vista is located in California. Isla Vista, California has a population of 15,732. Isla Vista is more family-centric than the surrounding county with 32.4% of the households containing married families with children. The county average for households married with children is 31.69%.
The median household income in Isla Vista, California is $22,386. The median household income for the surrounding county is $84,356 compared to the national median of $69,021. The median age of people living in Isla Vista is 21.1 years.
The average high temperature in July is 73 degrees, with an average low temperature in January of 42.8 degrees. The average rainfall is approximately 18.1 inches per year, with 0 inches of snow per year.
