Capri Isla Vista is an exceptional portfolio of 3 buildings located in Isla Vista (Goleta), CA.  Situated within walking distance of the University of California Santa Barbara, Capri IV has been completely remodeled and rehabilitated to offer luxurious living, optimized for the students of UCSB.  The unbelieveably constrained housing market of Isla Vista along with the rediculously restrictive growth & zoning allowances have made new construction next to impossible.  Near 100% occupancy in the market and continued pent up demand from the 20,000 + students at UCSB have consistently driven rents in the area, regardless of property condition.  MHE capitalized on the demand for rehabbed units offering all the luxuries of modern living, including hardwood look floors, dishwashers, LCD TV's, wireless internet, granite counters, black (some white) appliances and two tone paint.  Each one bedroom is uniquely setup to house 3 tenants efficiently.  The units are fully furnished & the exterior of the buildings are updated to show exceptionally well.

MHE Real Estate & its partner MJW Investments were able significantly increase rents, while maintaining an exceptionally high occupancy rate.

Project Cashflow & IRR numbers are available upon request.  Gross Income increased over 60%

Please visit the property's website at http://www.capriiv.com

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