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6509 Sabado Tarde Road, ISLA VISTA, CA 93117

$6,325,000
Property Type: Res Inc Status: Closed
Current Price: $6,325,000 List Date: 5/03/2023 Last Modified: 12/06/2023

Description

The 18-unit apartment property consists of sixteen studios and two 3 bed + 2 bath units located directly across the street from the UCSB campus. The building and units have been upgraded and include balconies, many with ocean views. Tuck under parking and laundry facility are included as well. The majority of the units have been remodeled with tile floors, new or refurbished cabinets, and granite countertops. The current owner has maintained the property well with capital upgrades to the plumbing, electrical, roof, and exterior.

Supplements: PARKING: 18 Tuck Under Parking Spaces + 3 Uncovered Spaces ZONING: SR-M-18

More Information MLS# 23-1197

Location Info

District: 30 - SB/GOL SOUTH Street #: 6509 Street Name: Sabado Tarde Street Suffix: Road State/Province: CA Postal Code: 93117 Compass Map: Santa Barbara Map Grid: F13 County: Santa Barbara Parcel Number: 075-221-016 Cross Street: El Nido Ln

Contract Info

Current Price: $6,325,000 Price: 6800000 Buyers Agent $/%: 1.75 Begin Date: 2023-05-03 Status: Closed

Status Information

Sold Date: 2023-12-06 Sold Price: $6,325,000 Under Contract Date: 2023-11-10

Property Information

Number of Units: 18 Year Built: 1965 Recurring Fees: No

Neighborhood/Schools

Elementary School: Isla Vista Junior High School: Gol Valley High School: Dos Pueblos

Remarks

Hot Sheet Comment: new

Unit 1

# Units: 16 # Bedrooms: 1 Furnished: N Rent: 1950 Monthly Total: 1950

Unit 2

# Units: 2 # Bedrooms: 3 # Baths: 2 Rent: 5250

Income/Expenses

Total Monthly Income: 391224 Other Income: 2592 Annual Income: 393816

Property Features

Proximity: Near Bus; Near Ocean; Near Park(s); Near School(s) Zoning: Other Terms: Cash Listing Type: ER
Listing Office: Hayes Commercial Group
Last Updated: December - 06 - 2023
6509 Sabado Tarde Road, ISLA VISTA, CA 93117- MLS# 23-1197
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

The data relating to real estate for sale on this web site comes from the Internet Data Exchange Program of the Santa Barbara Multiple Listing Service. Real estate listings held by brokerage firms other than the displaying broker(s) are marked with the 'MLS' logo and detailed information about them includes the name of the listing brokers. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor displaying broker shall be responsible for any typographical errors, misinformation, or misprints. 2015 Santa Barbara Multiple Listing Service. All rights reserved.

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