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6510 Sabado Tarde Road, GOLETA, CA 93117

$2,960,000
Property Type: Res Inc Status: Closed
Current Price: $2,960,000 List Date: 6/02/2016 Last Modified: 9/15/2024

Overview

Description

Best location in Isla Vista! Rarely is there a mid-size building available for sale in Isla Vista in such a prime location - 9 units literally 100 feet from campus and 2 blocks from the ocean. Unit mix is 2x2/1, 6x1/1, 1xStudio. Serviceable-condition apartments but with upside potential for the energetic investor. 7 of 9 units have decks or patios, there is ample off-site parking. Don't miss!

Listing Details MLS# 16-1864

Location Info

District
30 - SB/GOL SOUTH
Street #
6510
Street Name
Sabado Tarde
Street Suffix
Road
State
CA
Country
US
Postal Code
93117
Compass Map
Santa Barbara
Map Grid
F13
County
Santa Barbara
Parcel Number
075-173-028
Cross Street
Embarcadero Del Nort

Contract Info

Price
3150000
Financing
Cash
Buyers Agent $/%
2.5
Begin Date
2016-06-02

Status Information

Sold Date
2016-07-12
Under Contract Date
2016-06-13

Property Information

Number of Units
9
Year Built
1965
Recurring Fees
No

Remarks

Hot Sheet Comment
new

Owner Info

Deposit
3

More Information

Miscellaneous

Parking Spaces
14
# Refrigerators
9
# Stoves
9

Unit 1

# Units
2
# Bedrooms
2
# Baths
Yes
Furnished
N
Rent
2950
Monthly Total
5900
# Half Baths
0

Unit 2

# Units
6
# Bedrooms
Yes
# Baths
Yes
Furnished
N
Rent
1524
Monthly Total
9140

Unit 3

# Units
Yes
# Baths
Yes
Furnished
N
Rent
1425
Monthly Total
1425
# Bedrooms
0

Meters

Sep Meter Wtr
N
Sep Meter Elec
Y
Sep Meter Gas
Yes

Neighborhood/Schools

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

Condition

Excellent
Yes
Good
Yes

Foundation

Slab
Yes

Proximity

Near Bus
Yes
Near Ocean
Yes
Near Park(s)
Yes
Near School(s)
Yes
Near Shopping
Yes

Laundry

Laundry Room
Yes

Amenities

Deck
Yes
Patio
Yes

Income/Expenses

Total Monthly Income
16650
Other Income
185
Annual Income
199800
Gross Rent Multiplr
15.77
Capitalization Rate
3.72
Actual
Yes
Taxes
37500
Insurance
3000
Water Expense
3500
Trash Expense
4500
Maintenance Expense
19000
Total Annual Exp
82500
NOI
117300

Heating

Wall
Yes

Zoning

Other
Yes

Terms

Cash
Yes
Conventional
Yes

Listing Type

ER
Yes

Parking Info

Carport
Yes
Outside
Yes

Flr/Wdw Coverings

Carpet
Yes
Wood/Laminate
Yes
Vinyl Plank
Yes

Contingent Remarks

HOME INSPECTN
Yes

Owner Provides

Water
Yes
Trash
Yes

Property Features

Condition: Excellent; Good Foundation: Slab Parking Info: Carport; Carport; Outside Proximity: Near Bus; Near Ocean; Near Park(s); Near School(s); Near Shopping Laundry: Laundry Room Amenities: Deck; Patio Heating: Wall Owner Provides: Water; Trash Zoning: Other Terms: Cash; Conventional Listing Type: ER Contingent Remarks: HOME INSPECTN
IDX
Listing Office: Berkshire Hathaway HomeServices California Properties
Last Updated: September - 15 - 2024
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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