6587 Cervantes Road, GOLETA, CA 93117 (MLS# 21-3944)

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6587 Cervantes Road, GOLETA, CA 93117

$9,514,080

Property Type: Res Inc Square Footage: 14,850 Lot Size (sq. ft.): 43,560 Status: Closed

Current Price: $9,514,080 List Date: 10/25/2021 Last Modified: 9/15/2024

Overview

Description

NEVER BEFORE on the market for purchase are 759 Embarcadero Del Mar & 6587 Cervantes Road. This property consists of two (2) apartment buildings and additional land. 759 Embarcadero Del Mar (8 Units) & 6587 Cervantes Rd. (14 Units), as well as approximately 13,925 SF of additional land that is currently being used for parking. In 2018 there was a new roof added, new windows were installed and the buildings were freshly painted. There is a single main water line servicing the entire property which allows for the potential for additional units to be added on the portion of undeveloped land.

Supplements: This is a well maintained investment property with expansive upside potential in Isla Vista. A great investment opportunity to own student housing at one of the top five public universities in the nation. CALL TO OFFERS: November 5, 2021

Listing Details MLS# 21-3944

Location Info

District: 35 - SB/GOL NORTH
Street #: 6587
Street Name: Cervantes
Street Suffix: Road
State: CA
Country: US
Postal Code: 93117
Compass Map: Santa Barbara
Map Grid: E12
County: Santa Barbara
Parcel Number: 075-032-008
Cross Street: Camino Pescadero

Contract Info

Price: 10500000
Buyers Agent $/%: 2
Begin Date: 2021-10-25

Status Information

Sold Date: 2022-04-12
Under Contract Date: 2021-11-11

Property Information

Number of Units: 22
Year Built: 1963
Main House SqFt: 14850
Apx Lot SqFt: 43560
Recurring Fees: No

Remarks

Hot Sheet Comment: new

Owner Info

Deposit: 3

More Information

Miscellaneous

Parking Spaces: 24

Unit 1

# Units: 14
# Bedrooms: Yes
# Baths: Yes
Furnished: N
Rent: 21410
Monthly Total: 35780
# Half Baths: 0

Unit 2

# Units: 6
# Bedrooms: Yes
# Baths: Yes
Rent: 14370

Unit 3

# Units: 2
# Bedrooms: 2
# Baths: Yes

Neighborhood/Schools

Elementary School: Other
Junior High School: Other
High School: Other

Proximity

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

Zoning

Other: Yes

Reports Available

Pest Inspection: Yes
Roof: Yes

Terms

Cash: Yes
Conventional: Yes

Listing Type

ER: Yes

Property Features

Proximity: Near Bus; Near Ocean; Near Park(s); Near School(s); Near Shopping Zoning: Other Reports Available: Pest Inspection; Roof Terms: Cash; Conventional Listing Type: ER

Listing Office: Radius Group Commercial R.E.

Last Updated: September - 15 - 2024

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