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:
4/13/2022
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
More Information MLS# 21-3944
Location Info
District: 35 - SB/GOL NORTH
Street #: 6587
Street Name: Cervantes
Street Suffix: Road
State/Province: CA
Postal Code: 93117
Compass Map: Santa Barbara
Map Grid: E12
County: Santa Barbara
Parcel Number: 075-032-008
Cross Street: Camino Pescadero
Contract Info
Current Price: $9,514,080
Price: 10500000
Buyers Agent $/%: 2
Begin Date: 2021-10-25
Status: Closed
Status Information
Sold Date: 2022-04-12
Sold Price: $9,514,080
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
Neighborhood/Schools
Elementary School: Other
Junior High School: Other
High School: Other
Remarks
Hot Sheet Comment: new
Owner Info
Deposit: 3
Miscellaneous
Parking Spaces: 24
Unit 1
# Units: 14
# Bedrooms: 1
# Baths: 1
Furnished: N
Rent: 21410
Monthly Total: 35780
Unit 2
# Units: 6
# Bedrooms: 1
# Baths: 1
Rent: 14370
Unit 3
# Units: 2
# Bedrooms: 2
# Baths: 1
Property Features
Proximity: Near Bus; Near Ocean; Near Park(s); Near School(s); Near Shopping
Zoning: Other
Reports Available: Pest Inspection; Roof
Terms: Cash; Ctnl
Listing Type: ER
Listing Office: Radius Group Commercial R.E.
Last Updated: April - 13 - 2022
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