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
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.