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6587 Picasso Road, GOLETA, CA 93117

$1,800,000
Property Type: Res Inc Lot Size (sq. ft.): 4,792 Status: Closed
Current Price: $1,800,000 List Date: 11/16/2016 Last Modified: 9/15/2024

Overview

Description

Isla Vista income opportunity available. Income producing four-plex is close to campus and the heart of Isla Vista's commercial center. The property has been professionally managed and maintained to the highest standards. Please do not disturb tenants.

Listing Details MLS# 16-3757

Location Info

District
35 - SB/GOL NORTH
Street #
6587
Street Name
Picasso
Street Suffix
Road
State
CA
Country
US
Postal Code
93117
Compass Map
Santa Barbara
Map Grid
E12
County
Santa Barbara
Parcel Number
075-061-016
Cross Street
Embarcadero Del Mar

Contract Info

Price
1800000
Financing
CTEL
Buyers Agent $/%
2.5
Begin Date
2016-11-16

Status Information

Sold Date
2017-01-12
Under Contract Date
2016-12-02

Property Information

Number of Units
4
Year Built
1970
Apx Lot SqFt
4792
Recurring Fees
No

Remarks

Hot Sheet Comment
new

Owner Info

Deposit
54000

More Information

Unit 1

# Units
Yes
# Bedrooms
2
# Baths
2
Furnished
N
Rent
2550
Monthly Total
10110
# Half Baths
0
Lease
Yes

Unit 2

# Units
2
# Bedrooms
2
# Baths
Yes
Rent
2450
Lease
Yes

Unit 3

# Units
3
# Bedrooms
2
# Baths
2
Rent
2460
Lease
Yes

Unit 4

# Units
4
# Bedrooms
2
# Baths
2
Rent
2650
Lease
Yes

Meters

Sep Meter Wtr
N
Sep Meter Elec
Y
Sep Meter Gas
No

Neighborhood/Schools

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

Condition

Good
Yes

Foundation

Slab
Yes

Proximity

Near School(s)
Yes

Laundry

None
Yes

Income/Expenses

Total Monthly Income
10110
Annual Income
121320
Gross Rent Multiplr
15.65
Capitalization Rate
3.96
Total Annual Exp
43765
NOI
71314

Zoning

SR
Yes

Reports Available

Prelim
Yes

Terms

Cash
Yes
Conventional
Yes
Ctel
Yes

Listing Type

EA
Yes

Parking Info

Mixed
Yes

Flr/Wdw Coverings

Wood/Laminate
Yes

Pub Listing Details

None
Yes

Owner Provides

Gas
Yes
Water
Yes
Trash
Yes

Property Features

Unit 1: Lease Unit 2: Lease Unit 3: Lease Unit 4: Lease Condition: Good Foundation: Slab Parking Info: Mixed Proximity: Near School(s) Laundry: None Owner Provides: Gas; Water; Trash Zoning: SR Reports Available: Prelim Terms: Cash; Conventional; Ctel Listing Type: EA Pub Listing Details: None
IDX
Listing Office: Investec Properties Inc
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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