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6591 Cordoba Road, GOLETA, CA 93117

$4,425,000
Property Type: Res Inc Square Footage: 5,130 Lot Size (sq. ft.): 7,841 Status: Active
Current Price: $4,425,000 List Date: 2/11/2026 Last Modified: 5/29/2026

Overview

Description

FULLY RENOVATED IN 2025 ISLA VISTA 5-PLEX W/ IMMEDIATE UPSIDE - 6.14% 26/27 CAP. Completed leased for 26/27 school year! 6591 Cordoba Rd. offers a rare chance to acquire a fully renovated 5-unit student housing asset on the desirable 6-5 block of Isla Vista, minutes from UCSB. The property includes (4) lg 3BD/2BA units & (1) oversized 2BD/2BA, totaling 25 beds. In 2025, it underwent a full reno: new LVP floors, appl., cabinetry, windows, blinds, ext. paint + major plumbing, elec. & sewer upgrades. Three units feature pvt balconies, incl. 2 front-facing & 1 new side-facing balcony. Fully pre-leased for 2025-26, but rents were set pre-reno, offering clear upside for 2026-27. 8 on-site parking spaces not yet monetized.

Listing Details MLS# 25-3294

Location Info

District
30 - SB/GOL SOUTH
Street #
6591
Street Name
Cordoba
Street Suffix
Road
State
CA
Country
US
Postal Code
93117
Compass Map
Santa Barbara
Map Grid
E12
County
Santa Barbara
Parcel Number
075-111-002
Cross Street
Camino Pescadero

Contract Info

Price
4425000
Begin Date
2025-09-02

Property Information

Number of Units
5
Year Built
1966
Main House SqFt
5130
Apx Lot SqFt
7841
Recurring Fees
No

Remarks

Hot Sheet Comment
price

Owner Info

Deposit
3

Miscellaneous

Parking Spaces
8

More Information

Unit 1

# Units
Yes
# Bedrooms
3
# Baths
2
# Half Baths
Yes
Furnished
N
Rent
6400
Monthly Total
6400

Unit 2

# Units
3
# Bedrooms
3
# Baths
2
Monthly Total
25700
# Half Baths
0

Parking Info

Total # Unconvered Spaces
8

Neighborhood/Schools

Elementary School
Isla Vista
Junior High School
Gol Valley
High School
S.B. Sr.

Condition

Excellent
Yes

Proximity

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

Income/Expenses

Total Monthly Income
32100
Annual Income
385200
Gross Rent Multiplr
11.49
Capitalization Rate
6.14
NOI
241835

Zoning

Other
Yes

Reports Available

Prelim
Yes

Terms

Cash
Yes
Conventional
Yes

Listing Type

ER
Yes

Property Features

Condition: Excellent Proximity: Near Bus; Near Ocean; Near Park(s); Near School(s); Near Shopping Zoning: Other Reports Available: Prelim Terms: Cash; Conventional Listing Type: ER
IDX
Listing Office: Radius Group Commercial R.E.
Last Updated: May - 29 - 2026
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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