6591 Cordoba Road, GOLETA, CA 93117
$4,550,000
Property Type:
Res Inc
Square Footage:
5,130
Lot Size (sq. ft.):
7,841
Status:
Active
Current Price:
$4,550,000
List Date:
2/11/2026
Last Modified:
2/11/2026
Description
FULLY RENOVATED 2025 ISLA VISTA 5-PLEX W/ IMMEDIATE UPSIDE NEAR UCSB
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. Current ops at 5.32% cap w/ add'l value via 8 on-site parking spaces not yet monetized.
More Information MLS# 25-3294
Location Info
Country: US
Compass Map: Santa Barbara
Map Grid: E12
Cross Street: Camino Pescadero
District: 30 - SB/GOL SOUTH
Street #: 6591
Street Name: Cordoba
Street Suffix: Road
State: CA
Postal Code: 93117
County: Santa Barbara
Parcel Number: 075-111-002
Property Information
Year Built: 1966
Apx Lot SqFt: 7841
Main House SqFt: 5130
Recurring Fees: No
Number of Units: 5
Neighborhood/Schools
Elementary School: Isla Vista
Junior High School: Gol Valley
High School: S.B. Sr.
Owner Info
Deposit: 3
Remarks
Hot Sheet Comment: new
Condition
Excellent: 1
Miscellaneous
Parking Spaces: 8
Proximity
Near Bus: 1
Near Ocean: 1
Near Park(s): 1
Near School(s): 1
Near Shopping: 1
Unit 1
# Units: 1
# Bedrooms: 3
# Baths: 2.5
# Half Baths: 1
Furnished: N
Rent: 6000
Monthly Total: 6000
Income/Expenses
Total Monthly Income: 30000
Annual Income: 360000
Gross Rent Multiplr: 12.64
Capitalization Rate: 5.32
NOI: 241835
Unit 2
# Units: 3
# Bedrooms: 3
# Baths: 2
# Half Baths: 0
Monthly Total: 18000
Zoning
Other: 1
Reports Available
Prelim: 1
Terms
Cash: 1
Conventional: 1
Listing Type
ER: 1
Unit 3
# Units: 1
# Bedrooms: 2
# Baths: 2
# Half Baths: 0
Monthly Total: 6000
Parking Info
Total # Unconvered Spaces: 8
Contract Info
Current Price: $4,550,000
Price: 4550000
Begin Date: 2025-09-02
Status: Active
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
Documents
Preliminary Report ›
Listing Office:
Radius Group Commercial R.E.
Last Updated: February - 11 - 2026
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