6591 Cordoba Road, ISLA VISTA, CA 93117
$2,935,000
Property Type:
Res Inc
Square Footage:
5,130
Lot Size (sq. ft.):
7,840
Status:
Closed
Current Price:
$2,935,000
List Date:
8/19/2024
Last Modified:
4/24/2025
Description
Welcome to 6591 Cordoba Rd, an exceptional investment opportunity located in the heart of Isla Vista, perfectly positioned for UCSB and SBCC students. This multifamily property, built in 1966, offers a wonderful investment, and is ideally suited for student occupation, ensuring consistent rental income and high demand.
Adding to the property's desirability, each of 3 upstairs units include balconies. In addition, parking is convenient with 8 spots bringing in extra monthly income. The
property's strategic location offers ease of access to UCSB and SBCC, making it highly attractive to students seeking clean and convenient housing. Each unit is designed for comfort and efficiency, ensuring a low-maintenance lifestyle for both tenants and property management.
More Information MLS# 24-2729
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
Stories: 2
Apx Lot SqFt: 7840
Main House SqFt: 5130
Recurring Fees: No
Number of Units: 5
Neighborhood/Schools
Elementary School: Isla Vista
Junior High School: Gol Valley
High School: Dos Pueblos
Owner Info
Deposit: 3
Remarks
Hot Sheet Comment: new
Miscellaneous
Parking Spaces: 8
Unit 1
# Units: 4
# Bedrooms: 2
# Baths: 2
# Half Baths: 0
Furnished: N
Rent: 15400
Monthly Total: 15400
Income/Expenses
Total Monthly Income: 235880
Annual Income: 231240
Gross Rent Multiplr: 12.61
Capitalization Rate: 5.07
Insurance: 4750
Total Annual Exp: 80304
NOI: 150952
Unit 2
# Units: 1
# Bedrooms: 2
# Baths: 2
# Half Baths: 1
Monthly Total: 3870
Zoning
Other: 1
Reports Available
Home Inspection: 1
Pest Inspection: 1
Prelim: 1
Roof: 1
Terms
Cash: 1
Conventional: 1
Ctel: 1
Listing Type
EA: 1
Contract Info
Current Price: $2,935,000
Price: 2975000
Begin Date: 2024-08-19
Status: Closed
Status Information
Sold Date: 2024-11-26
Sold Price: $2,935,000
Under Contract Date: 2024-09-13
Property Features
Zoning: Other
Reports Available: Home Inspection; Pest Inspection; Prelim; Roof
Terms: Cash; Conventional; Ctel
Listing Type: EA
Documents
Roof Inspection Report ›
Listing Office:
Radius Group Commercial R.E.
Last Updated: April - 24 - 2025
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