6591 Cordoba Road, ISLA VISTA, CA 93117 (MLS# 24-2729)

Your search results

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

Overview

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.

Listing Details MLS# 24-2729

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: 2975000
Begin Date: 2024-08-19

Status Information

Sold Date: 2024-11-26
Under Contract Date: 2024-09-13

Property Information

Number of Units: 5
Stories: 2
Year Built: 1966
Main House SqFt: 5130
Apx Lot SqFt: 7840
Recurring Fees: No

Remarks

Hot Sheet Comment: new

Owner Info

Deposit: 3

More Information

Miscellaneous

Parking Spaces: 8

Unit 1

# Units: 4
# Bedrooms: 2
# Baths: 2
Furnished: N
Rent: 15400
Monthly Total: 15400
# Half Baths: 0

Unit 2

# Units: Yes
# Bedrooms: 2
# Baths: 2
# Half Baths: Yes
Monthly Total: 3870

Neighborhood/Schools

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

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

Zoning

Other: Yes

Reports Available

Home Inspection: Yes
Pest Inspection: Yes
Prelim: Yes
Roof: Yes

Terms

Cash: Yes
Conventional: Yes
Ctel: Yes

Listing Type

EA: Yes

Property Features

Zoning: Other Reports Available: Home Inspection; Pest Inspection; Prelim; Roof Terms: Cash; Conventional; Ctel Listing Type: EA

Documents

Roof Inspection Report ›

Physical Inspection Report ›

SB-721 Report ›

Termite Inspection Report ›

Preliminary Title Report ›

Listing Office: Radius Group Commercial R.E.

Last Updated: April - 24 - 2025

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.