6657 Sueno Road, GOLETA, CA 93117 (MLS# 23-3427)

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6657 Sueno Road, GOLETA, CA 93117

$2,700,000

Property Type: Res Inc Square Footage: 3,439 Lot Size (sq. ft.): 9,147 Status: Closed

Current Price: $2,700,000 List Date: 11/14/2023 Last Modified: 9/15/2024

Overview

Description

We are pleased to present this opportunity in the premium student housing market of Isla Vista, Santa Barbara. Located less than 1 mile from UCSB's main campus and the beach just around the corner, this is an outstanding investment and highly desirable rental for the college lifestyle. The property consists of three (3) units on a lot totaling 9,147 sq. ft. including ample parking, entertainer's yard and a large view deck. Two (2) out of three (3) units have upgraded kitchens. Current rent income totals $17,700/month with leases ending in June 2024. All three units have been pre-leased for the 2024-2025 school year as well and rents will total $19,450/month which results in a 5.31% cap rate.

Listing Details MLS# 23-3427

Location Info

District: 30 - SB/GOL SOUTH
Street #: 6657
Street Name: Sueno
Street Suffix: Road
State: CA
Country: US
Postal Code: 93117
Compass Map: Santa Barbara
Map Grid: E13
County: Santa Barbara
Parcel Number: 075-102-004
Cross Street: Camino Del Sur

Contract Info

Price: 3000000
Financing: Exchange
Buyers Agent $/%: 2.5
Begin Date: 2023-11-14

Status Information

Sold Date: 2024-04-29
Under Contract Date: 2024-03-01

Property Information

Number of Units: 3
Main House SqFt: 3439
Apx Lot SqFt: 9147
Recurring Fees: No

NeighborhoodSchools

Neighborhood: Other

Remarks

Hot Sheet Comment: new

More Information

Owner Info

Deposit: 3

Miscellaneous

Parking Spaces: 9
# Refrigerators: 4
# Stoves: 3

Unit 1

# Units: Yes
# Bedrooms: 4
# Baths: 2
Furnished: N
Rent: 6500
Monthly Total: 6500
# Half Baths: 0
Lease: Yes

Unit 2

# Units: Yes
# Bedrooms: 2
# Baths: Yes
Furnished: N
Rent: 4200
Monthly Total: 4200
# Half Baths: 0
Lease: Yes

Unit 3

# Units: Yes
# Bedrooms: 5
# Baths: 2
Furnished: N
Rent: 7000
Monthly Total: 7000
# Half Baths: 0
Lease: Yes

Meters

Sep Meter Wtr: N
Sep Meter Elec: Y
Sep Meter Gas: Yes

Neighborhood/Schools

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

Proximity

Near School(s): Yes

Laundry

Laundry Room: Yes

Amenities

Deck: Yes
Fncd All: Yes

Income/Expenses

Total Monthly Income: 17700

Heating

Heat Other: Yes

Zoning

SR: Yes

Terms

Cash: Yes
Conventional: Yes

Listing Type

ER: Yes

Parking Info

Outside: Yes

Flr/Wdw Coverings

Tile: Yes
Vinyl Plank: Yes

Owner Provides

None: Yes

Property Features

Unit 1: Lease Unit 2: Lease Unit 3: Lease Parking Info: Outside Proximity: Near School(s) Laundry: Laundry Room Amenities: Deck; Fncd All Heating: Heat Other Owner Provides: None Zoning: SR Terms: Cash; Conventional Listing Type: ER

Listing Office: Link Brokerages,Inc.

Last Updated: September - 15 - 2024

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