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
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.
More Information MLS# 23-3427
Location Info
Country: US
Compass Map: Santa Barbara
Map Grid: E13
Cross Street: Camino Del Sur
District: 30 - SB/GOL SOUTH
Street #: 6657
Street Name: Sueno
Street Suffix: Road
State: CA
Postal Code: 93117
County: Santa Barbara
Parcel Number: 075-102-004
Contract Info
Financing: Exchange
Buyers Agent $/%: 2.5
Current Price: $2,700,000
Price: 3000000
Begin Date: 2023-11-14
Status: Closed
Property Information
Apx Lot SqFt: 9147
Main House SqFt: 3439
Recurring Fees: No
Number of Units: 3
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: 9
# Refrigerators: 4
# Stoves: 3
Proximity
Near School(s): 1
Laundry
Laundry Room: 1
Amenities
Deck: 1
Fncd All: 1
Unit 1
# Units: 1
# Bedrooms: 4
# Baths: 2
# Half Baths: 0
Furnished: N
Rent: 6500
Lease: 1
Monthly Total: 6500
Income/Expenses
Total Monthly Income: 17700
Heating
Heat Other: 1
Unit 2
# Units: 1
# Bedrooms: 2
# Baths: 1
# Half Baths: 0
Furnished: N
Rent: 4200
Lease: 1
Monthly Total: 4200
Zoning
SR: 1
Terms
Cash: 1
Conventional: 1
Listing Type
ER: 1
Unit 3
# Units: 1
# Bedrooms: 5
# Baths: 2
# Half Baths: 0
Furnished: N
Rent: 7000
Lease: 1
Monthly Total: 7000
Meters
Sep Meter Wtr: N
Sep Meter Elec: Y
Sep Meter Gas: Yes
Parking Info
Outside: 1
Flr/Wdw Coverings
Tile: 1
Vinyl: 1
Owner Provides
None: 1
Status Information
Sold Date: 2024-04-29
Sold Price: $2,700,000
Under Contract Date: 2024-03-01
NeighborhoodSchools
Neighborhood: Other
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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