6657 Sueno Road, GOLETA, CA 93117
$3,000,000
Property Type:
Res Inc
Square Footage:
3,439
Lot Size (sq. ft.):
9,147
Status:
Pending
Current Price:
$3,000,000
List Date:
11/14/2023
Last Modified:
3/06/2024
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
District: 30 - SB/GOL SOUTH
Street #: 6657
Street Name: Sueno
Street Suffix: Road
State/Province: CA
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
Current Price: $3,000,000
Price: 3000000
Buyers Agent $/%: 2.5
Begin Date: 2023-11-14
Status: Pending
Status Information
Under Contract Date: 2024-03-01
Property Information
Number of Units: 3
Main House SqFt: 3439
Apx Lot SqFt: 9147
Recurring Fees: No
Neighborhood/Schools
Neighborhood: Other
Elementary School: Isla Vista
Junior High School: Gol Valley
High School: Dos Pueblos
Remarks
Hot Sheet Comment: new
Owner Info
Deposit: 3
Miscellaneous
Parking Spaces: 9
# Refrigerators: 4
# Stoves: 3
Unit 1
# Units: 1
# Bedrooms: 4
# Baths: 2
Furnished: N
Rent: 6500
Monthly Total: 6500
Unit 2
# Units: 1
# Bedrooms: 2
# Baths: 1
Furnished: N
Rent: 4200
Monthly Total: 4200
Unit 3
# Units: 1
# Bedrooms: 5
# Baths: 2
Furnished: N
Rent: 7000
Monthly Total: 7000
Income/Expenses
Total Monthly Income: 17700
Meters
Sep Meter Wtr: N
Sep Meter Elec: Y
Sep Meter Gas: Yes
Property Features
Unit 1: Lease
Unit 2: Lease
Unit 3: Lease
Parking Info: Uncovered
Proximity: Near School(s)
Laundry: Laundry Room
Amenities: Deck; Fncd All
Flr/Wdw Coverings: Tile; Vinyl
Heating/Cooling: Heat Other
Owner Provides: None
Zoning: SR
Terms: Cash; Ctnl
Listing Type: ER
Listing Office: Link Brokerages,Inc.
Last Updated: March - 06 - 2024
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