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6665 Pasado Road, SANTA BARBARA, CA 93117

$826,500
Property Type: Res Inc Square Footage: 1,358 Lot Size (sq. ft.): 7,405 Status: Closed
Current Price: $826,500 List Date: 4/22/2019 Last Modified: 8/06/2019

Description

Isla Vista opportunity on a street-to-street double-sized parcel, in a great location near to downtown IV, beach access and campus access. The mid-century-style 1-story duplex with a 2-BR/1-BA and very large studio, features vaulted ceilings for potential added bed density, and is a preferred laid-back housing style for junior and senior-year UCSB students, especially on the 6600 block. As student enrollment increases and the supply of low-density 6600-block housing remains static, an investor will enjoy the long-term benefits of owning this popular housing type. Also consider speculative long-term upside of the double-sized lot for future possible up-zoning by local or state ordinances (see Documents for example of one proposal), or monetize the large yard areas today.

More Information MLS# 19-1370

Location Info

District: 30 - SB/GOL SOUTH Street #: 6665 Street Name: Pasado Street Suffix: Road State/Province: CA Postal Code: 93117 Compass Map: Santa Barbara Map Grid: E13 County: Santa Barbara Parcel Number: 075-151-009 Cross Street: Camino Del Sur

Contract Info

Current Price: $826,500 Price: 950000 Financing: Fixed Buyers Agent $/%: 2.5 Begin Date: 2019-04-22 Status: Closed

Status Information

Sold Date: 2019-08-05 Sold Price: $826,500 Under Contract Date: 2019-05-22

Property Information

Number of Units: 2 Year Built: 1958 Main House SqFt: 1358 Apx Lot SqFt: 7405 Recurring Fees: No

Neighborhood/Schools

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

Remarks

Hot Sheet Comment: new

Owner Info

Deposit: 3

Unit 1

# Units: 1 # Bedrooms: 2 # Baths: 1 Furnished: Y Rent: 2950 Monthly Total: 2950

Unit 2

# Units: 1 # Baths: 1 Furnished: N Rent: 1750

Income/Expenses

Total Monthly Income: 4700 Annual Income: 56400 Gross Rent Multiplr: 16.84

Meters

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

Property Features

Unit 2: Lease Condition: Average; Fair Foundation: Raised Parking Info: Uncovered; Unc #4 Proximity: Near Bus; Near Ocean; Near Park(s); Near School(s); Near Shopping Laundry: Other Heating/Cooling: Wall Owner Provides: Water; Trash Zoning: Other Terms: Cash; Ctnl Listing Type: ER Contingent Remarks: HOME INSPECTN; LOAN APPROVAL
Listing Office: Berkshire Hathaway HomeServices California Properties
Last Updated: August - 06 - 2019
6665 Pasado Road, SANTA BARBARA, CA 93117- MLS# 19-1370
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

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.

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