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
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