6680-6684 Sabado Tarde Rd, GOLETA, CA 93117 (MLS# 21-583)

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6680-6684 Sabado Tarde Rd, GOLETA, CA 93117

$4,447,047

Property Type: Res Inc Square Footage: 7,400 Lot Size (sq. ft.): 21,344 Status: Closed

Current Price: $4,447,047 List Date: 2/16/2021 Last Modified: 9/15/2024

Overview

Description

We are proud to present this extremely rare and unique portfolio offering of 7 total units on 4 different lots, all of which are in the dense, student populated, UC Santa Barbara, Isla Vista community of Santa Barbara County, and are all conveniently located within 2 blocks of one another. This 4-property, 7-unit portfolio is comprised of three duplexes, all of which contain 2-bed units, and one large, approx. 2,500 SF, 5-bed/4-bath house equipped with modern finishes, a large, fenced yard, and a rooftop deck with 360 degree views of the Santa Barbara mountains and coastline – the only one of its kind in Isla Vista. Each of the properties are either on Del Playa or Sabado Tarde, which are oceanfront, and one street off of oceanfront, respectively.

Listing Details MLS# 21-583

Location Info

District: 30 - SB/GOL SOUTH
Street #: 6680-6684
Street Name: Sabado Tarde Rd
State: CA
Country: US
Postal Code: 93117
Compass Map: Santa Barbara
Map Grid: E13
County: Santa Barbara
Parcel Number: 075-152-059
Cross Street: Camino del Sur

Contract Info

Price: 4500000
Buyers Agent $/%: 2
Begin Date: 2021-02-16

Status Information

Sold Date: 2021-05-03
Under Contract Date: 2021-03-24

Property Information

Number of Units: 7
Stories: Yes
Year Built: 1958
Main House SqFt: 7400
Apx # Acres: 0.49
Recurring Fees: No

Remarks

Hot Sheet Comment: new

Owner Info

Deposit: 3

More Information

Miscellaneous

Parking Spaces: 7

Unit 1

# Units: 5
# Bedrooms: 2
# Baths: Yes
Furnished: N
Rent: 3131.5
Monthly Total: 16250
# Half Baths: 0

Unit 2

# Units: Yes
# Bedrooms: 2
# Baths: 1.5
Furnished: N
Rent: 2850
Monthly Total: 2950

Unit 3

# Units: Yes
# Bedrooms: 5
# Baths: 4
Rent: 7500
Monthly Total: 7500

Neighborhood/Schools

Elementary School: Monte Vista
Junior High School: Gol Valley
High School: Carp. Sr.

Condition

Good: Yes

Foundation

Slab: Yes

Proximity

Near Bus: Yes
Near Ocean: Yes
Near School(s): Yes

Income/Expenses

Total Monthly Income: 26700
Other Income: 700
Annual Income: 320400
Gross Rent Multiplr: 14.04
Capitalization Rate: 4.57
Taxes: 46800
Insurance: 3700
Trash Expense: 10200
Maintenance Expense: 3500
Total Annual Exp: 105710
NOI: 205778
Debit Service: 1.22
Cash Flow: 3.24

Zoning

R-3: Yes

Terms

Cash: Yes
VA: Yes
FHA: Yes

Listing Type

Open: Yes

Parking Info

On Street: Yes

Property Features

Condition: Good Foundation: Slab Parking Info: On Street Proximity: Near Bus; Near Ocean; Near School(s) Zoning: R-3 Terms: Cash; VA; FHA Listing Type: Open

Listing Office: Marcus and Millichap

Last Updated: September - 15 - 2024

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