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
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.
More Information MLS# 21-583
Location Info
Country: US
Compass Map: Santa Barbara
Map Grid: E13
Cross Street: Camino del Sur
District: 30 - SB/GOL SOUTH
Street #: 6680-6684
Street Name: Sabado Tarde Rd
State: CA
Postal Code: 93117
County: Santa Barbara
Parcel Number: 075-152-059
Contract Info
Buyers Agent $/%: 2
Current Price: $4,447,047
Price: 4500000
Begin Date: 2021-02-16
Status: Closed
Property Information
Year Built: 1958
Stories: 1
Apx # Acres: 0.49
Main House SqFt: 7400
Recurring Fees: No
Number of Units: 7
Neighborhood/Schools
Elementary School: Monte Vista
Junior High School: Gol Valley
High School: Carp. Sr.
Owner Info
Deposit: 3
Remarks
Hot Sheet Comment: new
Condition
Good: 1
Foundation
Slab: 1
Miscellaneous
Parking Spaces: 7
Proximity
Near Bus: 1
Near Ocean: 1
Near School(s): 1
Unit 1
# Units: 5
# Bedrooms: 2
# Baths: 1
# Half Baths: 0
Furnished: N
Rent: 3131.5
Monthly Total: 16250
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
Unit 2
# Units: 1
# Bedrooms: 2
# Baths: 1.5
Furnished: N
Rent: 2850
Monthly Total: 2950
Zoning
R-3: 1
Terms
Cash: 1
VA: 1
FHA: 1
Listing Type
Open: 1
Unit 3
# Units: 1
# Bedrooms: 5
# Baths: 4
Rent: 7500
Monthly Total: 7500
Parking Info
On Street: 1
Status Information
Sold Date: 2021-05-03
Sold Price: $4,447,047
Under Contract Date: 2021-03-24
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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