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:
5/10/2021
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
District: 30 - SB/GOL SOUTH
Street #: 6680-6684
Street Name: Sabado Tarde Rd
State/Province: CA
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
Current Price: $4,447,047
Price: 4500000
Buyers Agent $/%: 2
Begin Date: 2021-02-16
Status: Closed
Status Information
Sold Date: 2021-05-03
Sold Price: $4,447,047
Under Contract Date: 2021-03-24
Property Information
Number of Units: 7
Stories: 1
Year Built: 1958
Main House SqFt: 7400
Apx # Acres: 0.49
Recurring Fees: No
Neighborhood/Schools
Elementary School: Monte Vista
Junior High School: Gol Valley
High School: Carp. Sr.
Remarks
Hot Sheet Comment: new
Owner Info
Deposit: 3
Miscellaneous
Parking Spaces: 7
Unit 1
# Units: 5
# Bedrooms: 2
# Baths: 1
Furnished: N
Rent: 3131.5
Monthly Total: 16250
Unit 2
# Units: 1
# Bedrooms: 2
# Baths: 1.5
Furnished: N
Rent: 2850
Monthly Total: 2950
Unit 3
# Units: 1
# Bedrooms: 5
# Baths: 4
Rent: 7500
Monthly Total: 7500
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
Property Features
Condition: Good
Foundation: Slab
Parking Info: 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: May - 10 - 2021
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