6744 Sabado Tarde Road, GOLETA, CA 93117 (MLS# 24-1211)

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6744 Sabado Tarde Road, GOLETA, CA 93117

$1,850,000

Property Type: Res Inc Lot Size (sq. ft.): 4,792 Status: Closed

Current Price: $1,850,000 List Date: 4/17/2024 Last Modified: 9/15/2024

Overview

Description

Situated in the highly sought-after rental market of Isla Vista, the Turn-Key Duplex on Sabado Tarde offers an exceptional student housing opportunity. Located just moments from the prestigious University of California, Santa Barbara (UCSB), this meticulously remodeled 2-unit property presents a rare 5.2% cap rate based on current rents. The property features coveted amenities including off-street parking, a fenced backyard, and the potential for an Accessory Dwelling Unit (ADU) on its 4,791 SF parcel. Property is constantly leased at top market rents due to the renovated kitchens and bathrooms, alongside convenient in unit laundry machines and well-designed living spaces.

Listing Details MLS# 24-1211

Location Info

District: 35 - SB/GOL NORTH
Street #: 6744
Street Name: Sabado Tarde
Street Suffix: Road
State: CA
Country: US
Postal Code: 93117
Compass Map: Santa Barbara
Map Grid: E13
County: Santa Barbara
Parcel Number: 075-142-058
Cross Street: Camino Del Sur

Contract Info

Price: 1899000
Financing: Exchange
Begin Date: 2024-04-17
Buyers Agent $/%: 0

Status Information

Sold Date: 2024-06-11
Under Contract Date: 2024-04-26

Property Information

Number of Units: 2
Apx # Acres: 0.11
Recurring Fees: No
Year Built: 0

Remarks

Hot Sheet Comment: new

Owner Info

Deposit: 3

More Information

Unit 1

# Units: Yes
# Bedrooms: 3
# Baths: 2
Furnished: N
Rent: 5700
Monthly Total: 5700
# Half Baths: 0
Lease: Yes

Unit 2

# Units: Yes
# Bedrooms: 2
# Baths: Yes
# Half Baths: Yes
Rent: 6000
Monthly Total: 6000
Lease: Yes

Meters

Sep Meter Elec: Y
Sep Meter Gas: Yes

Neighborhood/Schools

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

Condition

Excellent: Yes
Good: Yes

Foundation

Slab: Yes

Proximity

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

Laundry

In Unit: Yes

Income/Expenses

Total Monthly Income: 11700
Actual: Yes

Security

Smoke Detector(s): Yes

Zoning

R-2: Yes

Terms

Cash: Yes
Conventional: Yes

Listing Type

ER: Yes

Flr/Wdw Coverings

Tile: Yes
Vinyl Plank: Yes

Property Features

Unit 1: Lease Unit 2: Lease Condition: Excellent; Good Foundation: Slab Proximity: Near Bus; Near Ocean; Near Park(s); Near School(s); Near Shopping Laundry: In Unit Security: Smoke Detector(s) Zoning: R-2 Terms: Cash; Conventional Listing Type: ER

Listing Office: Beachside Partners

Last Updated: September - 15 - 2024

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