948 Camino Del Sur, GOLETA, CA 93117
$2,850,000
Property Type:
Res Inc
Square Footage:
3,439
Lot Size (sq. ft.):
10,018
Status:
Closed
Current Price:
$2,850,000
List Date:
5/21/2024
Last Modified:
4/09/2025
Description
100% Leased for 2024/2025 School Year! Wonderfully maintained and updated student housing asset in the heart of Isla Vista consisting of three separate structures. This asset is only a short walk to the beach and IV's popular eateries while being blocks away from UCSB's campus. Nestled conveniently on the corner of Camino Del Sur and Pasado Road, these houses offer a combined ten bedrooms and six full baths. Tenants enjoy the convenience of off street parking and a private front yard. The property has recently been outfitted with new roofs and windows. The original structure includes two houses positioned at the rear of the lot, while a new front house, added as an ADU in September 2023, completes the trio.
More Information MLS# 24-1651
Location Info
Country: US
Compass Map: Santa Barbara
Map Grid: E13
Cross Street: Pasado
District: 30 - SB/GOL SOUTH
Street #: 948
Street Name: Camino Del Sur
State: CA
Postal Code: 93117
County: Santa Barbara
Parcel Number: 075-102-024
Property Information
Year Built: 1960
Apx Lot SqFt: 10018
Main House SqFt: 3439
Recurring Fees: No
Number of Units: 3
Neighborhood/Schools
Elementary School: Isla Vista
Junior High School: Other
High School: Dos Pueblos
Owner Info
Deposit: 3
Remarks
Hot Sheet Comment: new
Unit 1
# Units: 1
# Bedrooms: 5
# Baths: 3
# Half Baths: 0
Furnished: N
Rent: 9650
Monthly Total: 9650
Income/Expenses
Total Monthly Income: 275040
Capitalization Rate: 6.14
NOI: 196,420
Unit 2
# Units: 2
# Bedrooms: 3
# Baths: 2
Monthly Total: 7920
Zoning
Other: 1
Terms
Cash: 1
Conventional: 1
Listing Type
EA: 1
Unit 3
# Units: 3
# Bedrooms: 3
Monthly Total: 5350
Contract Info
Current Price: $2,850,000
Price: 3200000
Begin Date: 2024-05-21
Status: Closed
Status Information
Sold Date: 2024-09-16
Sold Price: $2,850,000
Under Contract Date: 2024-08-12
Property Features
Zoning: Other
Terms: Cash; Conventional
Listing Type: EA
Listing Office:
Radius Group Commercial R.E.
Last Updated: April - 09 - 2025
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