948 Camino Del Sur, GOLETA, CA 93117
$3,200,000
Property Type:
Res Inc
Square Footage:
3,439
Lot Size (sq. ft.):
10,018
Status:
Active
Current Price:
$3,200,000
List Date:
5/21/2024
Last Modified:
5/21/2024
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
District: 30 - SB/GOL SOUTH
Street #: 948
Street Name: Camino Del Sur
State/Province: CA
Postal Code: 93117
Compass Map: Santa Barbara
Map Grid: E13
County: Santa Barbara
Parcel Number: 075-102-024
Cross Street: Pasado
Contract Info
Current Price: $3,200,000
Price: 3200000
Buyers Agent $/%: 2
Begin Date: 2024-05-21
Status: Active
Property Information
Number of Units: 3
Year Built: 1960
Main House SqFt: 3439
Apx Lot SqFt: 10018
Recurring Fees: No
Neighborhood/Schools
Elementary School: Isla Vista
Junior High School: Other
High School: Dos Pueblos
Remarks
Hot Sheet Comment: new
Owner Info
Deposit: 3
Unit 1
# Units: 1
# Bedrooms: 5
# Baths: 3
Furnished: N
Rent: 9650
Monthly Total: 9650
Unit 2
# Units: 2
# Bedrooms: 3
# Baths: 2
Monthly Total: 7920
Unit 3
# Units: 3
# Bedrooms: 3
Monthly Total: 5350
Income/Expenses
Total Monthly Income: 275040
Capitalization Rate: 6.14
NOI: 196,420
Property Features
Zoning: Other
Terms: Cash; Ctnl
Listing Type: EA
Listing Office: Radius Group Commercial R.E.
Last Updated: May - 21 - 2024
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