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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
6680-6684 Sabado Tarde Rd, GOLETA, CA 93117- MLS# 21-583
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

The data relating to real estate for sale on this web site comes from the Internet Data Exchange Program of the Santa Barbara Multiple Listing Service. Real estate listings held by brokerage firms other than the displaying broker(s) are marked with the 'MLS' logo and detailed information about them includes the name of the listing brokers. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor displaying broker shall be responsible for any typographical errors, misinformation, or misprints. 2015 Santa Barbara Multiple Listing Service. All rights reserved.

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