6510 Sabado Tarde Road, GOLETA, CA 93117
$2,960,000
Property Type:
Res Inc
Status:
Closed
Current Price:
$2,960,000
List Date:
6/02/2016
Last Modified:
4/18/2019
Description
Best location in Isla Vista! Rarely is there a mid-size building available for sale in Isla Vista in such a prime location - 9 units literally 100 feet from campus and 2 blocks from the ocean. Unit mix is 2x2/1, 6x1/1, 1xStudio. Serviceable-condition apartments but with upside potential for the energetic investor. 7 of 9 units have decks or patios, there is ample off-site parking. Don't miss!
More Information MLS# 16-1864
Location Info
District: 30 - SB/GOL SOUTH
Street #: 6510
Street Name: Sabado Tarde
Street Suffix: Road
State/Province: CA
Postal Code: 93117
Compass Map: Santa Barbara
Map Grid: F13
County: Santa Barbara
Parcel Number: 075-173-028
Cross Street: Embarcadero Del Nort
Contract Info
Current Price: $2,960,000
Price: 3150000
Financing: Cash
Buyers Agent $/%: 2.5
Begin Date: 2016-06-02
Status: Closed
Status Information
Sold Date: 2016-07-12
Sold Price: $2,960,000
Under Contract Date: 2016-06-13
Property Information
Number of Units: 9
Year Built: 1965
Recurring Fees: No
Neighborhood/Schools
Elementary School: Isla Vista
Junior High School: Gol Valley
High School: Dos Pueblos
Remarks
Hot Sheet Comment: new
Owner Info
Deposit: 3
Miscellaneous
Parking Spaces: 14
# Refrigerators: 9
# Stoves: 9
Unit 1
# Units: 2
# Bedrooms: 2
# Baths: 1
Furnished: N
Rent: 2950
Monthly Total: 5900
Unit 2
# Units: 6
# Bedrooms: 1
# Baths: 1
Furnished: N
Rent: 1524
Monthly Total: 9140
Unit 3
# Units: 1
# Baths: 1
Furnished: N
Rent: 1425
Monthly Total: 1425
Income/Expenses
Total Monthly Income: 16650
Other Income: 185
Annual Income: 199800
Gross Rent Multiplr: 15.77
Capitalization Rate: 3.72
Taxes: 37500
Insurance: 3000
Water Expense: 3500
Trash Expense: 4500
Maintenance Expense: 19000
Total Annual Exp: 82500
NOI: 117300
Meters
Sep Meter Wtr: N
Sep Meter Elec: Y
Sep Meter Gas: Yes
Property Features
Income/Expenses: Actual
Condition: Excellent; Good
Foundation: Slab
Parking Info: Carport; Uncovered
Proximity: Near Bus; Near Ocean; Near Park(s); Near School(s); Near Shopping
Laundry: Laundry Room
Amenities: Deck; Patio
Flr/Wdw Coverings: Carpet; Wood/Laminate; Vinyl
Heating/Cooling: Wall
Owner Provides: Water; Trash
Zoning: Other
Terms: Cash; Ctnl
Listing Type: ER
Contingent Remarks: HOME INSPECTN
Documents
Property Brochure ›Listing Office: Berkshire Hathaway HomeServices California Properties
Last Updated: April - 18 - 2019
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