6656 Picasso Road, ISLA VISTA, CA 93117
$2,000,000
Property Type:
Res Inc
Lot Size (sq. ft.):
11,761
Status:
Closed
Current Price:
$2,000,000
List Date:
10/03/2012
Last Modified:
4/19/2019
Description
This apartment building is located across the street from a park in central Isla Vista. There are six townhouse-style 2+1.75 units ($1,995-$2,580) and four 1+1 units ($1,000-$1,320). Eight units have fenced patio areas. The attached laundry room includes owned machines. The rear parking area is accessed via an alley. Planned long-term enrollment increases at UCSB make this a great investment.
More Information MLS# 12-3141
Location Info
District: 30 - SB/GOL SOUTH
Street #: 6656
Street Name: Picasso
Street Suffix: Road
State/Province: CA
Postal Code: 93117
Compass Map: Santa Barbara
Map Grid: E12
County: Santa Barbara
Parcel Number: 075-020-019
Cross Street: Camino Del Sur
Contract Info
Current Price: $2,000,000
Price: 2379000
Financing: CTEL
Buyers Agent $/%: 2.5
Begin Date: 2012-10-03
Status: Closed
Status Information
Sold Date: 2013-02-01
Sold Price: $2,000,000
Under Contract Date: 2012-10-20
Property Information
Number of Units: 10
Stories: 2
Year Built: 1961
Apx Lot Size FxD: 72.5' x 162.27' approx
Apx # Acres: 0.27
Apx Lot SqFt: 11761.2
Assessor's Data
Assessor Year Built: 1961
Assessor SqFt: 7612
Assessor Lot Acres: 0.27
Neighborhood/Schools
Neighborhood: Other
Elementary School: Isla Vista
Junior High School: Gol Valley
High School: Dos Pueblos
Remarks
Hot Sheet Comment: new
Owner Info
Deposit: 70000
Miscellaneous
Parking Spaces: 10
# Refrigerators: 10
# Stoves: 10
Unit 1
# Units: 4
# Bedrooms: 1
# Baths: 1
Furnished: N
Rent: 4865
Monthly Total: 4865
Unit 2
# Units: 6
# Baths: 1.75
Monthly Total: 12965
Income/Expenses
Total Monthly Income: 17830
Other Income: 129
Annual Income: 213960
Gross Rent Multiplr: 11.01
Capitalization Rate: 5.22
Insurance: 3110
Electric Expense: 6505
Gas Expense: 4052
Trash Expense: 3605
Meters
Sep Meter Wtr: N
Sep Meter Elec: N
Sep Meter Gas: No
Property Features
Unit 1: Lease
Unit 2: Lease
Income/Expenses: Actual; Estimated
Condition: Good; Average
Foundation: Slab
Parking Info: Uncovered
Proximity: Near Bus; Near Ocean; Near Park(s); Near School(s)
Laundry: Laundry Room
Amenities: Deck; Refrigerator; Fncd Prt
Flr/Wdw Coverings: Carpet; Vinyl
Heating/Cooling: Wall
Owner Provides: Heat; Elec; Gas; Water; Trash; Other
Zoning: SR
Reports Available: Pest Inspection; Prelim; NHD
Terms: Ctnl; Ctel
Listing Type: ER
Contingent Remarks: HOME INSPECTN; LOAN APPROVAL; REPORTS
Listing Office: Central Coast Investments
Last Updated: April - 19 - 2019
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