NOT LISTED FOR SALE

6509 Seville Rd Goleta, CA 93117

Isla Vista Area
-- Bed
-- Bath
-- Sq Ft
6,502 Sq Ft Lot

Sale Details

Date Sold: April 26, 2016

Last sale price $3,425,000

25 Days on Market

Highlights

  • Property is near an ocean
  • Deck
  • Laundry Room
  • Isla Vista Elementary School Rated A
  • Property is near park, public transit, schools, shops, and bus stop
  • 2-minute walk to People's Park

About This Home

As of April 2016

Do you want location? How about one parcel - that is 100 feet to the UCSB campus? This attractive, perfectly located building features a nice diverse mix of units with substantial upside rental potential. Eight units feature either a balcony or patio. Location, demographics and the new UCSB enrollment plan make for a perfect investment!

Last Agent to Sell the Property

Brian Bailey

Central Coast Investments License #00680927 Listed on: 03/10/2016

Last Buyer's Agent

Robert Adams

Lee & Associates

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 6,502 Sq Ft Lot
  • Partially Fenced Property
  • Property is in good condition

Home Design

  • Slab Foundation

Flooring

  • Carpet
  • Vinyl

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 3 Open Parking Spaces
  • 10 Parking Spaces
  • 7 Carport Spaces

Outdoor Features

  • Property is near an ocean
  • Deck

Schools

  • Isla Vista Elementary School
  • Gol Valley Middle School
  • Dos Pueblos High School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Individual Gas Meter

Additional Features

  • 2-Story Property
  • Property is near park, public transit, schools, shops, and bus stop

Listing and Financial Details

  • Assessor Parcel Number 075-172-004

Community Details

Overview

  • 10 Units

Building Details

  • Electric Expense $600
  • Fuel Expense $1,656
  • Trash Expense $3,756
  • Water Sewer Expense $2,580
  • Gross Income $217,440
  • Net Operating Income $147,982

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

6,502 Sq Ft Lot

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1963
  • Income Expenses Annual Income: 217440.0
  • Capitalization Rate: 4.29
  • Income Expenses Electric Expense: 600.0
  • Income Expenses Gas Expense: 1656.0
  • Gross Rent Multiplier: 15.87
  • Monthly Income: 16850.0
  • Income Expenses Trash Expense: 3756.0
  • Income Expenses Water Expense: 2580.0
  • Meters Sep Meter Elec: Y
  • Meters Sep Meter Gas: Yes
  • Miscellaneous Parking Spaces: 10.0
  • Building Stories: 2
  • ResoLaundryFeatures: Laundry Room
  • ResoLotFeatures: Near Public Transit
  • Carport Y N: Yes
  • Reso Flooring: Vinyl, Carpet
  • New Construction: No
  • Reso Property Condition: Good
  • Property Information Year Built2: 1963
  • NeighborhoodSchools Elementary School: Isla Vista
  • NeighborhoodSchools Junior High School: Gol Valley
  • NeighborhoodSchools High School: Dos Pueblos
  • HeatingCooling Wall3: Yes
  • Parking Info Carport2: Yes
  • Parking Info Uncovered: Yes
  • Parking Info Total # Carport Spaces2: 7.0
  • Parking Info Total # Unconvered Spaces: 3.0
  • Foundation:Slab: Yes
  • Proximity Near Ocean2: Yes
  • Proximity Near Park(s)2: Yes
  • Proximity Near School(s)2: Yes
  • Laundry Laundry Room2: Yes
  • Proximity Near Shopping2: Yes
  • Property Information Apx Lot SqFt: 6502.0
  • Condition Good2: Yes
  • Proximity Near Bus: Yes
  • FlrWdw Coverings Carpet: Yes
  • General Property Information Stories2: 2.0
  • Amenities Deck2: Yes
  • Amenities Washer2: Yes
  • Amenities Dryer2: Yes
  • FlrWdw Coverings Vinyl2: Yes
  • Income Expenses Actual: Yes
  • Amenities Fncd Prt: Yes
  • IncomeExpenses NOI2: 147982
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Exterior Features

  • Acres: 0.15
  • Foundation Details: Slab

Garage/Parking

  • Open Parking Spaces: 3.0
  • Parking Features: Carport, Uncovered, Cpt #7
  • Total Parking Spaces: 10.0

Fee Information

  • Annual Fuel Expense: 1656.0
  • Trash Expense: 3756.0
  • Annual Water Sewer Expense: 2580.0

Schools

  • Elementary School: Isla Vista
  • High School: Dos Pueblos
  • Middle Or Junior School: Gol Valley

Lot Info

  • Parcel #: 075-172-004
  • Zoning: SR
  • Lot Size Sq Ft: 6502.0

Multi Family

  • Number Of Units Total: 10
  • Electric Expense: 600.0
  • Annual Gross Income: 217440.0
  • Total Actual Rent: 16850.0

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 10, 2016
Closed on
Apr 20, 2016
Sold by
Bought by
Seller's Agent
Brian Bailey
Central Coast Investments
Buyer's Agent
Robert Adams
Lee & Associates
List Price
$3,450,000
Sold Price
$3,425,000
Premium/Discount to List
-$25,000
-0.72%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,750,000
Interest Rate
0.0357%
Mortgage Type
Commercial

Purchase Details

Closed on
May 5, 2006
Sold by
Bought by

Purchase Details

Closed on
Jun 25, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$950,000
Interest Rate
0.0592%
Mortgage Type
Commercial
Source: Public Records
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$3,425,000 First American Title Company
-- None Available
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $1,000,000
Open $1,500,000
Closed $1,800,000
Closed $1,750,000
Previous Owner $1,200,000
Previous Owner $950,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
04/26/2016 04/26/16 Sold $3,425,000 -0.7% --
04/04/2016 04/04/16 Pending -- -- --
03/10/2016 03/10/16 For Sale $3,450,000 -- --
Source: Santa Barbara Multiple Listing Service

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2026 $49,673 $4,135,589 $2,052,701 $2,082,888
2025 $47,825 $4,054,500 $2,012,452 $2,042,048
2023 $47,825 $3,897,060 $1,934,307 $1,962,753
2022 $44,998 $3,820,648 $1,896,380 $1,924,268
2021 $44,253 $3,745,735 $1,859,197 $1,886,538
2020 $43,142 $3,707,328 $1,840,134 $1,867,194
2019 $42,393 $3,634,636 $1,804,053 $1,830,583
2018 $41,638 $3,563,370 $1,768,680 $1,794,690
2017 $40,778 $3,493,500 $1,734,000 $1,759,500
2016 $15,013 $1,063,843 $380,879 $682,964
2015 $14,723 $1,047,939 $375,158 $672,781
2014 $14,356 $1,027,511 $367,810 $659,701
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 16-779

Santa Barbara Multiple Listing Service
Your Personal Tour Guide

Ask me questions while you tour the home.