NOT LISTED FOR SALE

6510 Sabado Tarde Rd Goleta, CA 93117

-- Bed
-- Bath
-- Sq Ft
1965 Built

Last Sold July 12, 2016

Last sale price $2,960,000

11 Days on Market

Highlights

  • Property is near an ocean
  • Deck
  • Wood Flooring
  • Isla Vista Elementary School Rated A
  • Property is near park, public transit, schools, shops, and bus stop
  • 3-minute walk to Little Acorn Park

About This Home

As of July 2016

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!

Last Agent to Sell the Property

Ken Switzer

Berkshire Hathaway HomeServices California Properties License #01245644 Listed on: 06/02/2016

Berkshire Hathaway HomeServices California Properties

Last Buyer's Agent

Ken Switzer

Berkshire Hathaway HomeServices California Properties License #01245644 Listed on: 06/02/2016

Berkshire Hathaway HomeServices California Properties

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1965

Home Design

  • Slab Foundation

Flooring

  • Wood
  • Carpet
  • Vinyl Plank
  • Vinyl

Parking

  • 14 Parking Spaces
  • Carport
  • Uncovered Parking

Outdoor Features

  • Property is near an ocean
  • Deck
  • Patio

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

  • Laundry Room
  • Property is in excellent condition
  • Property is near park, public transit, schools, shops, and bus stop

Listing and Financial Details

  • The owner pays for trash collection, water
  • Assessor Parcel Number 075-173-028

Community Details

Overview

  • 9 Units

Building Details

  • Insurance Expense $3,000
  • Maintenance Expense $19,000
  • Trash Expense $4,500
  • Water Sewer Expense $3,500
  • New Taxes Expense $37,500
  • Operating Expense $82,500
  • Gross Income $199,800
  • Net Operating Income $117,300

Property Details

Home Type

Multi-Family

Year Built

Built in 1965

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1965
  • Income Expenses Annual Income: 199800.0
  • Capitalization Rate: 3.72
  • Gross Rent Multiplier: 15.77
  • Maintenance Expense: 19000.0
  • Annual Expenses: 82500.0
  • Monthly Income: 16650.0
  • Income Expenses Trash Expense: 4500.0
  • Income Expenses Water Expense: 3500.0
  • Meters Sep Meter Elec: Y
  • Meters Sep Meter Gas: Yes
  • Meters Sep Meter Wtr: N
  • Miscellaneous Parking Spaces: 14.0
  • ResoLaundryFeatures: Laundry Room
  • ResoLotFeatures: Near Public Transit
  • Income And Expenses Maintenance Expense: 19000.0
  • Reso Flooring: Vinyl, Carpet, Wood/Laminate
  • New Construction: No
  • Reso Property Condition: Excellent, Good
  • Property Information Year Built2: 1965
  • 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
  • Condition Excellent: Yes
  • 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
  • Condition Good2: Yes
  • Proximity Near Bus: Yes
  • FlrWdw Coverings Carpet: Yes
  • FlrWdw Coverings WoodLaminate2: Yes
  • Amenities Deck2: Yes
  • Amenities Patio2: Yes
  • IncomeExpenses Taxes6: 37500.0
  • FlrWdw Coverings Vinyl2: Yes
  • Income Expenses Actual: Yes
  • IncomeExpenses NOI2: 117300
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Foundation Details: Slab

Garage/Parking

  • Parking Features: Carport, Uncovered
  • Total Parking Spaces: 14.0

Fee Information

  • Trash Expense: 4500.0
  • Annual Water Sewer Expense: 3500.0

Schools

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

Lot Info

  • Parcel #: 075-173-028
  • Zoning: Other

Rental Info

  • Owner Pays: Trash Collection, Water

Multi Family

  • Number Of Units Total: 9
  • Annual Gross Income: 199800.0
  • Insurance Expense: 3000.0
  • Annual Operating Expense: 82500.0
  • Total Actual Rent: 16650.0
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/12/2016 07/12/16 Sold $2,960,000 -6.0% --
06/13/2016 06/13/16 Pending -- -- --
06/02/2016 06/02/16 For Sale $3,150,000 -- --
Source: Santa Barbara Multiple Listing Service

Tax History

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
2025 $41,392 $3,435,329 $1,624,818 $1,810,511
2023 $41,392 $3,301,932 $1,561,725 $1,740,207
2022 $38,782 $3,237,189 $1,531,103 $1,706,086
2021 $38,146 $3,173,716 $1,501,082 $1,672,634
2020 $37,202 $3,141,175 $1,485,691 $1,655,484
2019 $36,566 $3,079,584 $1,456,560 $1,623,024
2018 $35,924 $3,019,200 $1,428,000 $1,591,200
2017 $35,160 $2,960,000 $1,400,000 $1,560,000
2016 $25,041 $2,037,726 $735,650 $1,302,076
2015 $24,634 $2,007,186 $724,600 $1,282,586
2014 $24,108 $1,967,958 $710,407 $1,257,551
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 16-1864

Santa Barbara Multiple Listing Service
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