NOT LISTED FOR SALE

6510 Sabado Tarde Rd Goleta, CA 93117

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

Sale Details

Date 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

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

Closed on
Nov 8, 2016
Sold by
Bought by

Purchase Details

Listed on
Jun 2, 2016
Closed on
Jul 7, 2016
Sold by
Bought by
Seller's Agent
Ken Switzer
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Ken Switzer
Berkshire Hathaway HomeServices California Properties
List Price
$3,150,000
Sold Price
$2,960,000
Premium/Discount to List
-$190,000
-6.03%

Purchase Details

Closed on
Mar 17, 2014
Sold by
Bought by

Purchase Details

Closed on
Aug 10, 2006
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
$1,350,750
Interest Rate
0.0646%
Mortgage Type
Commercial
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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
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

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 $43,119 $3,504,035 $1,657,314 $1,846,721
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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