NOT LISTED FOR SALE

6587 Cervantes Rd Goleta, CA 93117

1 Bed
1 Bath
14,850 Sq Ft
1 Acres

Last Sold April 12, 2022

Last sale price $9,514,080 $641 Per Sq Ft

17 Days on Market

Highlights

  • Property is near an ocean
  • 1 Acre Lot
  • 5-minute walk to Greek Park
  • Isla Vista Elementary School Rated A
  • Property is near park, public transit, schools, shops, and bus stop

About This Home

As of April 2022

NEVER BEFORE on the market for purchase are 759 Embarcadero Del Mar & 6587 Cervantes Road.
This property consists of two (2) apartment buildings and additional land. 759 Embarcadero Del Mar (8 Units) & 6587 Cervantes Rd. (14 Units), as well as approximately 13,925 SF of additional land that is currently being used for parking. In 2018 there was a new roof added, new windows were installed and the buildings were freshly painted. There is a single main water line servicing the entire property which allows for the potential for additional units to be added on the portion of undeveloped land. This is a well maintained investment property with expansive upside potential in Isla Vista. A great investment opportunity to own student housing at one of the top five public universities in the nation.

CALL TO OFFERS: November 5, 2021

Last Agent to Sell the Property

Steve Golis

Radius Group Commercial R.E. License #00772218 Listed on: 10/25/2021

Radius Group Commercial R.E.

Co-Listed By

Michael Chenoweth

Radius Group Commercial R.E. License #01213196

Last Buyer's Agent

Steven Golis

Pacifica Commercial Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 1

Parking

  • 24 Parking Spaces

Home Design

  • 14,850 Sq Ft Home

Additional Features

  • Property is near an ocean
  • 1 Acre Lot
  • Property is near park, public transit, schools, shops, and bus stop

Community Details

  • 22 Units

Listing and Financial Details

  • Assessor Parcel Number 075-032-008

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1963
  • Miscellaneous Parking Spaces: 24.0
  • ResoLotFeatures: Near Public Transit
  • Co List Office Mls Id: rad
  • Co List Office Phone: 805-965-5500
  • Property Information Year Built2: 1963
  • NeighborhoodSchools Elementary School: Other
  • NeighborhoodSchools Junior High School: Other
  • NeighborhoodSchools High School: Other
  • Proximity Near Ocean2: Yes
  • Proximity Near Park(s)2: Yes
  • Proximity Near School(s)2: Yes
  • Property Information Main House SqFt: 14850.0
  • Proximity Near Shopping2: Yes
  • Property Information Apx Lot SqFt: 43560.0
  • Proximity Near Bus: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Acres: 1.0

Garage/Parking

  • Total Parking Spaces: 24.0

Schools

  • Elementary School: Other
  • High School: Other
  • Middle Or Junior School: Other

Lot Info

  • Parcel #: 075-032-008
  • Zoning: Other
  • Lot Size Sq Ft: 43560.0

Multi Family

  • Number Of Units Total: 22
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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
04/12/2022 04/12/22 Sold $9,514,080 -9.4% $641 / Sq Ft
11/11/2021 11/11/21 Pending -- -- --
10/25/2021 10/25/21 For Sale $10,500,000 -- $707 / Sq Ft
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 $117,746 $10,096,415 $4,622,621 $5,473,794
2023 $117,746 $9,704,361 $4,443,120 $5,261,241
2022 $15,820 $472,755 $119,648 $353,107
2021 $15,588 $463,619 $117,302 $346,317
2020 $15,397 $458,936 $116,100 $342,836
2019 $15,257 $450,072 $113,824 $336,248
2018 $15,108 $441,382 $111,593 $329,789
2017 $14,497 $432,861 $109,405 $323,456
2016 $13,157 $424,508 $107,260 $317,248
2014 $11,137 $410,176 $103,580 $306,596
Source: Public Records

Agents Affiliated with this Home

  • Steve Golis

    Seller's Agent in 2022

    Steve Golis

    Radius Group Commercial R.E.

    (805) 879-9624

    17 in this area

    90 Total Sales

    Steve Golis
    Section Image
  • Michael Chenoweth

    Seller Co-Listing Agent in 2022

    Michael Chenoweth

    Radius Group Commercial R.E.

    (805) 879-9608

    1 in this area

    13 Total Sales

    Michael Chenoweth
    Section Image

  • S

    Buyer's Agent in 2022

    Steven Golis

    Pacifica Commercial Realty

See All Agents

Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 21-3944

Santa Barbara Multiple Listing Service
California Santa Barbara County Goleta 93117

6587 Cervantes Rd, Goleta, CA

Not Listed for Sale

MultiFamily

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