NOT LISTED FOR SALE

6587 Picasso Rd Goleta, CA 93117

Estimated Value: $1,950,000 - $3,408,000

-- Bed
-- Bath
-- Sq Ft
4,792 Sq Ft Lot

Last Sold January 12, 2017

Last sale price $1,800,000

Est. 66% increase in value since last sale

Current estimated payment $18,796/month

16 Days on Market

Highlights

  • Property is near schools
  • Vinyl Plank Flooring
  • 3-minute walk to Greek Park
  • Isla Vista Elementary School Rated A

About This Home

As of January 2017

Isla Vista income opportunity available. Income producing four-plex is close to campus and the heart of Isla Vista's commercial center. The property has been professionally managed and maintained to the highest standards. Please do not disturb tenants.

Last Agent to Sell the Property

Kenneth Slaught

Investec Properties Inc License #00633615 Listed on: 11/16/2016

Last Buyer's Agent

Brian Bailey

Central Coast Investments License #00680927

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $24,483

Year Built

  • Built in 1970

Lot Details

  • 4,792 Sq Ft Lot
  • Property is in good condition

Home Design

  • Slab Foundation

Schools

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

Additional Features

  • Vinyl Plank Flooring
  • Property is near schools

Listing and Financial Details

  • The owner pays for trash collection, water, gas
  • Assessor Parcel Number 075-061-016

Community Details

Overview

  • 4 Units

Building Details

  • Operating Expense $43,765
  • Gross Income $121,320
  • Net Operating Income $71,314

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$24,483

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1970
  • Income Expenses Annual Income: 121320.0
  • Capitalization Rate: 3.96
  • Gross Rent Multiplier: 15.65
  • Annual Expenses: 43765.0
  • Monthly Income: 10110.0
  • Meters Sep Meter Elec: Y
  • Meters Sep Meter Gas: No
  • Meters Sep Meter Wtr: N
  • ResoLaundryFeatures: None
  • Reso Flooring: Wood/Laminate
  • New Construction: No
  • Reso Property Condition: Good
  • Property Information Year Built2: 1970
  • NeighborhoodSchools Elementary School: Isla Vista
  • NeighborhoodSchools Junior High School: Gol Valley
  • NeighborhoodSchools High School: Dos Pueblos
  • Foundation:Slab: Yes
  • Proximity Near School(s)2: Yes
  • Property Information Apx Lot SqFt: 4792.0
  • Condition Good2: Yes
  • FlrWdw Coverings WoodLaminate2: Yes
  • IncomeExpenses NOI2: 71314
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Acres: 0.11
  • Foundation Details: Slab

Garage/Parking

  • Parking Features: Mixed

Schools

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

Lot Info

  • Parcel #: 075-061-016
  • Zoning: SR
  • Lot Size Sq Ft: 4792.0

Rental Info

  • Owner Pays: Trash Collection, Water, Gas

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 121320.0
  • Annual Operating Expense: 43765.0
  • Total Actual Rent: 10110.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 29, 2021
Sold by
Fudurich David E and Kitson Sarah H
Bought by
6587 Picasso Llc
Total Days on Market
16
Current Estimated Value
$2,996,272

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,054,500
Outstanding Balance
$976,094
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$1,829,363

Purchase Details

Closed on
Sep 13, 2021
Sold by
6587 Picasso Llc
Bought by
Fudurich David E and Kitson Sarah H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,054,500
Outstanding Balance
$976,094
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$1,829,363

Purchase Details

Closed on
Nov 12, 2020
Sold by
Fudurich David E and Kitson Sarah H
Bought by
6587 Picasso Llc

Purchase Details

Closed on
Sep 25, 2019
Sold by
Fudurich David E and Kitson Sarah H
Bought by
6587 Picasso Llc

Purchase Details

Listed on
Nov 16, 2016
Closed on
Dec 20, 2016
Sold by
Rossi Douglas D
Bought by
Fudurich David E and Kitson Sarah H
Seller's Agent
Kenneth Slaught
Investec Properties Inc
Buyer's Agent
Brian Bailey
Central Coast Investments
List Price
$1,800,000
Sold Price
$1,800,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.42%
Original Mortgage
$1,202,925
Interest Rate
4.08%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 6, 2007
Sold by
Dimock Jack A
Bought by
Dimock Jack A
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Date Buyer Sale Price Title Company
6587 Picasso Llc -- None Available
Fudurich David E -- None Available
6587 Picasso Llc -- None Available
6587 Picasso Llc -- None Available
Fudurich David E $1,800,000 Equity Title Santa Barbara
Dimock Jack A -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fudurich David E $1,054,500
Previous Owner Fudurich David E $1,054,500
Previous Owner Fudurich David E $1,202,925
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/12/2017 01/12/17 Sold $1,800,000 0.0% --
12/02/2016 12/02/16 Pending -- -- --
11/16/2016 11/16/16 For Sale $1,800,000 -- --
Source: Santa Barbara Multiple Listing Service

Tax History Compared to Growth

Source: Public Records

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
2023 $24,483 $2,007,929 $669,309 $1,338,620
2022 $23,170 $1,968,559 $656,186 $1,312,373
2021 $22,775 $1,929,961 $643,320 $1,286,641
2020 $22,198 $1,910,173 $636,724 $1,273,449
2019 $21,809 $1,872,720 $624,240 $1,248,480
2018 $21,415 $1,836,000 $612,000 $1,224,000
2017 $17,427 $1,458,600 $540,600 $918,000
2016 $3,263 $131,348 $24,023 $107,325
2014 $3,266 $126,843 $23,200 $103,643
Source: Public Records

Agents Affiliated with this Home

  • Kenneth Slaught

    Seller's Agent in 2017

    Kenneth Slaught

    Investec Properties Inc

    (805) 962-8989

    Kenneth Slaught
    Section Image
  • Brian Bailey

    Buyer's Agent in 2017

    Brian Bailey

    Central Coast Investments

    (805) 637-1031

    4 in this area

    6 Total Sales

    Brian Bailey
    Section Image
See All Agents

Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 16-3757

Santa Barbara Multiple Listing Service

APN: 075-061-016

California Santa Barbara County Goleta 93117

6587 Picasso Rd, Goleta, CA

This home is located at 6587 Picasso Rd, Goleta, CA 93117 since 16 November 2016 and is currently estimated at $2,996,272. This property was built in 1970. 6587 Picasso Rd is a home located in Santa Barbara County with nearby schools including Isla Vista Elementary School, Goleta Valley Junior High School, and Dos Pueblos Senior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Santa Barbara Multiple Listing Service This information is being provided for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties that you may be interested in purchasing. Data relating to real estate for sale on this Website comes from the Internet Data Exchange Program of the Santa Barbara Multiple Listing Service. All information is deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither the Santa Barbara Multiple Listing Service nor the listing broker(s) shall be responsible for any typographical errors, misinformation, or misprints.
Copyright 2025 Santa Barbara Multiple Listing Service. All rights reserved.

Nearby Homes