NOT LISTED FOR SALE

6587 Picasso Rd Goleta, CA 93117

Isla Vista Area

Estimated Value: $1,626,000 - $4,410,000

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

Sale Details

Date Sold: January 12, 2017

Last sale price $1,800,000

Est. 51% increase in value since last sale

Current estimated payment $16,941 / mo

16 Days on Market

Highlights

  • Wood Flooring
  • Property is near schools
  • 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

Year Built

  • Built in 1970

Lot Details

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

Home Design

  • Slab Foundation

Flooring

  • Wood
  • Vinyl Plank

Location

  • Property is near schools

Schools

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

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

Year Built

Built in 1970

Lot Details

4,792 Sq Ft Lot

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

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
Oct 29, 2021
Sold by
Bought by
Current Estimated Value
$2,721,858

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
Interest Rate
0.028%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 13, 2021
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
$1,054,500
Interest Rate
0.028%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 12, 2020
Sold by
Bought by

Purchase Details

Closed on
Sep 25, 2019
Sold by
Bought by

Purchase Details

Listed on
Nov 16, 2016
Closed on
Dec 20, 2016
Sold by
Bought by
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
4.43%
Original Mortgage
$1,202,925
Interest Rate
0.0408%
Mortgage Type
New Conventional

Purchase Details

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

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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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
-- None Listed On Document
-- None Available
-- None Available
-- None Available
$1,800,000 Equity Title Santa Barbara
-- 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 $1,054,500
Previous Owner $1,054,500
Previous Owner $1,202,925
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
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

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 $25,322 $2,130,826 $710,274 $1,420,552
2025 $24,483 $2,089,047 $696,348 $1,392,699
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

    5 Total Sales

    Brian Bailey
    Section Image
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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

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