NOT LISTED FOR SALE

6589 Madrid Rd Goleta, CA 93117

Estimated Value: $2,411,000 - $4,069,000

Studio
-- Bath
4,000 Sq Ft
$724/Sq Ft Est. Value

Last Sold May 10, 2018

Last sale price $2,000,000 $500 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $17,342/month

25 Days on Market

Highlights

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

About This Home

As of May 2018

Amazing ISLA VISTA 4 PLEX for sale. Very Rare. Excellent location!! Two blocks from UCSB and two blocks from the Ocean. Shopping and restaurants in walking distance. Occupied at 100% at all times. Excellent cash flow. Call quick, this will not last. This is one of the most desirable locations in IV. You have to come walk around to truly appreciate how great it is.

Last Agent to Sell the Property

Chelly Canyon

Century 21 Select R.E. Inc. License #01975681 Listed on: 02/26/2018

Last Buyer's Agent

Brian Bailey

Central Coast Investments License #00680927

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Lot Details

  • 6,534 Sq Ft Lot
  • Property is in good condition

Home Design

  • Slab Foundation

Interior Spaces

  • 4,000 Sq Ft Home
  • 2-Story Property
  • Fire and Smoke Detector
  • Stove
  • Laundry Room

Flooring

  • Wood
  • Carpet
  • Vinyl Plank
  • Vinyl

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces

Schools

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

Utilities

  • No Cooling
  • Forced Air Heating System
  • Individual Gas Meter

Additional Features

  • Property is near an ocean
  • 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 075-161-011

Community Details

Overview

  • 4 Units

Pet Policy

  • Pets Allowed

Building Details

  • New Taxes Expense $9,539
  • Gross Income $115,200

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1960
  • Income Expenses Annual Income: 115200.0
  • Monthly Expense: 3231.0
  • Monthly Income: 9600.0
  • Meters Sep Meter Elec: Y
  • Meters Sep Meter Gas: Yes
  • Miscellaneous Parking Spaces: 8.0
  • Building Stories: 2
  • ResoLaundryFeatures: Laundry Room
  • ResoLotFeatures: Near Public Transit
  • ResoSecurityFeatures: Smoke Detector(s)
  • Reso Flooring: Vinyl, Carpet, Wood/Laminate
  • New Construction: No
  • Reso Property Condition: Good
  • Property Information Year Built2: 1960
  • NeighborhoodSchools Elementary School: Isla Vista
  • NeighborhoodSchools Junior High School: Gol Valley
  • NeighborhoodSchools High School: Dos Pueblos
  • Parking Info Uncovered: Yes
  • Parking Info Total # Unconvered Spaces: 8.0
  • Foundation:Slab: Yes
  • Proximity Near Ocean2: Yes
  • Proximity Near Park(s)2: Yes
  • Proximity Near School(s)2: Yes
  • Laundry Laundry Room2: Yes
  • Security Smoke Detector(s)2: Yes
  • Property Information Main House SqFt: 4000.0
  • Proximity Near Shopping2: Yes
  • Property Information Apx Lot SqFt: 6534.0
  • Condition Good2: Yes
  • Proximity Near Bus: Yes
  • FlrWdw Coverings Carpet: Yes
  • FlrWdw Coverings WoodLaminate2: Yes
  • Pets Yes: Yes
  • General Property Information Stories2: 2.0
  • Amenities Gas Stove2: Yes
  • HeatingCooling GFA: Yes
  • IncomeExpenses Taxes6: 9539.0
  • FlrWdw Coverings Vinyl2: Yes
  • HeatingCooling AC None2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Exterior Features

  • Acres: 0.15
  • Foundation Details: Slab

Garage/Parking

  • Open Parking Spaces: 8.0
  • Parking Features: Uncovered
  • Total Parking Spaces: 8.0

Utilities

  • Heating: GFA
  • HeatingYN: Yes

Schools

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

Lot Info

  • Parcel #: 075-161-011
  • Zoning: Other, SR
  • Lot Size Sq Ft: 6534.0

Rental Info

  • Owner Pays: Trash Collection, Water

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 115200.0
  • Total Actual Rent: 9600.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 7, 2023
Sold by
Dean R Brunner And Penny S Brunner 1985
Bought by
Dean R Brunner And Penny S Brunner 1985 Bypas
Current Estimated Value
$2,895,715

Purchase Details

Closed on
Jun 21, 2007
Sold by
Padilla Charmee B
Bought by
Padilla Charmee B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$874,000
Interest Rate
6.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 25, 2005
Sold by
Padilla Charmee B
Bought by
Padilla Charmee B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,000
Interest Rate
1.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 28, 2004
Sold by
Padilla Charmee B
Bought by
Padilla Charmee B

Purchase Details

Closed on
Nov 12, 2003
Sold by
Padilla Sal G and Padilla Charmee B
Bought by
Padilla Charmee B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$481,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 13, 2003
Sold by
Padilla Sal G and Padilla Charmee B
Bought by
Padilla Sal G and Padilla Charmee B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$475,000
Interest Rate
5.76%

Purchase Details

Closed on
Jan 18, 2002
Sold by
Padilla Sal G and Padilla Charmee B
Bought by
Padilla Sal G and Padilla Charmee B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$375,000
Interest Rate
7.11%

Purchase Details

Closed on
Jul 16, 1998
Sold by
Padilla Sal G and Padilla Charmee B
Bought by
Padilla Salvador G and Padilla Charmee B

Purchase Details

Closed on
Apr 6, 1998
Sold by
Padilla Sal G and Padilla Charmee B
Bought by
Padilla Sal G and Padilla Charmee B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,000
Interest Rate
6.9%

Purchase Details

Closed on
Feb 5, 1998
Sold by
Rootenberg Leon and Rootenberg Barbara
Bought by
Padilla Sal G and Padilla Charmee B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,000
Interest Rate
6.9%

Purchase Details

Closed on
Jul 25, 1997
Sold by
Madrid Partnership
Bought by
Rootenberg Leon and Rootenberg Barbara
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

Date Buyer Sale Price Title Company
Dean R Brunner And Penny S Brunner 1985 Bypas -- None Listed On Document
Padilla Charmee B -- Fidelity National Title Co
Padilla Charmee B -- Fidelity National Title Co
Padilla Charmee B -- First American Title Company
Padilla Charmee B -- First American Title Company
Padilla Charmee B -- --
Padilla Charmee B -- --
Padilla Charmee B -- Chicago Title Company
Padilla Sal G -- Equity Title Company
Padilla Sal G -- Equity Title Company
Padilla Sal G -- Stewart Title
Padilla Sal G -- Stewart Title
Padilla Salvador G -- Equity Title Company
Padilla Sal G -- Chicago Title
Padilla Sal G $529,000 Equity Title Company
Rootenberg Leon -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Padilla Charmee B $874,000
Previous Owner Padilla Charmee B $700,000
Previous Owner Padilla Charmee B $481,000
Previous Owner Padilla Sal G $475,000
Previous Owner Padilla Sal G $375,000
Previous Owner Padilla Sal G $125,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/10/2018 05/10/18 Sold $2,000,000 -4.7% $500 / Sq Ft
03/23/2018 03/23/18 Pending -- -- --
02/26/2018 02/26/18 For Sale $2,099,000 -- $525 / Sq Ft
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
2025 $26,401 $2,275,654 $796,478 $1,479,176
2023 $26,401 $2,187,289 $765,550 $1,421,739
2022 $25,024 $2,144,402 $750,540 $1,393,862
2021 $24,598 $2,102,356 $735,824 $1,366,532
2020 $23,972 $2,080,800 $728,280 $1,352,520
2019 $23,549 $2,040,000 $714,000 $1,326,000
2018 $10,035 $742,356 $210,494 $531,862
2017 $9,799 $727,801 $206,367 $521,434
2016 $9,281 $713,531 $202,321 $511,210
2014 $9,122 $689,048 $195,379 $493,669
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2018

    Chelly Canyon

    Century 21 Select R.E. Inc.

  • Brian Bailey

    Buyer's Agent in 2018

    Brian Bailey

    Central Coast Investments

    (805) 637-1031

    3 in this area

    5 Total Sales

    Brian Bailey
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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 18-680

Santa Barbara Multiple Listing Service

APN: 075-161-011

California Santa Barbara County Goleta 93117

6589 Madrid Rd, Goleta, CA

Not Listed for Sale

MultiFamily

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