$4,550,000

6591 Cordoba Rd Isla Vista, CA 93117

Estimated payment $28,460/month

Total Views 4,065
14 Beds
33 Baths
5,130 Sq Ft
$887 Price per Sq Ft

Highlights

  • Ocean View
  • Open Floorplan
  • Laundry Room
  • Isla Vista Elementary School Rated A
  • Balcony
  • 3-minute walk to Sueno Park

About This Home

Welcome to 6591 Cordoba Rd, a well positioned 5-unit multifamily property in the center of Isla Vista--just minutes the beach. On a 7,840 SF lot, this asset offers strong rental demand, consistent income, and longterm upside in one of Santa Barbara County's most sought-after rental markets. Each unit is designed for comfort and efficiency, with features like private balconies and ample parking. With its strategic location and proven rental performance, the property is ideal for investors seeking stability and growth in a high-demand student housing corridor. 5.32% CAP RATE

Listing Agent

Mike Lopus

Colliers International Brokerage Phone: (805) 680-8806 License #01970736 Listed on: 10/08/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1966 | Remodeled

Lot Details

  • 7,841 Sq Ft Lot
  • No Common Walls
  • No Sprinklers

Home Design

  • Frame Construction

Interior Spaces

  • 5,130 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Vinyl Flooring
  • Ocean Views
  • Laundry Room

Kitchen

  • Free-Standing Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 14 Bedrooms
  • 33 Bathrooms

Parking

  • 8 Parking Spaces
  • Parking Available
  • Paved Parking

Additional Features

  • Accessible Parking
  • Balcony
  • Heating Available

Listing and Financial Details

  • Tax Lot 4
  • Assessor Parcel Number 075111002

Community Details

Overview

  • 5 Units
  • Santa Barbara: Other 0080 Subdivision

Recreation

  • Bike Trail

Building Details

  • 5 Leased Units
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $500
  • Fuel Expense $1,750
  • Gardener Expense $2,000
  • Insurance Expense $15,500
  • Maintenance Expense $8,750
  • Other Expense $1,000
  • Professional Management Expense $17,640
  • Trash Expense $5,000
  • Water Sewer Expense $6,500
  • Operating Expense $110,965
  • Gross Income $352,800
  • Net Operating Income $241,835

Property Details

Home Type

Multi-Family

Year Built

Built in 1966 | Remodeled

Lot Details

0

Listing Details

  • Assessments: No
  • Professional Management Expense: 17640.00
  • Property Attached: No
  • Road Surface Type: Paved
  • Subdivision Name Other: Ocean Terrace Tract
  • View: Yes
  • Water Sewer Expenses: 6500.00
  • Property Condition: Updated/Remodeled
  • Property Type: Residential Income
  • Gardener Expense: 2000.00
  • Parcel Number: 075111002
  • Year Built: 1966
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Open Floorplan
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Vinyl
  • Accessibility Features: Parking
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 886.94

Exterior Features

  • Exterior Features: Balcony
  • View: Ocean
  • Fence: No
  • Pool Private: No
  • Spa: No
  • Construction Materials: Frame

Garage/Parking

  • Parking: Yes
  • Parking Features: Paved
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Electricity Available, Water Connected, Water Available, Sewer Connected, Natural Gas Available, Electricity Connected
  • Sprinklers: No
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Microwave, Free-Standing Range, Refrigerator
  • Electric: Standard
  • Heating Type: Electric
  • Laundry Features: Individual Room
  • Sewer: Public Sewer
  • Trash Expense: 5000.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Biking

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Sprinklers None
  • Lot Size Sq Ft: 7840.80
  • Lot Size Acres: 0.1800

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Electric Expense: 500.00
  • Fuel Expense: 1750.00
  • Gross Income: 352800.00
  • Gross Scheduled Income: 360000.00
  • Insurance Expense: 15500.00
  • Lot Size Area: 0.1800 Acres
  • Maintenance Expense: 8750.00
  • Net Operating Income: 241835.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 5
  • Number Of Units Total: 5
  • Number With Dishwasher: 5
  • Number With Range: 5
  • Number With Refrigerator: 5
  • Operating Expense: 110965.00
  • Other Expense: 1000.00
  • Other Expense Description: General & Administrative
  • Rent Control: No
  • Total Expenses: 110965.00

Tax Info

  • Tax Lot: 4

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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 Prior Sale
11/10/2025 11/10/25 For Sale $4,550,000 0.0% $887 / Sq Ft
10/27/2025 10/27/25 Off Market $4,550,000 -- --
10/08/2025 10/08/25 For Sale $4,550,000 +55.0% $887 / Sq Ft
11/26/2024 11/26/24 Sold $2,935,000 -1.3% $572 / Sq Ft View Prior Sale
09/13/2024 09/13/24 Pending -- -- --
08/19/2024 08/19/24 For Sale $2,975,000 -- $580 / Sq Ft
Source: Ventura County Regional Data Share

Source: Ventura County Regional Data Share

MLS Number: V1-32761

Ventura County Regional Data Share
California Santa Barbara County Isla Vista 93117

6591 Cordoba Rd, Isla Vista, CA

For Sale

MultiFamily

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Mike Lopus
Listing Agent
Mike Lopus
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Colliers International
(805) 669-2180