$4,550,000

6591 Cordoba Rd Isla Vista, CA 93117

Estimated payment $28,792/month

Total Views 552
-- Bed
-- Bath
5,130 Sq Ft
$887 Price per Sq Ft

Highlights

  • Property is near an ocean
  • Property is near a park
  • 3-minute walk to Sueno Park
  • Isla Vista Elementary School Rated A
  • Property is in excellent condition

About This Home

FULLY RENOVATED 2025 ISLA VISTA 5-PLEX W/ IMMEDIATE UPSIDE NEAR UCSB
6591 Cordoba Rd. offers a rare chance to acquire a fully renovated 5-unit student housing asset on the desirable 6-5 block of Isla Vista, minutes from UCSB. The property includes (4) lg 3BD/2BA units & (1) oversized 2BD/2BA, totaling 25 beds. In 2025, it underwent a full reno: new LVP floors, appl., cabinetry, windows, blinds, ext. paint + major plumbing, elec. & sewer upgrades. Three units feature pvt balconies, incl. 2 front-facing & 1 new side-facing balcony. Fully pre-leased for 2025-26, but rents were set pre-reno, offering clear upside for 2026-27. Current ops at 5.32% cap w/ add'l value via 8 on-site parking spaces not yet monetized.

Listing Agent

Steve Golis

Radius Group Commercial R.E. License #00772218 Listed on: 09/02/2025

Radius Group Commercial R.E.

Co-Listing Agent

Austin Herlihy

Colliers International Greater Los Angeles, Inc. License #01518112

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1966

Lot Details

  • 7,841 Sq Ft Lot
  • Property is in excellent condition

Home Design

  • 5,130 Sq Ft Home

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces

Outdoor Features

  • Property is near an ocean

Location

  • Property is near a park
  • Property is near public transit
  • Property is near schools
  • Property is near shops
  • Property is near a bus stop

Schools

  • Isla Vista Elementary School
  • Gol Valley Middle School
  • S.B. Sr. High School

Listing and Financial Details

  • Assessor Parcel Number 075-111-002

Community Details

Overview

  • 5 Units

Building Details

  • Gross Income $360,000
  • Net Operating Income $241,835

Property Details

Home Type

Multi-Family

Year Built

Built in 1966

Lot Details

0

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1966
  • Income Expenses Annual Income: 360000.0
  • Capitalization Rate: 5.32
  • Gross Rent Multiplier: 12.64
  • Monthly Income: 30000.0
  • Miscellaneous Parking Spaces: 8.0
  • ResoLotFeatures: Near Public Transit
  • Co List Office Mls Id: COLLIERS
  • Co List Office Phone: 213-532-3298
  • New Construction: No
  • Reso Property Condition: Excellent
  • Property Information Year Built2: 1966
  • NeighborhoodSchools Elementary School: Isla Vista
  • NeighborhoodSchools Junior High School: Gol Valley
  • NeighborhoodSchools High School: S.B. Sr.
  • Parking Info Total # Unconvered Spaces: 8.0
  • Condition Excellent: Yes
  • Proximity Near Ocean2: Yes
  • Proximity Near Park(s)2: Yes
  • Proximity Near School(s)2: Yes
  • Property Information Main House SqFt: 5130.0
  • Proximity Near Shopping2: Yes
  • Property Information Apx Lot SqFt: 7841.0
  • Proximity Near Bus: Yes
  • IncomeExpenses NOI2: 241835
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Acres: 0.18

Garage/Parking

  • Open Parking Spaces: 8.0
  • Total Parking Spaces: 8.0

Schools

  • Elementary School: Isla Vista
  • High School: S.B. Sr.
  • Middle Or Junior School: Gol Valley

Lot Info

  • Parcel #: 075-111-002
  • Zoning: Other
  • Lot Size Sq Ft: 7841.0

Multi Family

  • Number Of Units Total: 5
  • Annual Gross Income: 360000.0
  • Total Actual Rent: 30000.0

Map

Range of Values:

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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 Change Sq Ft Price
09/02/2025 09/02/25 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
09/13/2024 09/13/24 Pending -- -- --
08/19/2024 08/19/24 For Sale $2,975,000 -- $580 / Sq Ft
Source: Santa Barbara Multiple Listing Service

Source: Santa Barbara Multiple Listing Service

MLS Number: 25-3294

Santa Barbara Multiple Listing Service
California Santa Barbara County Isla Vista 93117

6591 Cordoba Rd, Isla Vista, CA

This home is located at 6591 Cordoba Rd, Isla Vista, CA 93117 and is currently priced at $4,550,000, approximately $886 per square foot. This property was built in 1966. 6591 Cordoba 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.

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Steve Golis
Listing Agent
Steve Golis
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Radius Group Commercial R.E.
(805) 667-0644