NOT LISTED FOR SALE

6599 Madrid Rd Goleta, CA 93117

Estimated Value: $2,818,000 - $3,924,000

Studio
-- Bath
4,128 Sq Ft
$810/Sq Ft Est. Value

Last Sold December 30, 2016

Last sale price $2,076,750 $503 Per Sq Ft

Est. 61% increase in value since last sale

Current estimated payment $19,756/month

Highlights

  • Property is near an ocean
  • Property is near park, public transit, schools, shops, and bus stop
  • Laundry Facilities
  • Isla Vista Elementary School Rated A
  • Forced Air Heating System
  • 2-minute walk to Sueno Park

About This Home

As of December 2016

FOR STATISTICAL PURPOSES ONLY. Off-market sale of well-located Isla Vista 4-plex. Large units with stable rental history, closed escrow at time of student turnover with 2016-17 school year rents in place.

Last Agent to Sell the Property

Ken Switzer

Berkshire Hathaway HomeServices California Properties License #01245644 Listed on: 12/30/2016

Berkshire Hathaway HomeServices California Properties

Last Buyer's Agent

Non Member Agent

Non Member Office

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1965

Lot Details

  • 6,534

Home Design

  • Slab Foundation

Parking

  • 6 Parking Spaces
  • Uncovered Parking

Schools

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

Utilities

  • Forced Air Heating System
  • Individual Gas Meter

Additional Features

  • Carpet
  • Property is near an ocean
  • Property is in excellent condition
  • Property is near park, public transit, schools, shops, and bus stop

Community Details

  • 4 Units
  • Laundry Facilities

Listing and Financial Details

  • Assessor Parcel Number 075-161-007

Property Details

Home Type

Multi-Family

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1965
  • Capitalization Rate: 5.0
  • Gross Rent Multiplier: 12.97
  • Monthly Income: 14740.0
  • Meters Sep Meter Elec: Y
  • Meters Sep Meter Gas: Yes
  • Meters Sep Meter Wtr: N
  • Miscellaneous Parking Spaces: 6.0
  • ResoLaundryFeatures: Bldg
  • ResoLotFeatures: Near Public Transit
  • Reso Flooring: Carpet
  • New Construction: No
  • Reso Property Condition: Excellent, Good
  • Property Information Year Built2: 1965
  • NeighborhoodSchools Elementary School: Isla Vista
  • NeighborhoodSchools Junior High School: Gol Valley
  • NeighborhoodSchools High School: Dos Pueblos
  • Parking Info Uncovered: Yes
  • Condition Excellent: Yes
  • Foundation:Slab: Yes
  • Proximity Near Ocean2: Yes
  • Proximity Near Park(s)2: Yes
  • Proximity Near School(s)2: Yes
  • Proximity Near Shopping2: Yes
  • Condition Good2: Yes
  • Proximity Near Bus: Yes
  • FlrWdw Coverings Carpet: Yes
  • HeatingCooling GFA: Yes
  • Laundry Bldg: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Foundation Details: Slab

Garage/Parking

  • Parking Features: Uncovered
  • Total Parking Spaces: 6.0

Utilities

  • Heating: GFA
  • HeatingYN: Yes

Schools

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

Lot Info

  • Parcel #: 075-161-007
  • Zoning: Other

Multi Family

  • Number Of Units Total: 4
  • Total Actual Rent: 14740.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 7, 2022
Sold by
Moshayedi Brian Bijan
Bought by
Moshayedi Brian Bijan
Current Estimated Value
$3,343,592

Purchase Details

Closed on
May 23, 2016
Sold by
Cannell David S and Cannell Louise B
Bought by
Moshayedi Bijan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,202,925
Interest Rate
2.81%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 21, 2012
Sold by
Cannell David S and Cannell Louise B
Bought by
Cannell David S and Cannell Louise B

Purchase Details

Closed on
Jan 4, 2011
Sold by
Louise Kolb Living Trust Kit Louise
Bought by
Cannell David S and Cannell Louise B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$628,000
Interest Rate
4.82%
Mortgage Type
Unknown

Purchase Details

Closed on
Apr 22, 2010
Sold by
Kolb Kit
Bought by
Kolb Kit Louise

Purchase Details

Closed on
Nov 7, 2008
Sold by
Housing Authority Of The County Of Santa
Bought by
Kolb Kit

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$983,500
Interest Rate
6.5%
Mortgage Type
Purchase Money Mortgage
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

Date Buyer Sale Price Title Company
Moshayedi Brian Bijan -- First American Title
Moshayedi Bijan $2,077,000 First American Title Company
Cannell David S -- None Available
Cannell David S $1,895,000 First American Title Company
Kolb Kit Louise -- None Available
Kolb Kit -- Lawyers Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Moshayedi Bijan $1,202,925
Previous Owner Cannell David S $628,000
Previous Owner Cannell David S $500,000
Previous Owner Kolb Kit $983,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/30/2016 12/30/16 Sold $2,076,750 -9.5% $503 / Sq Ft
12/30/2016 12/30/16 Pending -- -- --
12/30/2016 12/30/16 For Sale $2,295,000 -- $556 / 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 $28,732 $2,458,444 $1,124,604 $1,333,840
2023 $28,732 $2,362,982 $1,080,935 $1,282,047
2022 $27,273 $2,316,650 $1,059,741 $1,256,909
2021 $26,800 $2,271,226 $1,038,962 $1,232,264
2020 $26,118 $2,247,938 $1,028,309 $1,219,629
2019 $25,656 $2,203,862 $1,008,147 $1,195,715
2018 $25,189 $2,160,650 $988,380 $1,172,270
2017 $24,699 $2,118,285 $969,000 $1,149,285
2016 $23,399 $2,050,883 $974,034 $1,076,849
2015 $21,956 $2,020,078 $959,404 $1,060,674
2014 $19,667 $1,800,000 $850,000 $950,000
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2016

    Ken Switzer

    Berkshire Hathaway HomeServices California Properties

    (805) 680-4622

    10 in this area

    104 Total Sales

    Ken Switzer
    Section Image

  • N

    Buyer's Agent in 2016

    Non Member Agent

    Non Member Office

See All Agents

Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 16-4038

Santa Barbara Multiple Listing Service

APN: 075-161-007

California Santa Barbara County Goleta 93117

6599 Madrid Rd, Goleta, CA

Not Listed for Sale

MultiFamily

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