NOT LISTED FOR SALE

6709 Trigo Rd Goleta, CA 93117

Estimated Value: $1,688,000 - $2,030,513

5 Beds
3 Baths
2,163 Sq Ft
$877/Sq Ft Est. Value

Last Sold December 10, 2021

Last sale price $1,600,000 $740 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $12,170/month

7 Days on Market

Highlights

  • Property is near an ocean
  • Property is near a park
  • Forced Air Heating System
  • Isla Vista Elementary School Rated A
  • Solar Heating System
  • 3-minute walk to Window to the Sea Park

About This Home

As of December 2021

Looking to add Student Housing to your portfolio? Look no further. The first time on the market in 30 years, this 5 Bedroom, 3 Bathroom home was custom built by a local SB businessman for the purpose of student housing. With over 2000 square feet, this home was designed and customized around group living with extra large bedrooms, vaulted ceilings, jack and jill style bathrooms and a large great room style living area perfect for entertaining. Built in 1991 and meticulously maintained and managed, this low maintenance investment property has been generating cash flow for 30 years and counting. Centrally located in the heart of Isla Vista, 2 blocks from the Beach and a few minutes from UCSB and the Camino Real Marketplace, it's no wonder why this property is rarely vacant.

Last Listed By

Abel Ramos

Compass License #01821789 Listed on: 11/01/2021

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $18,695

Year Built

  • Built in 1991

Lot Details

  • 4,791 Sq Ft Lot
  • Property is in average condition

Home Design

  • Slab Foundation

Interior Spaces

  • 2,163 Sq Ft Home
  • 2-Story Property

Kitchen

  • Stove
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Vinyl

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Parking

  • 5 Car Garage
  • 5 Open Parking Spaces

Location

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

Schools

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

Additional Features

  • Solar Heating System
  • Property is near an ocean
  • Forced Air Heating System

Listing and Financial Details

  • The owner pays for trash collection, water, gas, electricity, heat
  • Assessor Parcel Number 075-142-040

Community Details

Pet Policy

  • No Pets Allowed

Building Details

  • Electric Expense $168
  • Fuel Expense $73
  • Insurance Expense $167
  • Trash Expense $388
  • Water Sewer Expense $250
  • New Taxes Expense $590
  • Operating Expense $27,185
  • Gross Income $84,000
  • Net Operating Income $55,125

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$18,695

Year Built

Built in 1991

Lot Details

0

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1991
  • Income Expenses Annual Income: 84000.0
  • Capitalization Rate: 3.68
  • Income Expenses Electric Expense: 167.74
  • Income Expenses Gas Expense: 73.0
  • Gross Rent Multiplier: 18.22
  • Annual Expenses: 27184.8
  • Monthly Expense: 2265.4
  • Monthly Income: 7000.0
  • Income Expenses Trash Expense: 388.0
  • Income Expenses Water Expense: 250.0
  • Miscellaneous Parking Spaces: 5.0
  • Building Stories: 2
  • ResoLaundryFeatures: In Unit
  • ResoLotFeatures: Near Public Transit
  • Reso Flooring: Vinyl, Carpet
  • Garage Yn: Yes
  • New Construction: No
  • Reso Property Condition: Average
  • Property Information Year Built2: 1991
  • Property Information Apx # Acres: 0.11
  • NeighborhoodSchools Elementary School: Isla Vista
  • NeighborhoodSchools Junior High School: Gol Valley
  • NeighborhoodSchools High School: Dos Pueblos
  • Condo:Laundry in Unit: Yes
  • Parking Info Uncovered: Yes
  • Parking Info Total # Unconvered Spaces: 5.0
  • Foundation:Slab: Yes
  • Proximity Near Ocean2: Yes
  • Proximity Near Park(s)2: Yes
  • Proximity Near School(s)2: Yes
  • Property Information Main House SqFt: 2163.0
  • Proximity Near Shopping2: Yes
  • Property Information Apx Lot SqFt: 4791.0
  • Proximity Near Bus: Yes
  • FlrWdw Coverings Carpet: Yes
  • Proximity Near Hospital2: Yes
  • General Property Information Stories2: 2.0
  • Pets No8: Yes
  • Parking Info Garages: Yes
  • Amenities Gas Stove2: Yes
  • Amenities Dishwasher2: Yes
  • Amenities Disposal2: Yes
  • Amenities Microwave2: Yes
  • Amenities Washer2: Yes
  • Amenities Dryer2: Yes
  • HeatingCooling GFA: Yes
  • Condition Average2: Yes
  • IncomeExpenses Taxes6: 589.79
  • Parking Info Gar #14: Yes
  • FlrWdw Coverings Vinyl2: Yes
  • Income Expenses Actual: Yes
  • HeatingCooling Solar3: Yes
  • IncomeExpenses NOI2: 55125.20
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Exterior Features

  • Acres: 0.11
  • Foundation Details: Slab

Garage/Parking

  • Open Parking Spaces: 5.0
  • Parking Features: Garages, Uncovered, Gar #1
  • Total Parking Spaces: 5.0

Utilities

  • Heating: Solar, GFA
  • HeatingYN: Yes

Fee Information

  • Annual Fuel Expense: 73.0
  • Trash Expense: 388.0
  • Annual Water Sewer Expense: 250.0

Schools

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

Lot Info

  • Parcel #: 075-142-040
  • Zoning: R-1
  • Lot Size Sq Ft: 4791.0

Rental Info

  • Owner Pays: Trash Collection, Water, Gas, Electricity, Heat

Multi Family

  • Number Of Units Total: 1
  • Electric Expense: 167.74
  • Annual Gross Income: 84000.0
  • Insurance Expense: 166.67
  • Annual Operating Expense: 27184.8
  • Total Actual Rent: 7000.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 1, 2021
Closed on
Nov 29, 2021
Sold by
Ed Harwin Properties Inc
Bought by
Marshall Brian T and Marshall Kimberly A
Seller's Agent
Abel Ramos
Compass
Buyer's Agent
Abel Ramos
Compass
List Price
$1,500,000
Sold Price
$1,600,000
Premium/Discount to List
$100,000
6.67%
Total Days on Market
7
Current Estimated Value
$1,895,878

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$295,878
Original Mortgage
$1,120,000
Outstanding Balance
$1,053,374
Interest Rate
3.14%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 22, 2003
Sold by
Harwin Edward D and Harwin Barbara M
Bought by
Ed & Barbara Harwin Co

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$213,000
Interest Rate
5.13%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 21, 2003
Sold by
Ed & Barbara Harwin Co
Bought by
Harwin Edward D and Harwin Barbara M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$213,000
Interest Rate
5.13%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 8, 2002
Sold by
Harwin Edward D and Harwin Barbara M
Bought by
Ed & Barbara Harwin Company

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$212,000
Interest Rate
6.51%

Purchase Details

Closed on
Oct 2, 1998
Sold by
Harwin Development Inc
Bought by
Harwin Edward D and Harwin Barbara M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$217,500
Interest Rate
6.88%

Purchase Details

Closed on
Sep 25, 1998
Sold by
Harwin Edward D and Harwin Barbara M
Bought by
Ed & Barbara Harwin Company

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$217,500
Interest Rate
6.88%

Purchase Details

Closed on
Feb 28, 1994
Sold by
Harwin Edward D and Harwin Barbara M
Bought by
Harwin Development Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$213,700
Interest Rate
5.12%

Purchase Details

Closed on
Feb 25, 1994
Sold by
Harwin Construction Inc
Bought by
Harwin Edward D and Harwin Barbara M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$213,700
Interest Rate
5.12%

Range of Values:

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Average Value
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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
Marshall Brian T $1,600,000 Chicago Title Company
Ed & Barbara Harwin Co -- Equity Title Company
Harwin Edward D -- Equity Title Company
Ed & Barbara Harwin Company -- Equity Title
Harwin Edward D -- Equity Title Company
Harwin Edward D -- First American Title
Ed & Barbara Harwin Company -- --
Harwin Development Inc -- --
Harwin Edward D -- Equity Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Marshall Brian T $1,120,000
Previous Owner Harwin Edward D $213,000
Previous Owner Harwin Edward D $212,000
Previous Owner Harwin Edward D $217,500
Previous Owner Harwin Edward D $213,700
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/10/2021 12/10/21 Sold $1,600,000 +6.7% $740 / Sq Ft
11/08/2021 11/08/21 Pending -- -- --
11/01/2021 11/01/21 For Sale $1,500,000 -- $693 / 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
2023 $18,695 $1,632,000 $867,000 $765,000
2022 $17,944 $1,600,000 $850,000 $750,000
2021 $7,260 $587,859 $246,297 $341,562
2020 $7,078 $581,832 $243,772 $338,060
2019 $6,953 $570,425 $238,993 $331,432
2018 $6,827 $559,241 $234,307 $324,934
2017 $6,694 $548,276 $229,713 $318,563
2016 $6,392 $537,526 $225,209 $312,317
2014 $6,183 $519,083 $217,482 $301,601
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 21-4018

Santa Barbara Multiple Listing Service

APN: 075-142-040