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.
Active
$4,550,000
6591 Cordoba Rd, Goleta, CA 93117
8beds
6baths
5,130sqft
Est.:
Multi Family
Built in 1966
-- sqft lot
$4,339,800 Zestimate®
$887/sqft
$-- HOA
What's special
New lvp floors
- 34 days |
- 384 |
- 11 |
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