We are pleased to present this opportunity in the premium student housing market of Isla Vista, Santa Barbara. Located less than 1 mile from UCSB's main campus and the beach just around the corner, this is an outstanding investment and highly desirable rental for the college lifestyle. The property consists of three (3) units on a lot totaling 9,147 sq. ft. including ample parking, entertainer's yard and a large view deck. Two (2) out of three (3) units have upgraded kitchens. Current rent income totals $17,700/month with leases ending in June 2024. All three units have been pre-leased for the 2024-2025 school year as well and rents will total $19,450/month which results in a 5.31% cap rate.
Closed
$2,700,000
6657 Sueno Rd #101, Goleta, CA 93117
11beds
5baths
3,439sqft
Multi Family
Built in ----
-- sqft lot
$3,222,500 Zestimate®
$785/sqft
$3,214 Estimated rent
Home value
$3,222,500
$2.87M - $3.67M
$3,214/mo
Zestimate® history
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$3,214/mo
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$16,565/mo
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Est. payment
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Zillow last checked: 7 hours ago
Listing updated: September 14, 2024 at 08:35pm
Listed by:
Amine Chebouli,
Link Brokerages,Inc.,
Robert Hambleton 01858350 805-455-4003,
Radius Group Commercial R.E.
Bought with:
Brian R Bailey, 00680927
Central Coast Investments
Source: SBMLS,MLS#: 23-3427
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 11
- Bathrooms: 5
Heating
- Other
Appliances
- Laundry: Laundry Room
Features
- Flooring: Vinyl, Tile
- Has fireplace: No
Interior area
- Total interior livable area: 3,439 sqft
Property
Parking
- Total spaces: 9
- Parking features: Open
Lot
- Size: 9,147 sqft
Details
- Parcel number: 075102004
- Zoning: SR
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Community & neighborhood
Location
- Region: Goleta
- Subdivision: Other
HOA & financial
Other financial information
- Total actual rent: 17700
Other
Other facts
- Listing terms: Cash,Ctnl
Price history
| Date | Event | Price |
|---|---|---|
| 4/29/2024 | Sold | $2,700,000-10%$785/sqft |
Source:  SBMLS #23-3427 Report a problem | ||
| 3/6/2024 | Pending sale | $3,000,000$872/sqft |
Source: SBMLS #23-3427 Report a problem | ||
| 11/14/2023 | Listed for sale | $3,000,000$872/sqft |
Source: SBMLS #23-3427 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $30,907 +61% | $2,754,000 +66.4% |
| 2024 | $19,201 +2.6% | $1,654,790 +2% |
| 2023 | $18,722 +2.2% | $1,622,344 +2% |
Find assessor info on the county website
Neighborhood: 93117
Nearby schools
GreatSchools rating
- 8/10Isla Vista Elementary SchoolGrades: K-6Distance: 0.6 mi
- NALearning Tree PreschoolGrades: Distance: 2.9 mi
Schools provided by the listing agent
- Elementary: Isla Vista
- Middle: Gol Valley
- High: Dos Pueblos
Source: SBMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
- California
- Santa Barbara County
- Isla Vista
- 93117
- 6657 Sueno Rd Unit 101