John E Burge

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6591 Cordoba RoadGoleta, CA 93117

Multi-Family · 5,130 Sq. ft. | 0.18 Acres
$4,425,000 Active

6591 Cordoba Road Overview

Time on Site:
264 days
Visits:
1

Welcome to 6591 Cordoba Rd, a well positioned 5-unit multifamily property in the center of Isla Vista--just minutes the beach. On a 7,840 SF lot, this asset offers strong rental demand, consistent income, and longterm upside in one of Santa Barbara County's most sought-after rental markets. Each unit is designed for comfort and efficiency, with features like private balconies and ample parking. With its strategic location and proven rental performance, the property is ideal for investors seeking stability and growth in a high-demand student housing corridor. 5.32% CAP RATE

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6591 Cordoba Road Facts & Features

  • Type Multi-Family
  • Sq. ft. 5,130
  • Price/Sq.ft. $863
  • Lot 0.18 Acres

Details

General

Income/Expenses

  • Other Expense: 1000.0
  • Electric Expense: 500.0
  • Fuel Expense: 1750.0
  • Gardener Expense: 2000.0
  • Gross Income: 352800.0
  • Gross Scheduled Income: 360000.0
  • Insurance Expense: 15500.0
  • Maintenance Expense: 8750.0
  • Net Operating Income: 241835.0
  • Operating Expense: 110965.0
  • Trash Expense: 5000.0
  • Water Sewer Expense: 6500.0

Building Information

  • Year Built: 1966

Location/Region

  • Country: US
  • County Or Parish: Santa Barbara
  • MLS Area Major: VC81 - Santa Barbara
  • Postal City: GOLETA
  • Subdivision Name: Santa Barbara: Other - 0080

Community/Development

  • Community Features: Biking

Rent/Lease Information

  • Land Lease: No
  • Tenant Pays: All Utilities

General Information

  • Listing Terms: Cash,Conventional,1031 Exchange
  • Parcel Number: 075111002
  • Property Condition: Updated/Remodeled
  • Property Type: Residential Income
  • Rent Control: No
  • Senior Community: No
  • Special Listing Conditions: Standard

Interior

Parking Information

  • Garage: No

Beds/Baths

  • Bathrooms Total: 0

Building Interior

  • Building Area Total: 5130.0

General Information

  • Accessibility Features: Parking
  • Appliances: Dishwasher,Free-Standing Range,Microwave,Refrigerator
  • Common Walls: No Common Walls
  • Electric: Standard
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Vinyl
  • Interior Features: Open Floorplan
  • Laundry Features: Laundry Room
  • Levels: Two
  • Spa Features: None
  • Spa: No
  • Stories: 2
  • Stories Total: 2

Exterior

Parking Information

  • Parking Features: Paved
  • Parking Total: 8.0

Lot Information

  • Additional Parcels: No
  • Lot Features: Sprinklers None
  • Lot Size Acres: 0.18
  • Lot Size Area: 0.18
  • Lot Size Source: Public Records
  • Lot Size Square Feet: 7840.8
  • Lot Size Units: Acres
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Road Surface Type: Paved
  • Water Source: Public

Waterfront/View

    Building Exterior/Construction

    • Construction Materials: Frame
    • Patio And Porch Features: Balcony
    • Property Attached: No

    General Information

    • Exterior Features: Balcony
    • Fencing: None
    • Number Of Units Leased: 5
    • Number Of Units Total: 5
    • Pool Features: None
    • Pool Private: No
    • Sewer: Public Sewer
    • Utilities: Electricity Available,Electricity Connected,Natural Gas Available,Sewer Connected,Water Available,Water Connected

    6591 Cordoba Road Neighborhood

    Community

    93117 (GOLETA) Demographics

    22
    Median Age
    345
    Population Density (per sq. mile)
    59%
    College Educated
    $70,878
    Estimated Median Income
    6,294
    Estimated Total Home Owners
    10,274
    Estimated Total Renters
    38% / 62%
    Estimated Owner / Renter Divide
    3
    Estimated Average Household Size
    Community data courtesy of LiveBy, Inc.

    Schools

    School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

    6591 Cordoba Road Monthly Cost

    $
    $ %
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    $
    $
    * All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

    6591 Cordoba Road Market Data

    Based on the last 30 days in this zip code

    $1,705,546
    Average List Price
    $1,001
    Average Price per Square Foot
    4
    Properties Sold
    69
    Average Days on Market
    83
    Properties for Sale
    Calculations provided by Reliance Network
    Listing provided courtesy of Colliers InternationalMichael Lopus- MLS# V1-32761MLS ProviderContact Information: (213) 532-3298
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