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948 Camino Del Sur

Goleta, CA 93117
  • $3,750,000
  • STATUS: Active
  • ON SITE: 106 Days
  • MLS #: 23-3429
UPDATED: 28 min ago
$3,750,000
  • 0
    BEDS
  • 0.23
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1960
County:
Area:

School Information

Elementary School:
Middle School:
High School:
Listing provided courtesy of Link Brokerages,Inc..

Description

First time on the market since 1999, we are pleased to present a rare investment opportunity in the heart of Isla Vista, centrally located between the University of Santa Barbara and the popular Sands Beach. The property consists of three (3) detached houses on a lot totaling 10,018 sq. ft., conveniently positioned on the corner of Camino Del Sur & Pasado Road. The houses feature ten (10) bedrooms and six (6) full bathrooms total, a large front yard, and ample parking. All three houses have new roofs and windows throughout. The original structure consists of the two houses sitting in the back of the lot while the new house in the front was added as an ADU in September 2023. Current rent income totals $21,050/month with leases ending in May/June 2024.All three houses have also been leased for the 2024-2025 school year and total rents will increase to $22,920/month which will result in a 5% cap rate.

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© 2024 Santa Barbara Multiple Listing Service. All rights reserved. Based on information from the Santa Barbara MLS as of 2024-02-29T18:47:11.417. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Data last updated 2024-02-29T18:47:11.417.
www.karinamatic.com/homes/145257755
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948 Camino Del Sur Goleta, CA 93117

  • Price: $3,750,000
  • Status: Active
  • On Site: 106 Days
  • Updated: 28 min ago
  • MLS #: 23-3429
0
Beds
0
Baths
0
½ Baths
0.23
Acres
1960
Built
Neighborhood:
Other
County:
Santa Barbara
Area:
SB/Gol South
Elementary School:
Isla Vista
Middle School:
Gol Valley
High School:
Dos Pueblos
Property Description
First time on the market since 1999, we are pleased to present a rare investment opportunity in the heart of Isla Vista, centrally located between the University of Santa Barbara and the popular Sands Beach. The property consists of three (3) detached houses on a lot totaling 10,018 sq. ft., conveniently positioned on the corner of Camino Del Sur & Pasado Road. The houses feature ten (10) bedrooms and six (6) full bathrooms total, a large front yard, and ample parking. All three houses have new roofs and windows throughout. The original structure consists of the two houses sitting in the back of the lot while the new house in the front was added as an ADU in September 2023. Current rent income totals $21,050/month with leases ending in May/June 2024.All three houses have also been leased for the 2024-2025 school year and total rents will increase to $22,920/month which will result in a 5% cap rate.
Exterior Features

Parking Information Uncovered Parking Spaces 6.00

Interior Features

Amenities Fncd All Floor Window Coverings CarpetTileWood/Laminate Heating Cooling Heat Other Laundry Other Refrigerators 4.00 Unit1 Baths 3.00 Unit1 Bedrooms 4.00 Unit1 Half Baths 0.00 Unit2 Baths 2.00 Unit2 Bedrooms 3.00 Unit2 Half Baths 0.00 Unit3 Baths 1.00 Unit3 Bedrooms 3.00 Unit3 Half Baths 0.00

Property Features

Cross Street Pasado Road Deposit 3.00 Income Expenses Total Monthly Income 21050.00 Meters Separate Meter Electric Yes Meters Separate Meter Gas No Meters Separate Meter Water No Owner Provides Other Proximity Near School(s) Stoves 3.00 Terms CashCtnl Unit1 Lease Unit1 Furnished No Unit1 Monthly Total 9000.00 Unit1 Rent 9000.00 Unit1 Units 1.00 Unit2 Lease Unit2 Furnished No Unit2 Monthly Total 7200.00 Unit2 Rent 7200.00 Unit2 Units 1.00 Unit3 Furnished No Unit3 Monthly Total 4850.00 Unit3 Rent 4850.00 Unit3 Units 1.00 Zoning SR

Listing information © 2024 Santa Barbara MLS
Listing provided courtesy of Link Brokerages,Inc.: (310) 695-6510.



© 2024 Santa Barbara Multiple Listing Service. All rights reserved. Based on information from the Santa Barbara MLS as of 2024-02-29T18:47:11.417. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Data last updated 2024-02-29T18:47:11.417.
 
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Berkshire Hathaway HomeServices California Properties
3868 State St.
Santa Barbara CA, 93105
Listing provided courtesy of Link Brokerages,Inc..