6591 Cordoba Road, Goleta, CA 93117
- $4,425,000
- 5,130
- SqFt
- List Price
- $4,425,000
- Status
- PENDING
- MLS#
- 25-3294
- Price Change
- ▼ $125,000 1778794093
- Living Area
- 5,130
- Lot Size
- 7,841
- Region
- SB/GOL SOUTH
- Year Built
- 1966
Property Description
FULLY RENOVATED IN 2025 ISLA VISTA 5-PLEX W/ IMMEDIATE UPSIDE - 6.14% 26/27 CAP. Completed leased for 26/27 school year! 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. 8 on-site parking spaces not yet monetized.
/u.realgeeks.media/marcusboyleestates/BerkHathMB_LG.png)
Additional Information
- Elementary School
- Isla Vista
- Middle School
- Gol Valley
- High School
- S.B. Sr.
- Capitalization Rate
- 6.14
- Gross Rent Multiplier
- 11.49
- Living Area
- 5,130
- Lot Size
- 7,841
- Region
- SB/GOL SOUTH
- Terms
- Cash, Conventional
- Units
- 5
- Zoning
- Other
Mortgage Calculator
Listing courtesy of Radius Group Commercial R.E..