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6591 Cordoba Road

Goleta, CA 93117
  • $4,550,000
  • STATUS: Active
  • ON SITE: 56 Days
  • ID#: V1-32761
UPDATED: 48 min ago
$4,550,000
  • 0
    BEDS
  • 0.18
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1966
County:

School Ratings & Info

Listing Agent(s): Michael Lopus of Colliers International ((213) 532-3298)


Description

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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Based on information from California Regional Multiple Listing Service, Inc. as of 2025-12-04T18:32:17.363. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Robyn Graham & Associates | Independent Broker Network. Licensed in the State of California, USA.
www.robynicenhowerproperties.com/homes/168682250
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6591 Cordoba Road Goleta, CA 93117

  • Price: $4,550,000
  • Status: Active
  • On Site: 56 Days
  • Updated: 48 min ago
  • ID#: V1-32761
0
Beds
0
Baths
0
½ Baths
0.18
Acres
1966
Built
Neighborhood:
Santa Barbara: Other - 0080
County:
Santa Barbara
Area:
VC81 - Santa Barbara
Property Description
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
Exterior Features

Construction Materials Frame Exterior Features Balcony Fencing None Lot Features Sprinklers None Number Of Separate Electric Meters 5 Parking Features Paved Parking Total 8 Patio And Porch Features Balcony Pool Features None Pool Private YN No Property Attached YN No Road Surface Type Paved Spa Features None Spa YN No View Ocean View YN Yes

Interior Features

Accessibility Features Parking Appliances DishwasherFree-Standing RangeMicrowaveRefrigerator Common Walls No Common Walls Cooling None Cooling YN No Fireplace Features None Fireplace YN No Flooring Vinyl Heating Electric Heating YN Yes Interior Features Open Floorplan

Property Features

Additional Parcels YN No Association Fee 0 Community Features Biking Electric Standard Electric Expense 500 Fuel Expense 1750 Garage YN No Gross Income 352800 Gross Scheduled Income 360000 Insurance Expense 15500 Land Lease YN No Laundry Features Laundry Room Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashConventional1031 Exchange Maintenance Expense 8750 Net Operating Income 241835 Number Of Separate Gas Meters 5 Number Of Separate Water Meters 1 Number Of Units Leased 5 Operating Expense 110965 Other Expense 1000 Property Condition Updated/Remodeled Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays All Utilities Trash Expense 5000 Utilities Electricity AvailableElectricity ConnectedNatural Gas AvailableSewer ConnectedWater AvailableWater Connected Water Sewer Expense 6500 Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2025-12-04T18:32:17.363. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Robyn Graham & Associates | Independent Broker Network. Licensed in the State of California, USA.
 
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Robyn Graham & Associates | Independent Broker Network
1148 N. Chinowth Suite A
Visalia CA, 93291
Listing Agent(s): Michael Lopus of Colliers International ((213) 532-3298)