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$ 4,425,000
Est. payment | /mo
5,130 SqFt
$ 4,425,000
Est. payment | /mo
5,130 SqFt
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 5,130 sqft
Price per Sqft $862
MLS Listing ID 25-3294
Year Built 1966
Lot Size 7,841 Sqft
Acres 0.18
Lot Dimensions 7841.0
Source Santa Barbara Multiple Listing Service
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.
Location
State CA
County Santa Barbara
Building
Lot Description Near Public Transit
New Construction No
Others
Tax ID 075-111-002
Acceptable Financing Conventional, Cash
Listing Terms Conventional, Cash
Listed by Radius Group Commercial R.E.
Schools and Properties Nearby
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