6% Cap Rate on current rents with 30% expenses and accounting for a 7% management fee. Centrally located between the University of Santa Barbara and the popular Sands Beach. 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 $22,920/month and the property is completely pre-lease for the 24- 25 school year.
Property Details
Property Features
Property Information:
Year Built: 1960
Living Area: 2,906 SqFt
Listing Office:
Office Name: Radius Group Commercial R.E., Link Brokerages,Inc.
Office Phone: (805) 965-5500, (310) 695-6510
Listing Agent: Robert Hambleton, Amine Chebouli
Interior Features
Interior Information:
Flooring Type: Carpet, Wood/Laminate
Interior: Fncd All
Lot Features
Lot Information:
Lot Size: 0.23 Acres
Utilities
Utilities Information:
Heating: Other
School Info
Assigned Schools Information:
Dos Pueblos Senior High School, Public District Grades 9-12
Goleta Valley Junior High School, Public District Grades 7-8
Isla Vista Elementary School, Public District Grades KG-6
Price Information
Listing Price Info
Price Summary:
List Price: $3,200,000
Price Per SqFt: $1,101/SqFt
Tax Information:
Annual Amount: $7,092
Tax Year: 2021
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MLS Details
MLS Information:
MLS Name: Santa Barbara Multiple Listing Service
MLS Number: #24-1155
Listing Office:
Office Name: Radius Group Commercial R.E., Link Brokerages,Inc.
Office Phone: (805) 965-5500, (310) 695-6510
Listing Agent: Robert Hambleton, Amine Chebouli
The data relating to real estate for sale on this web site comes from the Internet Data Exchange Program of the Santa Barbara Multiple Listing Service. Real estate listings held by other are marked with the “MLS” logo and detailed information about them includes the name of the listing brokers. Based on information from the Santa Barbara MLS. 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. Displays of minimal information (e.g., “thumbnails”, text messages, “tweets”, etc., of two hundred [200] characters or less) are exempt from this requirement but only when linked directly to a display that includes all required disclosures. Audio delivery of listing content is exempt from this disclosure requirement only when all required disclosures are subsequently delivered electronically to the registered consumer performing the property search or linked to through the device’s application. Copyright 2024 Santa Barbara Multiple Listing Service. All rights reserved. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 5/1/2024, 9:20:22 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Aug 19, 1999
Aug 19, 1999Home Sold
$375,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$7,092
$532,457
2020
$7,092
$526,999
2019
$6,853
$516,667
2018
$6,854
$506,538
2017
$6,703
$496,607
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
7
/10
Isla Vista Elementary School
6875 El Colegio Rd
Distance between this listing and this school0.51 miles
Public District Grades KG-6
Middle School
6
/10
Goleta Valley Junior High School
6100 Stow Canyon Rd
Distance between this listing and this school3.07 miles
Public District Grades 7-8
High School
7
/10
Dos Pueblos Senior High School
7266 Alameda Ave
Distance between this listing and this school2.12 miles
Public District Grades 9-12
Assigned Schools
7
/10
Isla Vista Elementary School
6875 El Colegio Rd
Distance between this listing and this school0.51 miles
Public District Grades KG-6
Nearby Schools
6
/10
Ellwood Elementary School
7686 Hollister Ave
Distance between this listing and this school2.24 miles
Public District Grades KG-6
6
/10
La Patera Elementary School
555 N La Patera Ln
Distance between this listing and this school2.58 miles
Public District Grades KG-6
Assigned Schools
6
/10
Goleta Valley Junior High School
6100 Stow Canyon Rd
Distance between this listing and this school3.07 miles
Public District Grades 7-8
Nearby Schools
8
/10
Santa Barbara Charter
6100 Stow Canyon Rd
Distance between this listing and this school3.07 miles
Public Charter Grades KG-8
6
/10
La Colina Junior High School
4025 Foothill Rd
Distance between this listing and this school6.63 miles
Public District Grades 7-8
Assigned Schools
7
/10
Dos Pueblos Senior High School
7266 Alameda Ave
Distance between this listing and this school2.12 miles
Public District Grades 9-12
Nearby Schools
6
/10
San Marcos Senior High School
4750 Hollister Ave
Distance between this listing and this school4.63 miles
Public District Grades 9-12
6
/10
Santa Barbara Senior High School
700 E Anapamu St
Distance between this listing and this school9.47 miles
The neighbors living near this home have an average income of $68,750. The majority of Santa Barbara County, CA residents have income between $100k-200k annually. Most families are single, no kids. Residents of this area typically have masters degree education.
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This home is located at 948 Camino Del Sur in Goleta, CA and zip code 93117 in the Isla Vista neighborhood. This 2,906 square foot home, which was built in 1960, sits on a 0.23 acre lot. It has been listed on Rocket Homes since April 15, 2024 and is currently priced at $3,200,000.
While more than 58 listings in Santa Barbara County, CA in March 2024 were sold above asking price, there were more than 35 listings sold at asking price, and more than 64 were sold below. Between February 2024 and March 2024, Santa Barbara County, CA real estate market has seen increase in the number of listings by 5.2%. Listings spent 33 days on the market in March 2024, and had a median list price of $1,219,929 during the same period.
From Rocket Homes Real Estate and based on county public records data.
The data relating to real estate for sale on this web site comes from the Internet Data Exchange Program of the Santa Barbara Multiple Listing Service. Real estate listings held by other are marked with the “MLS” logo and detailed information about them includes the name of the listing brokers. Based on information from the Santa Barbara MLS. 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. Displays of minimal information (e.g., “thumbnails”, text messages, “tweets”, etc., of two hundred [200] characters or less) are exempt from this requirement but only when linked directly to a display that includes all required disclosures. Audio delivery of listing content is exempt from this disclosure requirement only when all required disclosures are subsequently delivered electronically to the registered consumer performing the property search or linked to through the device’s application. Copyright 2024 Santa Barbara Multiple Listing Service. All rights reserved.
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