Sold
Last Sold Price
8 beds
6587 Picasso Rd, Goleta, CA 93117
Multi FamilyProperty Type
4,792 sq ftLot Size
1970Year Built

Description

Isla Vista income opportunity available. Income producing four-plex is close to campus and the heart of Isla Vista's commercial center. The property has been professionally managed and maintained to the highest standards. Please do not disturb tenants.Isla Vista income opportunity available. Income producing four-plex is close to campus and the heart of Isla Vista's commercial center. The property has been professionally managed and maintained to the highest standards. Please do not disturb tenants.
  • Listed by: Kenneth P Slaught 805.962.8989 kenny@investecre.com DRE #00633615 • Investec Properties Inc
Listing closed: 01/11/2017 04:00 PM • Source: Santa Barbara AOR, MLS#: 16-3757

Recent comparable sales

Median sold price

$1,750,000

Avg days on market

54

Sale-to-list ratio

92.8%

Goleta, CA

9 comparable properties found

a front view of multiple houses
1/39
1

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Sold 11/24/25

8
Bedrooms
Unavailable
Square Feet
0.16
Acres
a front view of multiple houses
1/15
2

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Sold 11/24/25

8
Bedrooms
Unavailable
Square Feet
0.16
Acres
$1,750,000 | 495 Whitman Street, Goleta, CA 93117
1/46
3

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Sold 05/23/25

7
Bedrooms
Unavailable
Square Feet
0.19
Acres
a front view of a house with a yard and potted plants
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4

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Sold 09/25/25

9
Bedrooms
Unavailable
Square Feet
0.23
Acres
$2,227,000 | 6516 Del Playa Drive, Goleta, CA 93117
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3
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Unavailable
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$2,275,000 | 6880 Pasado Road, Goleta, CA 93117
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Sold 09/09/26

7
Bedrooms
1,340
Square Feet
0.14
Acres
a front view of a building with garden
1/2
7

$1,680,000

Sold 05/14/26

4
Bedrooms
Unavailable
Square Feet
0.11
Acres
a view of road with large trees
1/2
8

$1,835,000

Sold 04/22/25

5
Bedrooms
2,182
Square Feet
0.24
Acres
a front view of a house with a yard and potted plants
1/9
9

$1,695,000

Sold 07/24/26

4
Bedrooms
2,066
Square Feet
0.11
Acres

Location

Listing Courtesy of Investec Properties Inc, Kenneth P Slaught, DRE #00633615

Sold By Central Coast Investments, Brian R Bailey, DRE #00680927

Add your commute

Payment Calculator

$11,412 per month

30 year fixed, 6.71% Interest

Principal and Interest

$9,302

Property Taxes

$2,110

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 6587 Picasso Road

Property Details
  • MLS Type: Residential Income / Multi-Family
  • Zoning: SR
  • Zoning:SR: Yes
  • Location Info:Cross Street: Embarcadero Del Mar
  • Property Information:Recurring Fees: No
Building Information
  • Residences: 4
  • Year Built: 1970
  • Lot Size: 0.11 AC / 4,792 SF
Details
Features
  • District: 35 - SB/GOL NORTH
  • District: 35 - SB/GOL NORTH
  • FlrWdw Coverings:Wood/Laminate: Yes
  • Laundry Features: None
  • Laundry:None: Yes
  • Flooring: Wood/Laminate
  • Year Built Numeric: 1970
  • Building Area Total: 0.0
Taxes and HOA Information
  • Parcel Number: 075-061-016
  • Association Fee: $.00
Parking/Garage
  • Parking Features: Mixed
  • Parking Info:Mixed: Yes
Room Info
Room Info
  • Total Bathrooms: .00
  • Bathrooms Total (Decimal): .00
  • Bathrooms Total (Notational): .00
Location Info
Location Info
  • Location Info:Compass Map: Santa Barbara
  • Location Info:Map Grid: E12
  • Proximity:Near School(s): Yes
Neighborhood/Schools
  • Elementary School: Isla Vista
  • Junior High School: Gol Valley
  • High School: Dos Pueblos
  • NeighborhoodSchools:Elementary School: Isla Vista
  • NeighborhoodSchools:Junior High School: Gol Valley
  • NeighborhoodSchools:High School: Dos Pueblos
Property / Assessor Information
Property / Assessor Info
  • Foundation Details: Slab
  • Lot Size Square Feet: 4792.0
  • Lot Size Area: 4792.0
  • Lot Size Acres: 0.11
  • Property Type Label: Res Inc
  • New Construction YN: No
  • Foundation:Slab: Yes
  • Condition:Good: Yes
  • Property Information:Realtor.com Type: Multi-Family
  • Property Information:Year Built: 1970.0
Utility Info
  • Meters:Sep Meter Wtr: N
  • Meters:Sep Meter Elec: Y
  • Meters:Sep Meter Gas: No
Income / Expense Info
Income / Expense Info
  • Income/Expenses:Gross Rent Multiplr: 15.65
  • Income/Expenses:Capitalization Rate: 3.96
  • Income/Expenses:Total Annual Exp: $43,765.00
  • Income/Expenses:NOI: 71314
  • Income/Expenses:Total Monthly Income: $10,110
  • Income/Expenses:Annual Income: $121,320
  • Gross Income: $121,320
  • OperatingExpense: $43,765
Unit Info
Unit Info
  • Number Of Units Total: 4
Unit 1 Info
  • Unit 1:# Units: 1
  • Unit 1:# Bedrooms: 2
  • Unit 1:# Baths: 2
  • Unit 1:# Half Baths: 0
  • Unit 1:Furnished: N
  • Unit 1:Rent: $2,550.00
  • Unit 1:Lease: Yes
  • Unit 1:Monthly Total: $10,110.00
Unit 2 Info
  • Unit 2:# Units: 2
  • Unit 2:# Bedrooms: 2
  • Unit 2:# Baths: 1
  • Unit 2:Rent: $2,450.00
  • Unit 2:Lease: Yes
Unit 3 Info
  • Unit 3:# Units: 3
  • Unit 3:# Bedrooms: $2.00
  • Unit 3:# Baths: 2
  • Unit 3:Rent: $2,460.00
  • Unit 3:Lease: Yes
Unit 4 Info
  • Unit 4:# Units: 4
  • Unit 4:# Bedrooms: 2
  • Unit 4:# Baths: 2
  • Unit 4:Rent: $2,650.00
  • Unit 4:Lease: Yes
Rental
Rental Information
  • Total Actual Rent: $10,110

Property History for 6587 Picasso Road

DateEvent & SourcePriceAppreciation
Jan 11, 2017

Sold

Santa Barbara AOR #16-3757

$1,800,000
Dec 20, 2016

Sold (Public Record)

Public Record #586409077

$1,800,100
Dec 5, 2016

Pending

Santa Barbara AOR #16-3757

DateEvent & SourcePrice
01/11/2017

Sold

Santa Barbara AOR #16-3757

$1,800,000
12/20/2016

Sold (Public Record)

Public Record #586409077

$1,800,100
12/05/2016

Pending

Santa Barbara AOR #16-3757

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 6587 Picasso Road

Taxable ValueLand$710,274Additions$1,420,552Total$2,130,826
Tax Record2025$25,322 ($2,110 / month)
Home Facts
Beds0Lot Size4,792 SqFtStyleSingle Family ResidenceZoningSRH20CountySANTA BARBARAAPN075-061-016

Schools near 6587 Picasso Road

This home is within Goleta Union Elementary School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Charter - K to 8
Rating
School
Distance
Isla Vista Elementary School
PublicK to 6

Goleta Valley Junior High School
Public7 to 8

Dos Pueblos Senior High School
Public9 to 12

Santa Barbara Charter School
CharterK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 6587 Picasso Road, Goleta, CA 93117
$1,800,000
8
4,792
4,792
6,098
4,792
$4,350,000
1
3,920

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Investec Properties Inc, Kenneth P Slaught, DRE #00633615

Based on information from one of the following Multiple Listing Services: Santa Barbara MLS and North Santa Barbara County Regional MLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Santa Barbara MLS and North Santa Barbara County Regional MLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.