Sold
Last Sold Price
1 bed
6656 Picasso Rd, Isla Vista, CA 93117
Multi FamilyProperty Type
0.27 acresLot Size
1961Year Built
10 carsParking Spaces

Description

This apartment building is located across the street from a park in central Isla Vista. There are six townhouse-style 2+1.75 units ($1,995-$2,580) and four 1+1 units ($1,000-$1,320). Eight units have fenced patio areas. The attached laundry room includes owned machines. The rear parking area is accessed via an alley. Planned long-term enrollment increases at UCSB make this a great investment.This apartment building is located across the street from a park in central Isla Vista. There are six townhouse-style 2+1.75 units ($1,995-$2,580) and four 1+1 units ($1,000-$1,320). Eight units have fenced patio areas. The attached laundry room includes owned machines. The rear parking area is accessed via an alley. Planned long-term enrollment increases at UCSB make this a great investment.
  • Listed by: Brian R Bailey 805.637.1031 Brian@CentralCoastInvestments.com DRE #00680927 • Central Coast Investments
Listing closed: 01/31/2013 04:00 PM • Source: Santa Barbara AOR, MLS#: 12-3141

Location

Listing Courtesy of Central Coast Investments, Brian R Bailey, DRE #00680927

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

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Payment Calculator

$13,145 per month

30 year fixed, 6.71% Interest

Principal and Interest

$10,335

Property Taxes

$2,810

HOA Dues

$0

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Property Information for 6656 Picasso Road

Property Details
  • MLS Type: Residential Income / Multi-Family
  • MLS Neighborhood: Other
  • Zoning: SR
  • Zoning:SR: Yes
  • Location Info:Cross Street: Camino Del Sur
Building Information
  • Stories: 2
  • Residences: 10
  • Year Built: 1961
  • Lot Size: 0.27 AC / 11,761 SF
Details
Features
  • District: 30 - SB/GOL SOUTH
  • District: 30 - SB/GOL SOUTH
  • Amenities:Deck: Yes
  • Amenities:Refrigerator: Yes
  • Amenities:Fncd Prt: Yes
  • FlrWdw Coverings:Carpet: Yes
  • FlrWdw Coverings:Vinyl: Yes
  • Laundry Features: Laundry Room
  • Laundry:Laundry Room: Yes
  • Flooring: Vinyl, Carpet
  • Heating/Cooling:Wall: Yes
  • Year Built Numeric: 1961
  • Stories: 2
  • Property Information:Stories: 2.0
  • Building Area Total: 0.0
Taxes and HOA Information
  • Parcel Number: 075-020-019
  • Association Fee: $.00
Parking/Garage
  • Parking Features: Uncovered
  • Parking Info:Uncovered: Yes
Miscellaneous
  • Miscellaneous:# Refrigerators: 10.00
  • Miscellaneous:# Stoves: 10.00
  • Miscellaneous:Parking Spaces: 10.00
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 Bus: Yes
  • Proximity:Near Ocean: Yes
  • Proximity:Near Park(s): Yes
  • Proximity:Near School(s): Yes
  • Lot Features: Near Public Transit
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: 11761.2
  • Lot Size Area: 11761.2
  • Lot Size Acres: 0.27
  • Lot Size Units: Apx Lot Size FxD
  • Property Type Label: Res Inc
  • New Construction YN: No
  • Foundation:Slab: Yes
  • Condition:Good: Yes
  • Condition:Average: Yes
  • Property Information:Realtor.com Type: Multi-Family
  • Property Information:Year Built: 1961.0
  • Assessor's Data:Assessor Year Built: 1961.0
  • Assessor's Data:Assessor SqFt: 7612.0
  • Assessor's Data:Assessor Lot Acres: 0.27
Utility Info
  • Meters:Sep Meter Wtr: N
  • Meters:Sep Meter Elec: N
  • Meters:Sep Meter Gas: No
Income / Expense Info
Income / Expense Info
  • Income/Expenses:Gross Rent Multiplr: 11.01
  • Income/Expenses:Capitalization Rate: 5.22
  • Income/Expenses:Actual: Yes
  • Income/Expenses:Estimated: Yes
  • Income/Expenses:Insurance: $3,110
  • Income/Expenses:Electric Expense: $6,505
  • Income/Expenses:Gas Expense: $4,052
  • Income/Expenses:Trash Expense: $3,605
  • Income/Expenses:Total Monthly Income: $17,830
  • Income/Expenses:Other Income: $129
  • Income/Expenses:Annual Income: $213,960
  • Gross Income: $213,960
  • Electric Expense: $6,505
  • Insurance Expense: $3,110
  • Trash Expense: $3,605
  • Gas Expense: $4,052
Unit Info
Unit Info
  • Number Of Units Total: 10
Unit 1 Info
  • Unit 1:# Units: 4
  • Unit 1:# Bedrooms: 1
  • Unit 1:# Baths: 1
  • Unit 1:# Half Baths: 0
  • Unit 1:Furnished: N
  • Unit 1:Rent: $4,865.00
  • Unit 1:Lease: Yes
  • Unit 1:Monthly Total: $4,865.00
Unit 2 Info
  • Unit 2:# Units: 6
  • Unit 2:# Baths: 2
  • Unit 2:Lease: Yes
  • Unit 2:Monthly Total: $12,965.00
Rental
Rental Information
  • Total Actual Rent: $17,830

Property History for 6656 Picasso Road

DateEvent & SourcePriceAppreciation
Jan 31, 2013

Sold

Santa Barbara AOR #12-3141

$2,000,000
Nov 29, 2012

Sold (Public Record)

Public Record #346399390

$907,000
Oct 23, 2012

Pending

Santa Barbara AOR #12-3141

DateEvent & SourcePrice
01/31/2013

Sold

Santa Barbara AOR #12-3141

$2,000,000
11/29/2012

Sold (Public Record)

Public Record #346399390

$907,000
10/23/2012

Pending

Santa Barbara AOR #12-3141

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

Public Records for 6656 Picasso Road

Taxable ValueLand$1,318,852Additions$1,192,519Total$2,511,371
Tax Record2025$33,716 ($2,810 / month)
Home Facts
Total Finished SqFt7,612 SqFtAbove Grade Finished SqFt7,612 SqFtLot Size11,761 SqFtStyleMulti-Family Res (5+ Units)Year Built1961Year Renovated1961ZoningSRH20CountySANTA BARBARAAPN075-020-019

Schools near 6656 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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Listing Courtesy of Central Coast Investments, Brian R Bailey, DRE #00680927

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.