948 Camino Del Sur
948 Camino Del Sur
$3,200,000
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Description
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...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.
- Listed by Robert Hambleton • DRE #01858350 • Radius Group Commercial R.E.
- Listed by Amine Chebouli • DRE #02224613 • Link Brokerages,Inc.
Property Details for 948 Camino Del Sur
MLS Neighborhood
Other
ZoningSR
Cross StreetPasado Road
Recurring FeesNo
Location
LISTING UPDATED: 04/15/2024 02:18 PM
Property Details for 948 Camino Del Sur
Status | Active |
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MLS # | 24-1155 |
Days on Market | 19 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income / Multi-Family |
Year Built | 1960 |
Lot Size | 0.23 AC / 10,018 SF |
County | Santa Barbara County |
Location
Building Information for 948 Camino Del Sur
Stories-Residences3Year Built1960Building Size-Lot Size0.23 AC / 10,018 SF
Payment Calculator
$18,099 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 948 Camino Del Sur
Property History for 948 Camino Del Sur
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 948 Camino Del Sur
Taxable ValueLand$369,315Additions$184,651Total$553,966
Tax Record2023$7,625 ($635 / month)
Home Facts
Lot Size10,018 SqFtStyleDuplexYear Built1960CountySANTA BARBARAAPN075-102-024
Schools near 948 Camino Del Sur
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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