948 Camino Del Sur

Goleta, CA 93117

$3,200,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

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.
  1. Listed by Robert Hambleton • DRE #01858350 • Radius Group Commercial R.E.
  2. Listed by Amine Chebouli • DRE #02224613 • Link Brokerages,Inc.

Property Details for 948 Camino Del Sur

MLS Neighborhood
Other
Zoning
SR
Cross Street
Pasado Road
Recurring Fees
No

Location

Listing Courtesy of Radius Group Commercial R.E., Robert Hambleton, DRE #01858350; Link Brokerages,Inc., Amine Chebouli, DRE #02224613
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LISTING UPDATED: 04/15/2024 02:18 PM

Property Details for 948 Camino Del Sur

StatusActive
MLS #24-1155
Days on Market19
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Multi-Family
Year Built1960
Lot Size0.23 AC / 10,018 SF
CountySanta Barbara County

Location

Listing Courtesy of Radius Group Commercial R.E., Robert Hambleton, DRE #01858350; Link Brokerages,Inc., Amine Chebouli, DRE #02224613
Add your commute

Building Information for 948 Camino Del Sur

Stories-Residences3Year Built1960Building Size-Lot Size0.23 AC / 10,018 SF

Payment Calculator

$18,099 per month

30 year fixed, 7.25% Interest

Principal and Interest

$17,464

Property Taxes

$635

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 948 Camino Del Sur

Details
Features
  • District: 30 - SB/GOL SOUTH
  • Property Type: B
  • Amenities: Fncd All
  • Floor Window Coverings: Carpet, Wood/Laminate
  • Laundry: Other
  • Security: Fire Alarm, Smoke Detector(s)
  • Listing Details: None
Parking/Garage
  • Parking Info: Uncovered
Location Info
Location Info
  • Tax Parcel Number: 075-102-024
  • LotLocation: Near School(s)
  • City: GOLETA
  • County: Santa Barbara
  • Postal Code: 93117
Neighborhood/Schools
  • Elementary School: Isla Vista
  • High School: Dos Pueblos
  • Junior High School: Gol Valley
Property / Assessor Information
Property / Assessor Info
  • Condition: Excellent
  • Foundation: Slab
  • Realtorcom Type: Multi-Family
  • Total # Units: 3
Utility Info
  • Heating/Cooling: Heat Other
  • Meters Sep Meter Elec: Y
  • Meters Sep Meter Gas: Yes
  • Meters Sep Meter Wtr: N
Income / Expense Info
Income / Expense Info
  • Capitalization Rate: 6
  • Gross Rent Multiplier: 11.63
  • NOI: 193522
  • Annual Income: $275,040
  • Insurance: $3,840
  • Maintenance Expense: $5,600
  • Taxes: $32,000
  • Total Monthly Income: $22,920
Unit Info
Unit 1 Info
  • Unit 1Furnished: N
  • Unit 1Num Of Baths: 3
  • Unit 1Num Of Bedrooms: 4
  • Unit 1Num Of Half Baths: 0
  • Unit 1Num Of Units: 1
  • Unit 1Monthly Total: $9,650
  • Unit 1Rent: $9,650
Unit 2 Info
  • Unit 2Num Of Baths: 2
  • Unit 2Num Of Units: 1
  • Unit 2Monthly Total: $7,920
Unit 3 Info
  • Unit 3Num Of Baths: 1
  • Unit 3Num Of Bedrooms: 3
  • Unit 3Num Of Units: 1
  • Unit 3Monthly Total: $5,350
Contract Info
Contract Info
  • Deposit: 3
  • List Price: $3,200,000.00
  • Terms: Cash, Ctnl
  • Status: Active

Property History for 948 Camino Del Sur

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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.

Similar Homes

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948 Camino Del Sur is a multi-family home for sale in Goleta, CA 93117. This property was listed for sale on April 15, 2024 by Radius Group Commercial R.E., it's currently listed at $3,200,000. It has been on the market for a total of 19 days and was last sold on August 19, 1999. This listing's school districts are Goleta Union Elementary School District, Santa Barbara Unified School District. Nearby schools include Isla Vista Elementary School, Goleta Valley Junior High School and Dos Pueblos Senior High School. 948 Camino Del Sur is a 0-bed, 0-bath, multi-family home built in 1960.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Radius Group Commercial R.E., Robert Hambleton, DRE #01858350; Link Brokerages,Inc., Amine Chebouli, DRE #02224613

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