948 Camino Del Sur, GOLETA CA, 93117

Active

948 Camino Del Sur

GOLETA CA, 93117

$3,200,000

$1,101.17 per sqft

Active

7 Beds

6 Baths

2,906 sqft

Residential

Built in 1960

Courtesy of Robert Hambleton, Radius Group Commercial R.E.

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.

24-1155

MLSⓇ ID

April 15, 2024

Listed

May 9, 2024

Updated

Map

948 Camino Del Sur
GOLETA CA, 93117

Interior Features

Bedrooms: 7
Total Bathrooms: 6
Interior Features: Fncd All
Laundry Description: Other
Floor Description: Carpet, Wood/Laminate
Fireplace: No
Cooling: No
Heating: Yes
Heating Description: Other

Exterior/Building Features

Lot Size: 0.23 Acres

School Information

High School: Dos Pueblos
Elementary School: Isla Vista

Other Property Details

Area Name: 30 - SB/GOL SOUTH
Garage: No
View: No
County: Santa Barbara
Pool: No
Zoning: SR
Buyer Agency Compensation: 2.5%

Listed by Radius Group Commercial R.E., Robert Hambleton,
Listing Contact:

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Data last updated 11:00 AM UTC, 5/9/2024