$10,500,000
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14,850 SqFt
SOLD DATE : 04/12/2022
Key Details
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
Square Footage 14,850 sqft
Price per Sqft $640
MLS Listing ID 21-3944
Sold Date 04/12/22
Year Built 1963
Lot Size 1.000 Acres
Acres 1.0
Lot Dimensions 43560.0
Source Santa Barbara Multiple Listing Service
Property Description
NEVER BEFORE on the market for purchase are 759 Embarcadero Del Mar & 6587 Cervantes Road.
This property consists of two (2) apartment buildings and additional land. 759 Embarcadero Del Mar (8 Units) & 6587 Cervantes Rd. (14 Units), as well as approximately 13,925 SF of additional land that is currently being used for parking. In 2018 there was a new roof added, new windows were installed and the buildings were freshly painted. There is a single main water line servicing the entire property which allows for the potential for additional units to be added on the portion of undeveloped land. This is a well maintained investment property with expansive upside potential in Isla Vista. A great investment opportunity to own student housing at one of the top five public universities in the nation.
CALL TO OFFERS: November 5, 2021
Location
State CA
County Santa Barbara
Building
Lot Description Near Public Transit
Others
Tax ID 075-032-008
Acceptable Financing Cash, Ctnl
Listing Terms Cash, Ctnl
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