6591 Cordoba Road, GOLETA, CA 93117, GOLETA, 93117 - bed, bath
ACTIVE$4,550,000$5,130/sqft
6591 Cordoba Road, GOLETA, CA 93117
0Bed
0Bath
5,130Sqft
7,841Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Extensive Recent Renovation: The property underwent a full, comprehensive renovation in 2025, including major system upgrades (plumbing, electrical, sewer) and cosmetic enhancements, significantly reducing immediate capital expenditure for a new owner.
Top Cons:
High Capital Outlay: The list price of $4.55 million represents a substantial investment, potentially limiting the pool of prospective buyers to those with significant capital or access to large financing.
Compared to the nearby listings
Price:$4.55M vs avg $2.10M (+$2,450,000)83%
Size:5,130 sqft vs avg sqft83%
Price/sqft:$887 vs avg $083%
More Insights
Built in 1966 (60 years old).
Condition: Despite being built in 1966, the property underwent a full and extensive renovation in 2025, including new LVP floors, appliances, cabinetry, windows, blinds, exterior paint, and major plumbing, electrical, and sewer upgrades. The images confirm new, modern-style kitchens with white shaker cabinets and new appliances, and updated, clean bathrooms. All components appear new or virtually new, meeting current quality standards.
Year Built
1966
Close
-
List price
$4.55M
Original List price
-
Price/Sqft
$887
HOA
$0
Days on market
-
Sold On
-
MLS number
25-3294
Home ConditionExcellent
Features
Good View:
Deck
View-
About this home
FULLY RENOVATED 2025 ISLA VISTA 5-PLEX W/ IMMEDIATE UPSIDE NEAR UCSB 6591 Cordoba Rd. offers a rare chance to acquire a fully renovated 5-unit student housing asset on the desirable 6-5 block of Isla Vista, minutes from UCSB. The property includes (4) lg 3BD/2BA units & (1) oversized 2BD/2BA, totaling 25 beds. In 2025, it underwent a full reno: new LVP floors, appl., cabinetry, windows, blinds, ext. paint + major plumbing, elec. & sewer upgrades. Three units feature pvt balconies, incl. 2 front-facing & 1 new side-facing balcony. Fully pre-leased for 2025-26, but rents were set pre-reno, offering clear upside for 2026-27. Current ops at 5.32% cap w/ add'l value via 8 on-site parking spaces not yet monetized.
S
Steven Golis
Listing Agent
Price History
Date
Event
Price
11/26/24
Sold
$2,935,000
Condition Rating
Excellent
Despite being built in 1966, the property underwent a full and extensive renovation in 2025, including new LVP floors, appliances, cabinetry, windows, blinds, exterior paint, and major plumbing, electrical, and sewer upgrades. The images confirm new, modern-style kitchens with white shaker cabinets and new appliances, and updated, clean bathrooms. All components appear new or virtually new, meeting current quality standards.
Pros & Cons
Pros
Extensive Recent Renovation: The property underwent a full, comprehensive renovation in 2025, including major system upgrades (plumbing, electrical, sewer) and cosmetic enhancements, significantly reducing immediate capital expenditure for a new owner.
Prime Student Housing Location: Situated on the desirable 6-5 block of Isla Vista, minutes from UCSB, ensuring high demand, consistent occupancy, and premium rental rates from the student population.
Clear Value-Add Opportunity: Fully pre-leased for 2025-26 with rents set pre-renovation, presenting a clear and immediate opportunity to significantly increase rental income for the 2026-27 academic year.
Optimized Unit Mix & High Bed Count: Comprising four large 3BD/2BA units and one oversized 2BD/2BA unit, totaling 25 beds, the configuration is highly efficient and desirable for maximizing student housing rental income.
Untapped Income Potential from Parking: The property includes 8 on-site parking spaces that are currently not monetized, offering a straightforward avenue to generate additional revenue.
Cons
High Capital Outlay: The list price of $4.55 million represents a substantial investment, potentially limiting the pool of prospective buyers to those with significant capital or access to large financing.
Market Niche Dependency: As a dedicated student housing asset, its performance is highly dependent on UCSB's enrollment trends, housing policies, and the overall student rental market, which introduces a degree of market-specific risk.
Significant Price Appreciation from Last Sale: The property's current list price reflects a substantial increase from its previous sale price of $2.935 million, which, despite extensive renovations, may lead some investors to scrutinize the current valuation and future appreciation potential.