6591 Cordoba Road, Goleta, CA 93117, Goleta, 93117 - 0 bed, 0 bath
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Goleta, CA 93117
Analysis of 6591 Cordoba Road, Goleta, CA 93117 is currently available with a list price of $4,550,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Goleta Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is moderate renovation needed.
Built in 1966, this property shows signs of recent cosmetic updates including new LVP flooring, fresh paint, and updated kitchen cabinets with modern hardware and recessed lighting. However, the kitchen still features an older-style white gas range and refrigerator, and the bathroom vanity with its pink/peach laminate countertop is significantly dated. While functional and clean, the mix of updated and outdated components, along with the age of the building and lack of central HVAC, indicates it's aged but maintained with occasional updates, requiring further modernization to meet current standards.
Strategically positioned in the center of Isla Vista, a high-demand student housing corridor, and just minutes from the beach, ensuring consistent tenant interest.
The property is a 5-unit multifamily asset with proven strong rental demand and consistent income, ideal for investors seeking stable cash flow.
A reported 5.32% CAP rate indicates a solid return on investment, making it an appealing opportunity for income-focused buyers.
Built in 1966, the property may require significant capital expenditures for system upgrades, modernization, or deferred maintenance to remain competitive.
While a strength for demand, managing student housing can involve higher tenant turnover, increased wear and tear, and specific management challenges.
The list price of $4.55 million represents a substantial investment, potentially limiting the pool of prospective buyers to well-capitalized investors.
Welcome to 6591 Cordoba Rd, a well positioned 5-unit multifamily property in the center of Isla Vista--just minutes the beach. On a 7,840 SF lot, this asset offers strong rental demand, consistent income, and longterm upside in one of Santa Barbara County's most sought-after rental markets. Each unit is designed for comfort and efficiency, with features like private balconies and ample parking. With its strategic location and proven rental performance, the property is ideal for investors seeking stability and growth in a high-demand student housing corridor. 5.32% CAP RATE
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 5,130 | 1,257.5 | 75% |
| Lot Size | 7,840.8 | 6,533.8 | 75% |
| Price | $4.55M | $2.80M | 75% |
| Price per sq ft | $887 | $655 | 50% |
| Built year | 1966 | 1960 | 63% |
| HOA | $0 | $0 | 50% |
| Days on market | 196 | 214 | 50% |
Oct 8, 2025
$4,550,000
Initial Listing
Nov 26, 2024
$2,935,000
Public Record