6591 Cordoba Road, ISLA VISTA, CA 93117, ISLA VISTA, 93117 - 0 bed, 0 bath
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ISLA VISTA, CA 93117
Analysis of 6591 Cordoba Road, ISLA VISTA, CA 93117 is currently available with a list price of $4,550,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the ISLA VISTA 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 move-in ready.
Although built in 1966, the property has been well-maintained and features significant interior updates. The units showcase modern luxury vinyl plank flooring, fresh white paint, and recessed lighting. The kitchens have been updated with contemporary white shaker-style cabinetry and functional appliances. While the exterior retains its original 1960s character and the appliances are standard grade, the overall condition is move-in ready and reflects recent renovations to the living spaces.
Situated in the heart of Isla Vista's high-demand student housing corridor and just minutes from the beach, ensuring a constant pool of potential tenants from the nearby university.
Boasts a competitive 5.32% CAP rate, offering investors immediate and stable cash flow in a premium Santa Barbara County rental market.
Each of the five units features private balconies and the property provides ample parking, which are highly sought-after features that command premium rents in this dense area.
Built in 1966, the property may require more frequent maintenance or significant capital improvements to systems and finishes compared to newer developments.
The student-centric location typically results in higher turnover rates and more intensive property management requirements compared to traditional residential assets.
With a list price of $4.55 million, the high cost per unit may limit the pool of qualified buyers and require substantial upfront capital investment.
Welcome to 6591 Cordoba Rd, a well-positioned 5-unit multifamily property in the center of Isla Vista-just minutes to the beach. On a 7,840 SF lot, this asset offers strong rental demand, consistent income, and long-term 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 | 7,841 | 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 | 104 | 194 | 13% |
Jan 8, 2026
$4,550,000
Initial Listing
Nov 26, 2024
$2,935,000
Public Record