6624 Sueno Road, Goleta, CA 93117, Goleta, 93117 - 3 bed, 1 bath
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Goleta, CA 93117
Analysis of 6624 Sueno Road, Goleta, CA 93117 is currently available with a list price of $2,000,000. The property maintains a Tear down Condition Rating (10/100), reflecting significant deferred maintenance. This property is best suited for experienced investors or developers prepared for substantial renovation work. 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 Experienced Investors and Fix-and-Flip Specialists.
Property is land value only, full reconstruction required.
Built in 1946 (78 years old) with no recorded renovations. The listing explicitly describes the property as a tear-down/redevelopment profile, noting that the value lies in the large 0.34-acre lot rather than the aged 1,102 SF structure.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 14810, living area = 1102.
Situated in the heart of Isla Vista adjacent to UC Santa Barbara, the property is positioned in a premier high-density student housing community with consistent, high-volume demand.
The oversized 14,810 SF infill parcel features a high improvement-to-land ratio, making it an ideal candidate for a high-density residential development project to maximize the site's utility.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1102, other record living area = 1002.
The existing 1946 structure is small and aged, offering little value relative to the land and necessitating a complete tear-down to realize the property's highest and best use.
At a $2,000,000 valuation for a 1,102 SF home, the acquisition cost is heavily weighted toward land value, requiring a sophisticated developer to justify the initial investment through density.
6624 Sueno Rd. is a 14,810 sf (0.34- acre) infill parcel situated in the heart of Isla Vista-Santa Barbara County's highest-density student housing community, adjacent to UC Santa Barbara's main campus.The Site currently operates as a 3 bed, 1 bath single family residence (1,102 SF) with significant underlying land value. The improvement-to-land ratio strongly signals a tear-down/redevelopment profile. Currenty leased for $4400 month and tenants pay all utilities.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 1.0 | 0.0 |
| Square foot | 1,102 | - |
| Lot Size | 14,810 | - |
| Price | $2.00M | $1.48M |
| Price per sq ft | $1.8K | $850 |
| Built year | 1946 | 0 |
| HOA | $0 | $0 |
| Days on market | 28 | 54 |
Jun 24, 2026
$2,000,000
Initial Listing