$19,300,000

6587 Cervantes Rd Goleta, CA 93117

Estimated payment $126,815/month

Total Views 2,834
-- Bed
-- Bath
12,757 Sq Ft
$1,513 Price per Sq Ft

Highlights

  • Property is near an ocean
  • 1 Acre Lot
  • Property is in excellent condition
  • Isla Vista Elementary School Rated A
  • Property is near a park
  • 5-minute walk to Greek Park

About This Home

TWO ADJACENT APARTMENT BUILDINGS+ PROPOSED 27-UNIT ENTITLED LAND PROJECT | This premier offering near the UCSB campus includes two apartment buildings totaling 22 units - 759 Embarcadero Del Mar (8 units) and 6587 Cervantes Rd (14 units) - plus ±15,000 SF of adjacent land which is currently generating additional income through parking. The offering features proposed plans for a 27-unit development. Contact listing agents for more details.

Listing Agent

Steve Golis

Radius Group Commercial R.E. License #00772218

Radius Group Commercial R.E.

Co-Listing Agent

Michael Chenoweth

Radius Group Commercial R.E. License #01213196

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 1 Acre Lot
  • Property is in excellent condition

Home Design

  • 12,757 Sq Ft Home

Parking

  • 51 Open Parking Spaces
  • 51 Parking Spaces

Outdoor Features

  • Property is near an ocean

Location

  • Property is near a park
  • Property is near public transit
  • Property is near schools
  • Property is near shops
  • Property is near a bus stop

Schools

  • Isla Vista Elementary School
  • Gol Valley Middle School
  • S.B. Sr. High School

Community Details

  • 22 Units
  • Gross Income $957,600

Listing and Financial Details

  • Assessor Parcel Number 075-032-008

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1963
  • Income Expenses Annual Income: 957600.0
  • Monthly Income: 79800.0
  • ResoLotFeatures: Near Public Transit
  • Co List Office Mls Id: rad
  • Co List Office Phone: 805-965-5500
  • New Construction: No
  • Reso Property Condition: Excellent
  • Property Information Year Built2: 1963
  • NeighborhoodSchools Elementary School: Isla Vista
  • NeighborhoodSchools Junior High School: Gol Valley
  • NeighborhoodSchools High School: S.B. Sr.
  • Parking Info Total # Unconvered Spaces: 51.0
  • Condition Excellent: Yes
  • Proximity Near Ocean2: Yes
  • Proximity Near Park(s)2: Yes
  • Proximity Near School(s)2: Yes
  • Property Information Main House SqFt: 12757.0
  • Proximity Near Shopping2: Yes
  • Property Information Apx Lot SqFt: 43560.0
  • Proximity Near Bus: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Acres: 1.0

Garage/Parking

  • Open Parking Spaces: 51.0

Schools

  • Elementary School: Isla Vista
  • High School: S.B. Sr.
  • Middle Or Junior School: Gol Valley

Lot Info

  • Parcel #: 075-032-008
  • Zoning: Other
  • Lot Size Sq Ft: 43560.0

Multi Family

  • Number Of Units Total: 22
  • Annual Gross Income: 957600.0
  • Total Actual Rent: 79800.0

Map

Range of Values:

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Average Value
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List Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/02/2025 04/02/25 For Sale $19,300,000 +102.9% $1,513 / Sq Ft
04/12/2022 04/12/22 Sold $9,514,080 -9.4% $641 / Sq Ft
11/11/2021 11/11/21 Pending -- -- --
10/25/2021 10/25/21 For Sale $10,500,000 -- $707 / Sq Ft
Source: Santa Barbara Multiple Listing Service

Source: Santa Barbara Multiple Listing Service

MLS Number: 25-1296

Santa Barbara Multiple Listing Service

California Santa Barbara County Goleta 93117

6587 Cervantes Rd, Goleta, CA

Homes for Sale in Goleta, CA

This home is located at 6587 Cervantes Rd, Goleta, CA 93117 and is currently priced at $19,300,000, approximately $1,512 per square foot. This property was built in 1963. 6587 Cervantes Rd is a home located in Santa Barbara County with nearby schools including Isla Vista Elementary School, Goleta Valley Junior High School, and Dos Pueblos Senior High School.

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Steve Golis
Listing Agent
Steve Golis
Section Image
Radius Group Commercial R.E.
(805) 514-1812