For Sale

$19,300,000

6587 Cervantes Rd, Goleta, CA 93117

3Beds
3Baths
12757SqFt

3Beds
3Baths
12757SqFt

Property Type
Condo
Year Built
1963
Price per Sqft
$1513
On highrises
2 Days

Property Details

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.

Property Features

Bedrooms

Bedrooms: 3

Bathrooms

Total Bathrooms: 0
Full Bathrooms: 3

Land Info

Near Public Transit
Lot Size Acres: 1.0
Lot Size Square Feet: 43560

Garage and Parking

Open Parking Spaces: 51

School Information

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

Multi-Unit Info

Bedrooms in Unit-1: 1
Bedrooms in Unit-2: 2
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 2
Full Bathrooms in Unit-1: 1
Full Bathrooms in Unit-2: 2
Half Bathrooms in Unit-1: 0
Unit-1 Furnished Description: N
Unit 1 Total Actual Rent: 69400
Unit 2 Total Actual Rent: 10400

Other Property Info

Source Listing Status: Active
County: Santa Barbara
Source Property Type: Res Inc
Area: 30 - SB/GOL SOUTH
MLS Area Minor: 30 - SB/GOL SOUTH
Source Neighborhood: 30 - SB/GOL SOUTH
Parcel Number: 075-032-008

Building and Construction

Year Built: 1963
Property Age: 62
Property Condition: Excellent

Property History

Property Price

Date	Event	Price	Price/Sq Ft	Source
04/02/2025	Listed	$19,300,000	$1,513	SantaBarbara
04/12/2022	Sold	$9,514,080	-	SantaBarbara
07/24/2015	Listing removed	$1,250	-	Appfolio
06/18/2015	Listed for rent	$1,250	-	Appfolio

Property Tax

Year	Taxes	Land	added to	Additions	equals	Total assessments
2023	$114,059	$4,443,120	+	$5,261,241	=	$9,704,361
2022	$15,820	$119,648	+	$346,307	=	$465,955
2021	$15,587	$117,302	+	$339,517	=	$456,819
2020	$15,397	$116,100	+	$336,036	=	$452,136
2019	$15,256	$113,824	+	$329,448	=	$443,272
2018	$15,107	$111,593	+	$322,989	=	$434,582
2017	$14,497	$109,405	+	$316,656	=	$426,061

Neighborhood

Environmental Risk

Nearby Home Values

Address	Estimate	Bed	Bath	Sq Ft	Lot (sq ft)
5518 Armitos Ave Apt 88	$585K	1	1	701	436
588 Mills Way	$900K	2	2	1056	436
33 Dearborn Pl Apt 48	$675K	2	1	945	945
241 Moreton Bay Ln Unit 3	$749.9K	1	2	1063	871
232 Sanderling Ln	$1.9M	3	4	2823	1742
321 Moreton Bay Ln Unit 3	$895K	3	2	1241	1307

Presented by:
Steven J Golis
state license#00772218

Broker Location:

SANTA BARBARA

Data Source:

SantaBarbara

Source's Property ID:

25-1296

Data Source Copyright:

$19,300,000

6587 Cervantes Rd, Goleta, CA 93117