Pending

$4,425,000

Est. $28,676/mo —

•

5,130

sq ft

6591 Cordoba Rd, Goleta, CA 93117

About this home

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.

Multi-familyProperty Type

1966Year Built

7,841 sq ftLot Size

$863Price/Sq.Ft.

8 spacesParking

Listed by Michael Lopus •DRE #01970736 • Colliers International Greater Los Angeles, Inc.

Listed by Steven Golis •DRE #00772218 • Radius Group Commercial R.E.

Listing updated: Aug 6, 2026 at 10:26am

Redfin checked: a minute ago

•Source:SBMLS #26-68

Payment calculator

$28,676 per month

Principal and interest$23,255

Property taxes

$4,609

HOA dues

Home insurance

$811

Utilities

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Open houses

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Around this home

Schools

K - 12
Preschool & daycare

Isla Vista Elementary School

Public K-6 • Assigned • 0.6mi

8/10

Goleta Valley Junior High School

Public 7-8 • Assigned • 2.9mi

6/10

Dos Pueblos Senior High School

Public 9-12 • Assigned • 2.0mi

9/10

Provided by GreatSchools

About Ocean

Terrace

Ocean Terrace, located between Del Playa Drive and Camino Pescadero, is a coastal and residential Isla Vista neighborhood with blufftop views and a surf-forward atmosphere. The neighborhood’s character concentrates around the Camino Pescadero corridor near the UC Santa Barbara edge, where bike traffic, small eateries, and late-night storefronts set the tempo. Housing reads as compact beach apartments and low-rise student-era buildings, with ocean air and salt-worn landscaping as a constant backdrop. Sands Beach and the Isla Vista Bluffs frame daily routines with cliffside paths and sunset lookouts. Community pillars include the Isla Vista Food Co-op, Embarcadero Hall, and the Isla Vista Theater.

Provided by Walk Score and Local Logic

Property details

Interior
Exterior
Finance

Interior features
Laundry room
Vinyl flooring

Bedrooms
Five units total: one 3-bedroom unit, two 3-bedroom units, three 3-bedroom units, and one 2-bedroom unit

Bathrooms
Units include combinations of 2 and 3 baths (varies by unit)

Laundry & utility
Dedicated laundry room

Flooring
Vinyl

Heating & cooling
Electric heating available

Sale and tax history for 6591 Cordoba Rd

Sale History
Tax History

Date

Event

Price

SBMLS #26-68

Aug 6, 2026

Pending

—

May 18, 2026

Price Changed

$4,425,000

$863/sq ft

Jan 8, 2026

Listed

$4,550,000

$887/sq ft

CRMLS #V1-32761

Aug 6, 2026

Pending

—

May 15, 2026

Price Changed

$4,425,000

$863/sq ft

Nov 11, 2025

Relisted

—

Oct 27, 2025

Listing Removed

—

Oct 8, 2025

Listed

$4,550,000

$887/sq ft

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

SBMLS #25-3294

Aug 12, 2026

Pending

—

May 14, 2026

Price Changed

$4,425,000

$863/sq ft

Feb 11, 2026

Relisted

—

Oct 22, 2025

Listing Removed

—

Sep 2, 2025

Listed

$4,550,000

$887/sq ft

+12

FULLY RENOVATED IN 2025 ISLA VISTA 5-PLEX W/ IMMEDIATE UPSIDE - 6.14% 26/27 CAP. Completed leased for 26/27 school year! 6591 Cordoba Rd. offers a rare chance to acquire a fully renovated 5-unit student housing asset on the desirable 6-5 block of Isla Vista, minutes from UCSB. The property includes (4) lg 3BD/2BA units & (1) oversized 2BD/2BA, totaling 25 beds. In 2025, it underwent a full reno: new LVP floors, appl., cabinetry, windows, blinds, ext. paint + major plumbing, elec. & sewer upgrades. Three units feature pvt balconies, incl. 2 front-facing & 1 new side-facing balcony. Fully pre-leased for 2025-26, but rents were set pre-reno, offering clear upside for 2026-27. 8 on-site parking spaces not yet monetized.

CRMLS #V1-25297

Nov 26, 2024

Sold

$2,935,000

$572/sq ft

Sep 13, 2024

Pending

—

Aug 20, 2024

Listed

$2,975,000

$580/sq ft

NSBCRMLS #24001641

Nov 26, 2024

Sold

$2,935,000

$572/sq ft

Sep 13, 2024

Pending

—

Aug 19, 2024

Listed

$2,975,000

$580/sq ft

SBMLS #24-2729

Nov 26, 2024

Sold

$2,935,000

$572/sq ft

Sep 13, 2024

Pending

—

Aug 19, 2024

Listed

$2,975,000

$580/sq ft

Year

Property tax

Land + Additions

Assessment*

2025

$34,552 (−11.5%)

$994,500 + $1,999,200

$2,993,700

2024

$39,022 (+624.5%)

$975,000 + $1,960,000

$2,935,000

2023

$5,386 (+5.4%)

$1,000,000 + $2,400,000

$3,400,000

2022

$5,112 (+2.0%)

$37,717 + $188,732

$226,449

2021

$5,010 (+1.8%)

$36,978 + $185,032

$222,010

2020

$4,924 (+1.3%)

$36,253 + $181,404

$217,657

2019

$4,860 (+1.4%)

$35,882 + $179,544

$215,426

2018

$4,793 (+3.2%)

$35,179 + $176,024

$211,203

2017

$4,642 (+10.0%)

$33,814 + $169,190

$203,004

2016

$4,221 (−1.8%)

$33,814 + $169,190

$203,004

2015

$4,298 (+1.0%)

$33,151 + $165,873

$199,024

2014

$4,255 (+2.2%)

$32,015 + $160,182

$192,197

2013

$4,165 (+3.5%)

$32,015 + $160,182

$192,197

2012

$4,026 (+1.5%)

$31,871 + $159,459

$191,330

2011

$3,966 (+1.5%)

$31,247 + $156,333

$187,580

2009

$3,907 (+1.4%)

$30,407 + $152,123

$182,530

2008

$3,853

$29,883 + $149,496

$179,379

Public record

Public record
Zoning

Beds

—

Baths

—

Stories

—

Lot width

—

Lot depth

—

Lot size

7,841 Sq. Ft.

Year renovated

—

Finished Sq. Ft.

—

Unfinished Sq. Ft.

—

Total Sq. Ft.

—

Year built

—

Style

Multi-Family (5+ Unit)

County

Santa Barbara County

APN

075111002

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Aug 17, 2026.

SR-H-20

High Density Student Residential Zone

The purpose of this district is to provide for residential development which is unique to a student-oriented community. The intent is to provide for multiple residential development at moderate densities to mitigate potential adverse impacts on traffic, parking, open space, aesthetics, health, and safety and to encourage the combining of substandard lots to allow for a more efficient utilization of space. The provision of affordable housing within this district shall be encouraged.

Zone overlays

Design Control Overlay Zone

Permitted uses

Include but are not limited to:

Housing-Single unit
Housing-Multiple units
Housing-Other

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

2/10 Fire Factor

0.00% chance of being in a wildfire in next 30 years

5/10 Heat Factor

7 days above 83° expected this year, 19 days in 30 years

1/10 Wind Factor

Minimal risk of severe winds over next 30 years

6/10 Air Factor

10 unhealthy days expected this year, 10 days in 30 years

Provided by First Street

Historical weather

Goleta, CA • 93117

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

78/ 100

Good sunlight

Sunscore

There appears to be minimal shading by surrounding buildings, terrain, and vegetation.

8.4 hrs

4.9 hrs

JuneDecember

Provided by Shadowmap

Redfin Estimate for 6591 Cordoba Rd

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Details provided by SBMLS and may not match the public record. Learn more.

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About this home

Payment calculator

Open houses

Nearby open houses (10)

Around this home

Schools

Property details

Sale and tax history for 6591 Cordoba Rd

Public record

Climate risks

Historical weather

Sun exposure

Redfin Estimate for 6591 Cordoba Rd

This home is pending

Questions? Redfin partner agents are here to help

Nearby similar homes

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