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5-Unit Multifamily Property
For Sale
$4,550,000

6591 Cordoba Rd, Goleta, CA 93117

Five-unit multifamily building on a 7,840 SF lot with private balconies and ample parking.

Property Size5,130 SF
Days on Market150

Property Features for 6591 Cordoba Rd

General Information

Standard status Active
Size 5,130 SF
Property subtype Investment

Building Details

Building Size 5,130 SF
Year Built 1966
Units 5
Listing Agency: Radius Commercial Real Estate & Investments Santa Barbara
Listed By: Steven Golis · License #00772218
Source: Elliman
Added: Mar 28 Changed: Aug 23 Last Checked: Aug 10 at 6:13AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Radius Commercial Real Estate & Investments Santa Barbara

Investment Insights

Based on property information with market context.

Welcome to 6591 Cordoba Road, a five-unit multifamily property in the center of Isla Vista. The asset is situated on a 7,840 SF lot and is configured for rental use with each unit offering private balconies and ample parking.

The property is described as being just minutes from the beach and positioned in what the remarks characterize as a high-demand student housing corridor in Santa Barbara County.

The offering is presented as a stable income-producing asset with an indicated 5.32% cap rate. The units are designed for comfort and efficiency, and the property is positioned for long-term upside in the local rental market.

Key Highlights

  • 5‑unit multifamily building on a 7,840 SF lot
  • Each unit includes private balconies
  • Ample parking on‑site

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Dental Office Building Supply Hair Salon Auto Repair Shop Pharmacy

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

704
Businesses Nearby

Demographics for 93117, CA

53,430
Population
18,208
Households
2.9
Avg Household Size
28
Median Age
49%
College-Educated
90%
High-School Grad
168.1 sq mi
ZIP Area
318
Density / Sq Mi
$85,711
Median Household Income
$28,542
Median Earnings
$1,980
Median Rent
$1,021,700
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Five-unit multifamily building on a 7,840 SF lot with private balconies and ample parking.
Where is this apartment building located?
The property is located at 6591 Cordoba Rd Goleta, CA.
What is the asking price?
The asking price for this property is $4,550,000.
What are key features of this property?
This property features: 5‑unit multifamily building on a 7,840 SF lot; Each unit includes private balconies; Ample parking on‑site
More about this property
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