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    6672 Abrego Rd Goleta, CA 93117-7507
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    Property profile & analytics

    6672 Abrego Rd, Goleta, CA 93117-7507

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    • Apartment buildings
    • 37,584 SF
    • 2.00 lot acres
    Off-Market
    Last Sale Mar 19, 2020
    $73,700,000
    Property ID
    US10-3247292
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Apartment buildings

    Property Details for 6672 Abrego Rd

    Lot size
    2.00 lot acres
    Property type
    Apartment buildings
    APN
    075-051-002
    APU
    75051002

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 23, 2021 — Gep X Isla Vista LLC — Deed · related —
    Jun 12, 2020 — Gep X Isla Vista LLC — Deed · related $42.8M · Walker & Dunlop
    Mar 19, 2020 $73,700,000 Gep X Isla Vista LLC Cpi Of Ma Coronado Owner LLC Grant Deed —
    Jan 25, 2017 $33,700,000 Cpi Ma Coronado Owner LLC Us Reif Breakpointe California LLC Grant Deed $18.9M · Jpmorgan Chase Bank NA
    May 18, 2010 $27,504,500 U S Reif Breakpointe California LLC Yellow Submarine LLC Other $14.2M · Cbre Multifamily Capital INC
    Aug 1, 2005 — 6690 Abrego Road INC All You Need Is Love LLC Grant Deed —
    Mar 17, 2004 — Bushnell,tr Bushnell,david D Quit Claim Deed · related —
    Feb 10, 2004 — All You Need Is Love LLC Bushnell,tr Grant Deed $15k · Hawthorne Savings Bank Fsb
    Oct 20, 2000 — Bushnell Trust Bushnell,kathy Quit Claim Deed · related —
    Apr 4, 2000 — Kathy Bushnell Bushnell,david Quit Claim Deed · related $4M · Washington Mutual Fsb
    Dec 22, 1999 — Kathy Bushnell Steiger Trust Quit Claim Deed · related —
    Jan 31, 1994 — Steiger Trust Steiger Trust Quit Claim Deed · related —
    — — Gep X Isla Vista LLC — Deed Of Trust · related $42.8M · Walker & Dunlop

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Goleta
    County
    Santa Barbara
    State
    California
    Longitude
    -119.862
    Latitude
    34.4146
    CBSA code
    42200
    CBSA name
    SANTA MARIA-SANTA BARBARA, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $583,638
    $7,939,654
    $41,475,885
    $49,415,539
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $530,000
      0.84 Acres

      6661 Berkshire Ter

      APARTMENT HOUSE (5+ UNITS)
      6661 Berkshire Ter, Goleta, CA 93117-7511
      View Details
    • Value Estimation by Request
      0.65 Acres

      7680 Cathedral Oaks Rd

      APARTMENT HOUSE (5+ UNITS)
      7680 Cathedral Oaks Rd, Goleta, CA 93117-1052
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    • Value Estimation by Request
      0.61 Acres

      7660 Cathedral Oaks Rd

      APARTMENT HOUSE (5+ UNITS)
      7660 Cathedral Oaks Rd, Goleta, CA 93117-1051
      View Details
    • Value Estimation by Request
      0.27 Acres

      360 Ellwood Bch Dr, Unit 1

      APARTMENT HOUSE (5+ UNITS)
      360 Ellwood Bch Dr, Goleta, CA 93117-5703
      View Details
    • Value Estimation
      $710,000
      1.00 Acre

      6639 Abrego Rd, Unit 101

      APARTMENT HOUSE (5+ UNITS)
      6639 Abrego Rd, Goleta, CA 93117-4690
      View Details
    • Value Estimation
      $765,000
      1.97 Acres

      870 Camino Del Sur, Unit 101

      APARTMENT HOUSE (5+ UNITS)
      870 Camino Del Sur, Goleta, CA 93117-7527
      View Details

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      Goleta Commercial Space: Prime Location

      High-identity industrial/R&D space near UCSB.
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      Retail Space in Fairview Center

      Retail space in a busy shopping center with anchor tenants.
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    Similar Nearby for Lease

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      18,000 SF

      Goleta Retail Space Available

      End cap retail space available for rent in Goleta.
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      Retail Property in Goleta

      Fully leased retail property in a prime Goleta location.
      7127 Hollister Ave, Goleta, CA 93117
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      Goleta Tech Park Office Space

      Office, R&D, or lab space in Goleta's tech corridor.
      175 Cremona Dr, Goleta, CA 93117
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    • Contact for pricing

      Goleta Flex Space Available

      Office, lab, and warehouse space in Goleta's tech corridor.
      6500 Hollister Ave, Goleta, CA 93117
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    • Contact for pricing
      2,250 SF

      Goleta Retail/Restaurant Space Available

      Retail or restaurant space available for lease in Goleta.
      928-938 Embarcadero Del Norte, Goleta, CA 93117
      View Details
    • Contact for pricing
      2,664 SF

      Restaurant Space with Apartment

      Restaurant space with a one-bedroom apartment for rent.
      5723 Hollister Ave, Goleta, CA 93117
      View Details
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    Goleta, CA 93117-7507
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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