6789 Sabado Tarde Rd - Multi-Family FOR SALE


Goleta, CA 93117- Isla Vista
$1,800,000 USD
310-494-6368
6789 Sabado Tarde Rd, Goleta, CA for Sale
$1,800,000 USD
Multi-Family - FOR SALE
1/10
null | 4.02% Cap Rate

6789 Sabado Tarde Rd
Goleta, CA 93117
Isla Vista


HIGHLIGHTS

  • Coastal duplex located in Isla Vista built in 1968. Perfect rental for UC Santa Barbara students.
  • Mix of two large 3-bed / 2-bath apartments with sizable front yard and large upstairs balcony. Units include forced air heating.
  • Large units average 1,100 square feet each (per City). Property has (2) tandem parking spaces to fit 4 cars.
  • Laundry room on-site with one set of washer/dryer. 1 block from Camino Del Sur Beach and south of Pasado Road.
  • Full renovations in 2014 included new roof, new gutters, full interior renovations & exterior paint.
  • Can easily stabilize to a 5.51% CAP RATE once re-rented to new students for the '26/'27 school year.

OVERVIEW

The Glaser Group is pleased to present 6789 Sabado Tarde Road is a coastal duplex ideally located in the heart of Isla Vista, just one block from Camino Del Sur Beach and south of Pasado Road. Built in 1968, this well-positioned property is currently rented to UC Santa Barbara students for the 2025/2026 school year, providing immediate income from one of the strongest student housing markets in California. The property consists of (2) spacious 3-bedroom, 2-bathroom units averaging approximately 1,100 square feet each (per City records). The large layouts are highly attractive to students seeking shared housing arrangements. The property also features a sizable front yard and a large upstairs balcony, offering valuable outdoor space that enhances tenant appeal in this beachside community. Parking includes two tandem stalls accommodating up to four vehicles.. Additional features include forced air heating in each unit and an on-site laundry room equipped with (1) washer and (1) dryer, providing added convenience for residents. In 2014, the property underwent comprehensive renovations, including a new roof, new gutters, full interior upgrades, and exterior paint. Improvements were thoughtfully designed with student housing in mind, incorporating durable, low-maintenance finishes suited for high-occupancy use and long-term performance. The current rents are approximately 25% below market, and the property can easily stabilize to a 5.51% CAP RATE once re-rented to new students for the '26/'27 school year. Opportunities to acquire a coastal duplex in Isla Vista are exceptionally limited. With its prime location adjacent to campus, strong pre-leasing history, large unit sizes, and durable renovations tailored to student accommodations, 6789 Sabado Tarde Road represents a rare opportunity to own a premier student rental property at one of California's top universities.

FOR SALE DETAILS

PRICE

$1,800,000 USD

PRICE/SF

$818 USD /SF

# OF UNITS

2

PRICE/UNIT

$900,000

CAP RATE

4.02%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

6789 Sabado Tarde Rd

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1968

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,792 SF

ZONING

SR-M-18

APN/PARCEL ID

075-191-052

ASK ABOUT THIS PROPERTY

Jake GlaserLyon Stahl Investment Real EstateMore Info
310-494-6368

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Jake GlaserLyon Stahl Investment Real EstateMore Info
310-494-6368

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.