805-677-7300

6565 Sabado Tarde Road, Isla Vista, CA 93117

$11,300,000 Approx. USD 0 beds, 0 baths

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Marketed By Goossen / Neale Associates

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Marketed By Julia Goossen REALTOR® - Sales Associate 818-730-6879 m
805-677-7300 o
Lic#: 02074790
NRDS ID: 211512971
juliagoossen@bhhscal.com Ventura Office
789 S. Victoria Ave., Suite 100
Ventura, CA 93003
Phone: 805-677-7300
Fax: 805-644-8278

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Listing Agent

Steven J Golis
Lic#: 00772218
Broker: Courtesy of Radius Group Commercial R.E.

Agent Remarks

6565 Sabado Tarde is a two-building, 19-unit student housing asset just over a block away from the UC Santa Barbara campus and one block from the beach, the two factors that drive leasing velocity and rent premiums in Isla Vista. The property offers 55 beds across 30 bedrooms in a mix of thirteen 1BD/1BA units and six townhomes (one 2BD and five 3BD), and is rented by the unit, giving a new owner clear levers on rent growth and turnover-driven repricing each academic year. The units present in turn-key condition, with updated interiors-vinyl plank flooring, refreshed kitchens, and solid appliances. Projected 2026/27 income of $857,952, plus $54,871 in other income from parking, RUBS, and laundry, supports an NOI of $622,060 and a 5.50% cap rate at the asking price. Isla Vista is the primary off-campus housing market for UCSB, whose enrollment sits at roughly 26,000 students. That scarcity has driven steady long-term rent growth: the submarket is roughly 99% renter-occupied with consistently low vacancy and now carries some of the highest median rents in the greater Santa Barbara area. High annual turnover lets owners reset rents to market each cycle, and units are routinely pre-leased well ahead of the academic year with minimal downtime.

Listing Details

Property type: (Multi-Family)

Status: Active

MLS# 26-1902

Price: $11,300,000

Beds: 0

Baths: 0

Built in 1967

3 stories

0.30 acres

Lot size: 0.3000

County: Santa Barbara

Zoning: Other

Lot description: Near Public Transit

MLS area: 35 - SB/GOL NORTH

Last Updated: 6/20/2026

Days On Market (DOM): 12

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This listing belongs to the 35 - SB/GOL NORTH MLS area

Lat/Long: 34.410204, -119.857120.
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Source: SBM. Also Available in 26001114, V1-36880,

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