John E Burge

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6565 Sabado Tarde RoadIsla Vista, CA 93117

Multi-Family · 14,188 Sq. ft. | 0.30 Acres
$11,300,000 Active

6565 Sabado Tarde Road Overview

Time on Site:
21 days
Visits:
0

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.

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6565 Sabado Tarde Road Facts & Features

  • Type Multi-Family
  • Sq. ft. 14,188
  • Price/Sq.ft. $796
  • Lot 0.30 Acres

Details

General

Income/Expenses

  • Electric Expense: 3413.0
  • Fuel Expense: 3675.0
  • Gross Income: 857952.0
  • Gross Scheduled Income: 912823.0
  • Insurance Expense: 14250.0
  • Net Operating Income: 622060.0
  • Operating Expense: 269313.0
  • Trash Expense: 10325.0
  • Water Sewer Expense: 13378.0

Building Information

  • Year Built: 1967

Location/Region

  • Country: US
  • County Or Parish: Santa Barbara
  • MLS Area Major: VC81 - Santa Barbara
  • Postal City: GOLETA
  • Subdivision Name: Not Applicable

Community/Development

  • Community Features: Biking,Curbs,Park,Sidewalks

Rent/Lease Information

  • Land Lease: No

General Information

  • Listing Terms: Cash,Conventional,1031 Exchange
  • Parcel Number: 075212009
  • Property Type: Residential Income
  • Rent Control: Yes
  • Senior Community: No
  • Special Listing Conditions: Standard
  • Zoning: SR-M-18

Interior

Parking Information

  • Garage: No

Beds/Baths

  • Bathrooms Total: 0

Building Interior

  • Building Area Total: 14188.0

General Information

  • Appliances: Gas Oven,Refrigerator,Water Heater
  • Common Walls: No Common Walls
  • Fireplace Features: None
  • Fireplace: No
  • Spa Features: None
  • Spa: No
  • Stories Total: 3

Exterior

Parking Information

  • Open Parking Spaces: 10.0
  • Parking Total: 19.0

Lot Information

  • Lot Size Acres: 0.3
  • Lot Size Area: 13068.0
  • Lot Size Source: Public Records
  • Lot Size Square Feet: 13068.0
  • Lot Size Units: Square Feet
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 19
  • Number Of Separate Gas Meters: 19
  • Number Of Separate Water Meters: 19

Waterfront/View

    Building Exterior/Construction

    • Property Attached: No

    General Information

    • Carport Spaces: 9.0
    • Carport: Yes
    • Fencing: None
    • Number Of Units Total: 19
    • Pool Features: None
    • Pool Private: No

    6565 Sabado Tarde Road Neighborhood

    Community

    93117 (GOLETA) Demographics

    22
    Median Age
    345
    Population Density (per sq. mile)
    59%
    College Educated
    $70,878
    Estimated Median Income
    6,294
    Estimated Total Home Owners
    10,274
    Estimated Total Renters
    38% / 62%
    Estimated Owner / Renter Divide
    3
    Estimated Average Household Size
    Community data courtesy of LiveBy, Inc.

    Schools

    School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

    6565 Sabado Tarde Road Monthly Cost

    $
    $ %
    %
    $
    $
    * All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

    6565 Sabado Tarde Road Market Data

    Based on the last 30 days in this zip code

    $1,705,546
    Average List Price
    $1,001
    Average Price per Square Foot
    4
    Properties Sold
    69
    Average Days on Market
    83
    Properties for Sale
    Calculations provided by Reliance Network

    6565 Sabado Tarde Road History

    Date Event Value Agent
    6/8/2026Source: CRMLS Added to Database
    June 08, 2026
    Listing provided courtesy of Radius Group Commercial RESteven Golis- MLS# V1-36880MLS ProviderContact Information: [email protected] - (805) 455-6891
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