6565 Sabado Tarde RD, Isla Vista, CA 93117
6565 Sabado Tarde RD, Isla Vista, CA 93117
6565 Sabado Tarde RD, Isla Vista, CA 93117
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$11,300,000
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0.3 Acres Lot
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6565 Sabado Tarde RD Isla Vista, CA 93117

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Herb Rim

Herb Rim

+1(818) 699-9179

UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

MLS Listing ID V1-36880

HOA Y/N No

Year Built 1967

Lot Size 0.300 Acres

Property Description

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.

Location

State CA

County Santa Barbara

Area Vc81 - Santa Barbara

Zoning SR-M-18

Interior

Heating Wall Furnace

Cooling None

Fireplaces Type None

Fireplace No

Appliance Gas Oven, Refrigerator, Water Heater

Exterior

Carport Spaces 9

Fence None

Pool None

Community Features Biking, Curbs, Park, Sidewalks

View Y/N Yes

View Mountain(s)

Total Parking Spaces 19

Private Pool No

Building

Story 3

Others

Senior Community No

Tax ID 075212009

Energy Description 3675.0

Acceptable Financing Cash, Conventional, 1031 Exchange

Listing Terms Cash, Conventional, 1031 Exchange

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Steven Golis Radius Group Commercial RE sgolis@radiusgroup.com, DRE #00772218

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6565 Sabado Tarde RD

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Herb Rim

Herb Rim

Realtor License ID: 01870707

+1(818) 699-9179

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