6565 Sabado Tarde Road, Isla Vista, CA 93117

Isla Vista
Local realty services provided by:ERA Carlile Realty Group
6565 Sabado Tarde Road,Isla Vista, CA 93117
$11,300,000
  • - Beds
  • - Baths
  • 14,188 sq. ft.
  • Multi-family
  • Active
Listed by: steven golis
Office: radius group commercial re805-455-6891
MLS#:V1-36880
Source:CRMLS

Price summary

  • Price:$11,300,000
  • Price per sq. ft.:$796.45

About this home

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...

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Home facts

  • Year built:1967
  • Subdivision & Development:Not Applicable
  • Listing ID #:V1-36880
  • Added:53 day(s) ago
  • Updated:August 01, 2026 at 11:04 AM

Rooms and interior

  • Kitchen Description:Gas Oven, Refrigerator
  • Living area:14,188 sq. ft.

Heating and cooling

  • Heating:Wall Furnance

Structure and exterior

  • Year built:1967
  • Building area:14,188 sq. ft.
  • Lot area:0.3 Acres

Finances and disclosures

  • Price:$11,300,000
  • Price per sq. ft.:$796.45

Features and amenities

  • Amenities:Water Heater

Parking

  • Total parking spaces:19
  • Parking description:9 Carport Space(s)
  • Carport spaces:9
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