6565 Sabado Tarde Road, Isla Vista, CA — listing photo 1
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FOR SALENew Listing

6565 Sabado Tarde Road

Isla Vista, CA 93117
13,068 Lot Sq Ft
Built 1967
$11,300,000

Property Overview

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.

Home Details

Property type
Residential Income
Year built
1967
Lot size
13,068 sq ft
Parking
19 spaces
Carport
9 spaces
Stories
3
Days on market
0
MLS status
Active
Zoning
SR-M-18

Features & Amenities

Appliances

  • Gas Oven
  • Refrigerator
  • Water Heater

Pool

  • None

Community, Schools & Utilities

Community

Subdivision
Not Applicable
View
Mountains

Utilities

Heating
WallFurnace
Cooling
None

Location & Neighborhood

6565 Sabado Tarde Road

Isla Vista, CA 93117

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Frequently Asked Questions About 6565 Sabado Tarde Road

Property type: Residential Income

The current asking price is $11,300,000. Pricing is subject to change and may vary based on market conditions, negotiations, and property updates. Contact our team to verify current pricing.
Yes. Use the Book Visit action or contact form to request an in-person or virtual tour of 6565 Sabado Tarde Road. Our team will confirm availability and timing.
This property offers the living space reported in the listing. It was built in 1967. Review the listing details and disclosures, then independently verify material features before making a decision.
The property is in Isla Vista, California. Review the map, visit at relevant times of day, and verify schools, commute routes, services, noise, hazards, and local rules for the exact address.
Financing depends on the buyer, lender, property type, condition, appraisal, insurance, and association documents. A qualified lender can confirm available programs and costs for this Isla Vista property.
The MLS currently reports the property as Active. It has been listed for 0 days. Status can change, so verify availability before relying on it.

What clients say

“Reza was the best agent we have ever worked with.”Russell & Susan McQueen

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Crown Coastal Support Team

Direct support from our real estate team

No obligation. Your inquiry goes directly to the Crown Coastal team.

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Reza Barghlameno

eXp of California

Call: +1 (858) 305-4362
Email: contact@crowncoastalhomes.com

Listing Agent

Name: Steven Golis
MLS ID: VC199501844

Available property

$11,300,000

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Data provided by California Regional Multiple Listing Service, Inc. ("CRMLS"). Information is for viewer's personal, non-commercial use. All data should be independently verified for accuracy.