USACAGoleta6565 Sabado Tarde Road
Listing image | Image 1

6565 Sabado Tarde Road, Goleta, CA

House

For Sale

Listed price in listed location currency (USD).
$11,300,000

30250

MLS® 26001114

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size -
Garage 
Taxes 
Days Active 8
Lot Size 
Approx. Age 1967
MLS® Number 26001114

Property Address: 6565 Sabado Tarde Road, Goleta, CA, 93117

Average square foot calculated using Size range provided by listing agent.

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.
MLS® Number26001114
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1967
Basement
DrivewayPrivate, Covered, 11 - 25
Garage Spaces
HeatWall Furnace
A/CWall/Window Unit(s)

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Jun 9, 2026List Date
$11,300,000List Price
  • Commute

Commute

Starting Address
Destination Address
6565 Sabado Tarde Road, Goleta, CA

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