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6565 Sabado Tarde Road, Isla Vista, CA 93117

Isla Vista
Local realty services provided by:CENTURY 21 Masters
6565 Sabado Tarde Road,Isla Vista, CA 93117
$11,300,000
  • 6 Beds
  • 3 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: steven golis
Office: radius group commercial re
MLS#:V1-36880
Source:San Diego MLS via CRMLS

Price summary

  • Price:$11,300,000

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

  • Listing ID #:V1-36880
  • Added:7 day(s) ago
  • Updated:June 16, 2026 at 02:34 PM

Rooms and interior

  • Bedrooms:6
  • Total bathrooms:3

Finances and disclosures

  • Price:$11,300,000
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