Home | Santa Barbara County | Isla Vista | 93117 | 6565 Sabado Tarde Rd
MLS: CRV1-36880 | Status: | Price: $11,300,000
Beds/Baths: – / –
Property Type: Residential Income
| Beds | Baths | Sq Ft | Sq Ft Lot | Yr Built |
|---|---|---|---|---|
| – | – | – | 13,068 | 1967 |
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.
| Field | Value |
|---|---|
| MLS # | CRV1-36880 |
| MLS Source | California Regional MLS |
| Days on Site | 0 |
| Feature | Details |
|---|---|
| Appliances | Oven - Gas |
| Cooling | None |
| Heating | Wall Furnace |
| Feature | Details |
|---|---|
| Garage/Parking | Garage: 0 Car(s) |
| HOA Fee | $0 |
Steven Golis
Radius Group Commercial RE
License #: 00772218
Phone: (805) 965-5500
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 2 | – | – |
School data provided by GreatSchools.org
| School | Type | Grades | Distance | Rating |
|---|---|---|---|---|
| Isla Vista Elementary School | public | K-6 | 0.81 mi | 8 |
| Dos Pueblos Senior High School | public | 9-12 | 2.26 mi | 9 |
| La Patera Elementary School | public | K-6 | 2.61 mi | 6 |
| Ellwood Elementary School | public | K-6 | 2.63 mi | 8 |
| Brandon Elementary School | public | K-6 | 2.86 mi | 8 |
| Learning Tree Preschool | public | UG | 2.94 mi | N/A |
| Goleta Valley Junior High School | public | 7-8 | 3.06 mi | 6 |
| Kellogg Elementary School | public | K-6 | 3.25 mi | 8 |
| Mountain View Elementary School | public | K-6 | 3.88 mi | 10 |
| Hollister Elementary School | public | K-6 | 3.89 mi | 8 |
| El Camino Elementary School | public | K-6 | 4.02 mi | 5 |
| Foothill Elementary School | public | K-6 | 4.26 mi | 8 |
| San Marcos Senior High School | public | 9-12 | 4.46 mi | 8 |
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This listing information is up-to-date as of June 09, 2026. For the most current information, please contact Steven Golis, (805) 965-5500.