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6565 Sabado Tarde Road, Isla Vista, CA 93117

$11,300,000 Approx. USD 0 beds, 0 baths

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Photo of Dennis Kamrany

Marketed By Dennis Kamrany REALTOR® - Sales Associate 310-699-7010 m
Lic#: 01933492
NRDS ID: 175525183
denniskamrany@gmail.com Santa Monica Office
3130 Wilshire Blvd, Suite 100
Santa Monica, CA 90403
Phone: 310-829-0629
Fax: 310-829-7541

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Listing Agent

Steven Golis | sgolis@radiusgroup.com
Lic#: 00772218
Broker: Courtesy of Radius Group Commercial RE
Phone: (805) 965-5500

Agent Remarks

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.

Listing Details

Property type: (Multi-Family)

Status: Active

MLS# V1-36880

Price: $11,300,000

HOA Fee is $0.00

Beds: 0

Baths: 0

None fireplaces

Built in 1967

0.30 acres

Lot size: 0.3000

Subdivision: Not Applicable

County: Santa Barbara

Zoning: SR-M-18

Appliances: Gas Oven,Refrigerator,Water Heater

Heating/cooling: None

Heating description: Wall Furnace

MLS area: VC81 - Santa Barbara

Last Updated: 6/9/2026

Days On Market (DOM): 9

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This listing belongs to the VC81 - Santa Barbara MLS area

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Lat/Long: 34.410204, -119.857120.
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Source: CRM. Also Available in 26-1902, 26001114,

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Previous Listing

Photo of Dennis Kamrany

Dennis Kamrany REALTOR® - Sales Associate 310-699-7010 m
Lic#: 01933492
NRDS ID: 175525183
denniskamrany@gmail.com
Santa Monica Office
3130 Wilshire Blvd, Suite 100
Santa Monica, CA 90403