6565 Sabado Tarde Road, ISLA VISTA, CA 93117 (MLS# 26-1902)

6565 Sabado Tarde Road, ISLA VISTA, CA 93117

$11,300,000

Property Type: Res Inc Square Footage: 14,888 Lot Size (sq. ft.): 13,068 Status: Active

Current Price: $11,300,000 List Date: 6/09/2026 Last Modified: 6/09/2026

Overview

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.

Supplements: 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 let ... (Read more)

Listing Details MLS# 26-1902

Location Info

District: 35 - SB/GOL NORTH
Street #: 6565
Street Name: Sabado Tarde
Street Suffix: Road
State: CA
Country: US
Postal Code: 93117
County: Santa Barbara
Parcel Nbr: 075-212-009
Cross Street: Embarcadero Del Mar

Contract Info

Price: 11300000
Begin Date: 2026-06-08

Property Information

Number of Units: 19
Stories: 3
Year Built: 1967
Main House SqFt: 14888
Apx Lot Size FxD: 13068
Apx # Acres: 0.3
Recurring Fees: No

Remarks

Hot Sheet Comment: new

Owner Info

Deposit: 3

Unit 1

# Units: 13
# Bedrooms: Yes
# Baths: Yes
Rent: 2979
Monthly Total: 38721

More Information

Unit 2

# Units: Yes
# Bedrooms: 2
# Baths: Yes
# Half Baths: Yes
Rent: 4735
Monthly Total: 28040

Parking Info

Total # Carport Spaces: 9
Total # Unconvered Spaces: 10

Property Features

Condition: Excellent; Good Proximity: Near Bus; Near Ocean; Near Park(s); Near School(s); Near Tennis/Pickleball; Near UCSB Zoning: Other Terms: Cash; Conventional Listing Type: ER Pub Listing Details: Owner is Licensee

Documents

Floorplan 1BD ›

Floorplan 2BD (both floors) ›

Floorplan 3BD (1st floor) ›

Floorplan 3BD (2nd floor) ›

Listing Office: Radius Group Commercial R.E.

Last Updated: June - 09 - 2026

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