6789 Sabado Tarde Rd, Goleta, CA 93117

Nov 14

Written By Jake Glaser

UCSB Student Housing Duplex | Non Contingent Day 1, $50K Above Asking

Sold: $1,850,000

$925,000/Unit

$840.91/SF

3.88% Cap Rate

16.06 GRM

Property Highlights

Coastal duplex located in Isla Vista built in 1968
Sold $50,000 over asking with multiple offers generated within the first 10 days on market
Fully non-contingent offer secured from investor seeking entry into the Isla Vista student housing market
Perfect rental for UC Santa Barbara students
Mix of two large 3-bed / 2-bath apartments with sizable front yard and large upstairs balcony
Large units average 1,100 square feet each (per City)
Property has (2) tandem parking spaces to fit 4 cars
Units include forced air heating
Laundry room on-site with one set of washer/dryer
Full renovations in 2014 included new roof, new gutters, full interior renovations & exterior paint
1 block from Camino Del Sur Beach and south of Pasado Road
Incredible rare opportunity for investors to own a high demand student rental at a top university

The Deal Story

The Glaser Group is proud to announce the successful closing of 6789 Sabado Tarde Road, Goleta, CA, a coastal UCSB student housing duplex located in the highly sought-after Isla Vista submarket.

Within the first 10 days on the market, our team generated three strong offers, ultimately securing a fully non-contingent offer $50,000 over the asking price from an investor who had long sought entry into the Isla Vista student housing market. The property sold at an impressive 3.88% going-in cap rate and 16 GRM, underscoring the strong demand for well-located coastal student housing assets.

The Seller, a repeat Los Angeles-based client, partnered with our team once again as part of their broader strategy to exchange management-intensive Southern California multifamily assets into out-of-state triple-net retail investments. This transaction marks our fifth successful closing with this client, representing over $22,500,000 in total deal volume together since 2023, a testament to the trust and long-term relationship we’ve built.

The Buyer, a motivated investor, recognized the rarity and long-term value of acquiring property in the tightly held Isla Vista market and acted decisively to secure the asset with clean, non-contingent terms, ensuring a smooth and certain closing.

If you’re considering a sale or acquisition, contact The Glaser Group at (310) 230-5157.