6615 Sabado Tarde Rd, Goleta, CA 93117

Feb 5

Written By Jake Glaser

Coastal Duplex in Isla Vista (Santa Barbara) | UCSB Student Housing Asset

Download Offering Memorandum

$1,750,000

$795.45/SF

2 Units

4.11% Cap Rate

15.85 GRM

Property Highlights

Coastal duplex located in Isla Vista built in 1960
Perfect rental for UC Santa Barbara students
Mix of (1) 2-bed / 1-bath and (1) 4-bed / 2-bath
4-bed / 2-bath unit consists of legal 2-bed / 1-bath plus (2) bonus bedrooms and (1) bonus bathroom
Legal SF of 1,800 SF, converted garage space adds additional livable SF totaling 2,200 SF
Parking can accommodate 5 vehicles
Huge rooftop deck for upstairs unit tenants
Full renovations in 2014 included new roof, new gutters, full interior renovations & exterior paint
1 block from Camino Del Sur Beach
Incredible rare opportunity for investors to own a high demand student rental at a top university

The Opportunity

The Glaser Group is pleased to present 6615 Sabado Tarde Road is a rare coastal duplex located in the heart of Isla Vista, just steps from the coastline and one block from Camino Del Sur Beach. Built in 1960, the property is currently fully leased to UC Santa Barbara students for the 2025/2026 school year, offering investors immediate income from a proven high-demand rental market.

The property consists of a desirable mix of (1) 2-bedroom, 1-bathroom unit and (1) 4-bedroom, 2-bathroom unit. The 4-bedroom layout includes a legal 2-bedroom, 1-bathroom configuration plus (2) additional bonus bedrooms and one bonus bathroom, maximizing rental income potential. The property features approximately 1,800 square feet of legal living space, with converted garage space expanding the functional footprint to roughly 2,200 square feet.

Parking can accommodate up to five vehicles, a significant amenity in the dense Isla Vista submarket. The upstairs unit also enjoys a large rooftop deck, providing valuable outdoor space highly sought after by student tenants. There is also a large, private backyard for tenant use.

The property underwent comprehensive renovations in 2014, including a new roof, new gutters, full interior renovations, and exterior paint. Improvements were thoughtfully designed with student housing in mind, incorporating durable, easily replaceable finishes and low-maintenance upgrades built to withstand high-occupancy turnover. The current rents are approximately 25% below market, and the property can easily stabilize to a 5.7% CAP RATE once re-rented to new students for the '26/'27 school year.

Opportunities to acquire a prime, coastal student rental in Isla Vista are exceptionally limited. With its premier location adjacent to UC Santa Barbara, strong pre-leasing history, flexible bedroom configuration, and durable renovations tailored to student accommodations, 6615 Sabado Tarde Road represents an extremely rare chance to own a high-demand rental property at one of California's top universities.