
Goleta, CA 93117
Analysis of 6615 Sabado Tarde Road, Goleta, CA 93117 is currently available with a list price of $1,750,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Goleta Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is move-in ready.
The property underwent comprehensive renovations in 2014 (10 years ago), including a new roof, gutters, and full interior updates. It is move-in ready with durable finishes designed for student housing, fitting the criteria for a property renovated within the 5 to 15-year range.
Situated just steps from the coastline and adjacent to UC Santa Barbara, this property occupies a premier position in a high-demand rental market with a consistent student tenant base.
With current rents approximately 25% below market value, there is a clear opportunity for investors to increase income and stabilize the asset at a 5.7% CAP rate in the next leasing cycle.
The inclusion of parking for five vehicles and a large rooftop deck provides a significant competitive advantage in the dense Isla Vista submarket, where such features are highly coveted.
The functional footprint relies on converted garage space and bonus rooms rather than fully legal square footage, which may complicate financing or future appraisal valuations.
As a dedicated student rental originally built in 1960, the property is subject to the heavy wear and tear associated with high-density turnover, requiring diligent maintenance and capital reserves.
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.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 0.0 | 88% |
| Baths | 2.0 | 0.0 | 88% |
| Square foot | 1,800 | 1,257.5 | 63% |
| Lot Size | 4,792 | 5,445 | 50% |
| Price | $1.75M | $2.38M | 25% |
| Price per sq ft | $972 | $698 | 50% |
| Built year | 1960 | 1960 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 61 | 194 | 13% |
Feb 20, 2026
$1,750,000
Initial Listing
Feb 26, 2014
$1,035,000
Public Record
Mar 28, 2003
$730,000
Public Record
Jan 23, 2002
$485,000
Public Record