6730 Sabado Tarde Road, GOLETA, CA 93117, GOLETA, 93117 - 5 bed, 3 bath
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GOLETA, CA 93117
This High-Yield Student Housing Asset is listed at $1,975,000, representing a strategic acquisition in the supply-constrained Isla Vista market. While priced above the $1,733,110 Fair Market Value, the property delivers a robust 4.53% CAP rate with a projected monthly income of $13,000 for the upcoming academic year. Featuring a Condition Rating of 4, the residence offers significant Value-Add Potential through a garage-to-bedroom conversion. Located just one block from the ocean and minutes from UCSB, this is a premier opportunity for Buy-and-Hold Investors and Portfolio Managers seeking consistent cash flow.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 6730 Sabado Tarde Road Subject | $1,975,000* List Price | 5 | 3 | 2,173 | $894 | - |
A 470 Orange Blossom Lane Active | $1,795,000 List Price | 3 | 2 | 2,068 | $868 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1989, this property falls within the 25-40 year age bracket and serves as a high-occupancy student rental. While the kitchen has been refreshed with stainless steel appliances and stone countertops, the cabinetry, basic tile flooring, and bathroom fixtures appear dated and consistent with the original construction era. The home is functional and well-maintained for its use case, but lacks the comprehensive recent renovations or modern aesthetic required for a higher rating.
Situated in the high-demand Isla Vista student housing market, the property is just minutes from UCSB and one block from the ocean, ensuring consistent occupancy and long-term desirability.
Boasting a projected monthly rent of $13,000 and a 4.53% CAP rate for the 2026-2027 academic year, this asset offers a robust and predictable income stream for investors.
The existing garage offers a significant upside opportunity for conversion into an additional bedroom or efficiency unit, allowing owners to increase density and maximize ROI.
As a high-occupancy student rental, the property is subject to accelerated wear and tear, likely requiring more frequent repairs and intensive management than a standard residential home.
The property's valuation is heavily tied to the university's enrollment and student housing trends, making it less attractive to traditional owner-occupant buyers and sensitive to local regulatory changes.
4.53 CAP (26/27 Sch. Yr.) Spacious 5-bedroom, 3-bathroom single-family residence located on Sabado Tarde in Isla Vista, just minutes from the University of California, Santa Barbara and one street from the ocean. The home features a large kitchen with updated appliances and a well-thought-out floor plan offering generously sized bedrooms throughout. A second-floor landing provides a versatile additional living or study space. Projected rent of approximately 13,000 per month for the 2026-2027 academic year. Additional highlights include laundry located in the garage, ample off-street parking, and an enclosed front yard. The garage offers potential for conversion into an additional bedroom or efficiency unit (buyer to verify), providing further upside.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 0.0 |
| Baths | 3.0 | 0.0 |
| Square foot | 2,173 | - |
| Lot Size | - | - |
| Price | $1.98M | $1.48M |
| Price per sq ft | $909 | $850 |
| Built year | 1989 | 0 |
| HOA | $0 | $0 |
| Days on market | 183 | 54 |
Jan 20, 2026
$1,975,000
Initial Listing
Sep 30, 2011
$820,000
Public Record