6730 Sabado Tarde Road, ISLA VISTA, CA 93117, ISLA VISTA, 93117 - 0 bed, 0 bath
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ISLA VISTA, CA 93117
This High-Yield Student Housing Asset presents a High-Potential Investment Opportunity at a List Price of $1,975,000, which aligns with its $1,975,000 Fair Market Value. While the property holds a Condition Score of 4 due to high-density usage, it offers exceptional stability with a secured $13,000 monthly rent and a 4.59% CAP rate for the 2026-2027 term. Featuring Ocean and Channel Island views and a strategic location near UCSB, the garage conversion potential provides a clear path for forced appreciation. This is a premier acquisition for Buy-and-Hold Investors or Portfolio Managers.
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 | 0 | 0 | 2,173 | $909 | - |
A 6553 Del Playa Drive Active | $1,600,000 List Price | 0 | 0 | 1,626 | $984 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1989, the property is aged and shows significant wear and tear consistent with its use as high-density student housing. The flooring throughout the main living areas is heavily stained and worn, requiring replacement. While the kitchen features some updated stainless steel appliances, the cabinetry, laminate countertops, and fluorescent lighting are dated. Bathrooms also reflect original builder-grade finishes from the late 80s. The property is functional but requires cosmetic updates and minor repairs to meet modern standards.
Situated on Sabado Tarde just one block from the ocean and minutes from UCSB, this property occupies one of the most high-demand rental corridors in Isla Vista, ensuring historically low vacancy rates.
With a 4.59% CAP rate and a secured rent of $13,000 per month for the 2026-2027 academic year, the property offers immediate, predictable, and robust investment returns.
The existing garage provides a significant opportunity for conversion into an additional bedroom or efficiency unit, allowing for increased density and further rental upside.
The nature of high-density student housing in Isla Vista typically involves significant wear and tear and requires intensive property management to handle frequent turnover and maintenance.
The property's value and income are heavily dependent on University of California, Santa Barbara enrollment and housing policies, creating a lack of tenant diversification.
4.59% 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. Rent is $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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 2,173 | 1,257.5 | 75% |
| Lot Size | 4,792 | 5,445 | 50% |
| Price | $1.98M | $2.38M | 25% |
| Price per sq ft | $909 | $666 | 50% |
| Built year | 1989 | 1960 | 88% |
| HOA | $0 | $0 | 50% |
| Days on market | 92 | 194 | 13% |
Jan 20, 2026
$1,975,000
Initial Listing
Sep 30, 2011
$820,000
Public Record