
Goleta, CA 93117
This Prime Investment Opportunity is a 5-bedroom residential income asset listed at $2,398,000, positioned slightly above the $2,341,062 Fair Market Value. Featuring a Mint Condition Rating due to comprehensive recent renovations—including a new roof, windows, and electrical panel—the property offers a turnkey infrastructure that minimizes deferred maintenance. Located in a high-demand student housing market near UCSB, this asset ensures strong rental upside and stability. It is an ideal acquisition for Buy-and-Hold Investors or Portfolio Managers seeking a high-performing, low-maintenance rental property.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 6839 Sabado Tarde Road Subject | $2,398,000* List Price | 5 | 4 | 2,499 | $937 | - |
A 6789 Sabado Tarde Road Pending | $1,800,000 List Price | 6 | 3 | 2,200 | $818 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While built in 1992, the property has undergone a comprehensive recent renovation including a new roof, windows, electrical panel, and tankless water heater. With all-new stucco, siding, and decks, the home is in mint condition with no deferred maintenance.
The property has undergone significant recent upgrades including a new roof, windows, stucco, siding, and a new electrical panel, significantly reducing near-term maintenance costs for an investor.
Located on Sabado Tarde Road in Goleta, this property sits in a high-demand student housing market near UCSB, ensuring historically low vacancy rates and strong rental upside.
With a new tankless water heater, new decks, and updated fencing, the property offers modern efficiency and enhanced outdoor living spaces that appeal to high-quality tenants.
At a list price of $2,398,000, the high cost per square foot may result in tighter initial cap rates, requiring a sophisticated management strategy to maximize return on investment.
As a 5-bedroom residential income property in a high-density area, it likely requires more intensive property management and experiences higher wear and tear compared to standard single-family homes.
* New roof * New decks* All new windows* All new stucco, siding, and paint* New rear patio and exterior fencing* New tankless water heater* New main electrical panel
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 0.0 |
| Baths | 4.0 | 0.0 |
| Square foot | 2,499 | - |
| Lot Size | 6,970 | - |
| Price | $2.40M | $5.40M |
| Price per sq ft | $960 | $423 |
| Built year | 1992 | 0 |
| HOA | $0 | $0 |
| Days on market | 32 | 116 |
Jun 20, 2026
$2,398,000
Initial Listing
Apr 30, 2021
$1,300,000
Public Record