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  • 6565 Sabado Tarde Road

6565 Sabado Tarde Road, Goleta, CA 93117

$11,300,000 Approx. USD 30 beds, 25 baths
14,188 sqft

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Photo of Reyne Stapelmann

Reyne Stapelmann REALTOR® - Broker Associate 805-705-4353 m
805-879-8091 o
Lic#: 01347808
NRDS ID: 199502233
reyne@homesinsb.com Text Me
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Lic#: 01347808
NRDS ID: 199502233
reyne@homesinsb.com Santa Barbara Office
3868 State St
Santa Barbara, CA 93105
Phone: 805-687-2666
Fax: 805-563-0053
 Santa Barbara 3868 State St
Santa Barbara, CA 93105
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Listing Agent


Steve Golis | sgolis@radiusgroup.com
Lic#: 00772218
Broker: Courtesy of Radius Commercial RE

Agent Remarks

6565 Sabado Tarde is a two-building, 19-unit student housing asset just over a block away from the UC Santa Barbara campus and one block from the beach, the two factors that drive leasing velocity and rent premiums in Isla Vista. The property offers 55 beds across 30 bedrooms in a mix of thirteen 1BD/1BA units and six townhomes (one 2BD and five 3BD), and is rented by the unit, giving a new owner clear levers on rent growth and turnover-driven repricing each academic year. The units present in turn-key condition, with updated interiors--vinyl plank flooring, refreshed kitchens, and solid appliances. Projected 2026/27 income of $857,952, plus $54,871 in other income from parking, RUBS, and laundry, supports an NOI of $622,060 and a 5.50% cap rate at the asking price. Isla Vista is the primary off-campus housing market for UCSB, whose enrollment sits at roughly 26,000 students. That scarcity has driven steady long-term rent growth: the submarket is roughly 99% renter-occupied with consistently low vacancy and now carries some of the highest median rents in the greater Santa Barbara area. High annual turnover lets owners reset rents to market each cycle, and units are routinely pre-leased well ahead of the academic year with minimal downtime.

Listing Details

55+ Community
Property type: Multi Family (Multi-Family)
Status: Active
MLS# 26001114
Price: $11,300,000
Beds: 30
Baths: 25 (19 full) (6 half)
Built in 1967
14,188 sqft
3 stories
Lot size: 0.3000
County: Santa Barbara
Parking description: 11 - 25,Covered,Private Lot
Heating/cooling: Wall Furnace
Heating description: Wall Furnace
MLS area: 99 - Out of Area
Pets Allowed: 1

Last Updated: 6/9/2026

 Days On Market (DOM): 10

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This listing belongs to the 99 - Out of Area MLS area

Lat/Long: 34.410204, -119.857120.
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Source: NSB. Also Available in 26-1902, V1-36880,

DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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Photo of Reyne Stapelmann

Reyne Stapelmann REALTOR® - Broker Associate 805-705-4353 m
805-879-8091 o
Lic#: 01347808
NRDS ID: 199502233
reyne@homesinsb.com Text Me
Call My Cell
Call My Office
Lic#: 01347808
NRDS ID: 199502233
reyne@homesinsb.com
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3868 State St
Santa Barbara, CA 93105
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