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Sea View Apartments 6565 Sabado Tarde 19 Unit Apartment Building $11,300,000 ($594,737/Unit) Goleta, CA 93117
Investment Highlights
- 19 Total Units | Unix Mix: (13) 1BD/1BA; (1) 2BD/1.5BA TH; (5) 3BD/1.5BA
- Parking: 19 Spaces (9 Covered/10 Uncovered)
- NOI: $622,060
- 55 Beds/30 Bedrooms
- '26/'27 Cap Rate: 5.50%
Executive Summary
19-unit student housing asset in Isla Vista, less than 0.5 miles from UC Santa Barbara and the beach. 55 beds across 30 bedrooms. Rented by the unit with a 5.50% cap rate on the ‘26/’27 AY. Strong submarket with less than 2% vacancy and approximately 39,000 combined UCSB/SBCC student population driving consistent demand. Contact Listing Agents for details.
Property Facts
| Price | $11,300,000 | Building Class | B |
| Price Per Unit | $594,737 | Lot Size | 0.29 AC |
| Sale Type | Investment | Building Size | 21,000 SF |
| No. Units | 19 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1967 |
| Property Subtype | Apartment | Parking Ratio | 1.12/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | SR-M-18 | ||
| Price | $11,300,000 |
| Price Per Unit | $594,737 |
| Sale Type | Investment |
| No. Units | 19 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.29 AC |
| Building Size | 21,000 SF |
| No. Stories | 3 |
| Year Built | 1967 |
| Parking Ratio | 1.12/1,000 SF |
| Zoning | SR-M-18 |
Amenities
Unit Amenities
- Cable Ready
- Heating
- Kitchen
- High Speed Internet Access
- Range
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 13 | - | 536 |
| 2+1.5 | 6 | - | 915 |
Fairly walkable
40/100
Very drivable
80/100
Some public transit
40/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 075-212-009 | Improvements Assessment | $5,327,086 |
| Land Assessment | $1,533,015 | Total Assessment | $6,860,101 |
Property Taxes
Parcel Number
075-212-009
Land Assessment
$1,533,015
Improvements Assessment
$5,327,086
Total Assessment
$6,860,101
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Sea View Apartments | 6565 Sabado Tarde
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