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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 Townhouses-style; (5) 3BD/1.5BA Townhouse-style
- Parking: 19 Spaces (9 Carport/10 Uncovered)
- NOI: $622,060
- 55 Beds/30 Bedrooms
- '26/'27 Cap Rate: 5.50%
Executive Summary
6565 Sabado Tarde is a two-building, 19-unit student housing asset located just over a block from UC Santa Barbara and one block from the beach — an irreplaceable location that drives strong leasing demand and premium rents.
The property offers 55 beds across 30 bedrooms in a mix of (13) 1BD/1BA apartments and six townhomes — (1) 2BD and (5) 3BD — all leased by the unit, allowing for annual rent growth through turnover.
The units are presented in turn-key condition with updated interiors, including vinyl plank flooring, refreshed kitchens, and quality appliances. Situated in the heart of Isla Vista, residents enjoy walkable access to campus, beaches, dining, and shopping, while benefiting from the strong demand generated by UCSB’s 26,000-student enrollment.
The property offers 55 beds across 30 bedrooms in a mix of (13) 1BD/1BA apartments and six townhomes — (1) 2BD and (5) 3BD — all leased by the unit, allowing for annual rent growth through turnover.
The units are presented in turn-key condition with updated interiors, including vinyl plank flooring, refreshed kitchens, and quality appliances. Situated in the heart of Isla Vista, residents enjoy walkable access to campus, beaches, dining, and shopping, while benefiting from the strong demand generated by UCSB’s 26,000-student enrollment.
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
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Controlled Access
- Online Services
- Walk-Up
- Smoke Detector
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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