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Isla Vista Duplex w/ ADU Expansion Potential 6670 Sueno Rd 2 Unit Apartment Building $2,695,000 ($1,347,500/Unit) 5.45% Cap Rate Goleta, CA 93117
Investment Highlights
- Oversized lot offers excellent potential for future ADU expansion, creating additional value and income opportunities.
- Fully leased for the '26/'27 school year.
- Five (5) uncovered parking spaces.
- Buyer to verify development potential and complete their own due diligence.
- Cap rates: 5.45% (’26/’27) & 4.53% (’25/’26).
- Unit A (Front House) 3BD/2BA | Unit B (Back House) 4BD/4BA + 2 lofts. Maximum occupancy: 16
Executive Summary
Charming cottage-style duplex near UCSB campus offering strong ADU expansion potential Just moments from Estero Park, UCSB, and the area’s shops and restaurants, this property offers both convenience and character.
The front home (Unit A) features 3 bedrooms and 2 bathrooms, highlighted by original flooring and a brick fireplace that adds warmth and a cozy, cabin-like feel to the living spaces. A large kitchen with ample storage and spacious bedrooms complete the unit.
The rear unit (Unit B) offers an open-concept living space and kitchen, with two upstairs bedrooms, each featuring lofts for additional sleeping areas.
The property also includes an extra-large, fully fenced front yard, a double-wide driveway providing ample parking, and separate laundry areas for each unit—making this a well-designed and highly functional Isla Vista duplex.
Oversized lot offers excellent potential for future ADU expansion, creating additional value and income opportunities. Buyer to verify development potential and complete their own due diligence.
PURCHASE AS A 3-PROPERTY PORTFOLIO, INCLUDING:
6730 SABADO TARDE RD, ISLA VISTA
2,173 SF STUDENT HOUSING ASSET FEATURING 5 BEDROOMS
$1,975,000
6553 DEL PLAYA DR, ISLA VISTA
OCEANFRONT RESIDENTIAL INCOME PROPERTY W/ 4 BEDROOMS
$1,600,000
The front home (Unit A) features 3 bedrooms and 2 bathrooms, highlighted by original flooring and a brick fireplace that adds warmth and a cozy, cabin-like feel to the living spaces. A large kitchen with ample storage and spacious bedrooms complete the unit.
The rear unit (Unit B) offers an open-concept living space and kitchen, with two upstairs bedrooms, each featuring lofts for additional sleeping areas.
The property also includes an extra-large, fully fenced front yard, a double-wide driveway providing ample parking, and separate laundry areas for each unit—making this a well-designed and highly functional Isla Vista duplex.
Oversized lot offers excellent potential for future ADU expansion, creating additional value and income opportunities. Buyer to verify development potential and complete their own due diligence.
PURCHASE AS A 3-PROPERTY PORTFOLIO, INCLUDING:
6730 SABADO TARDE RD, ISLA VISTA
2,173 SF STUDENT HOUSING ASSET FEATURING 5 BEDROOMS
$1,975,000
6553 DEL PLAYA DR, ISLA VISTA
OCEANFRONT RESIDENTIAL INCOME PROPERTY W/ 4 BEDROOMS
$1,600,000
Property Facts In Escrow
| Price | $2,695,000 | Apartment Style | Low-Rise |
| Price Per Unit | $1,347,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.28 AC |
| Cap Rate | 5.45% | Building Size | 2,704 SF |
| Gross Rent Multiplier | 11.4 | Average Occupancy | 100% |
| No. Units | 2 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1935 |
| Property Subtype | Apartment | Parking Ratio | 1.85/1,000 SF |
| Zoning | SR-M-I8 - Multi-family Residential | ||
| Price | $2,695,000 |
| Price Per Unit | $1,347,500 |
| Sale Type | Investment |
| Cap Rate | 5.45% |
| Gross Rent Multiplier | 11.4 |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.28 AC |
| Building Size | 2,704 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1935 |
| Parking Ratio | 1.85/1,000 SF |
| Zoning | SR-M-I8 - Multi-family Residential |
Amenities
Unit Amenities
- Kitchen
- Refrigerator
- Range
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
1 1
Fairly walkable
40/100
Very drivable
80/100
Limited public transit
30/100
Exceptionally bikeable
90/100
Property Taxes
| Parcel Number | 075-101-005 | Improvements Assessment | $1,102,553 |
| Land Assessment | $1,276,642 | Total Assessment | $2,379,195 |
Property Taxes
Parcel Number
075-101-005
Land Assessment
$1,276,642
Improvements Assessment
$1,102,553
Total Assessment
$2,379,195
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Isla Vista Duplex w/ ADU Expansion Potential | 6670 Sueno Rd
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