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Duplex + Efficiency Unit + 2 Possible ADUs 6724 Pasado Rd 2 Unit Apartment Building $2,795,000 ($1,397,500/Unit) Goleta, CA 93117
Investment Highlights
- Efficiency unit not included in total unit count.
- Legal duplex, efficiency unit, plus plans in final stages of approval for two accessory dwelling units (ADUs).
- 11 parking spaces.
Executive Summary
Capital expenditures exceed $163,000 in 2026.
This student housing investment property features (2) 3-bedroom/2-bathroom units and (1) efficiency unit, with 2 additional units in the final stages of approval, offering a compelling value-add opportunity alongside strong in-place performance. The property is fully leased through 2027 and offers a 5.51% cap rate for the 2026–2027 school year.
The main residence benefits from significant capital improvements completed in 2026, and the property includes an oversized parking lot — a rare amenity for Isla Vista tenants. Centrally located in Isla Vista, the property sits just minutes from UC Santa Barbara, shops, and local beaches.
*Efficiency unit not included in total unit count.
This student housing investment property features (2) 3-bedroom/2-bathroom units and (1) efficiency unit, with 2 additional units in the final stages of approval, offering a compelling value-add opportunity alongside strong in-place performance. The property is fully leased through 2027 and offers a 5.51% cap rate for the 2026–2027 school year.
The main residence benefits from significant capital improvements completed in 2026, and the property includes an oversized parking lot — a rare amenity for Isla Vista tenants. Centrally located in Isla Vista, the property sits just minutes from UC Santa Barbara, shops, and local beaches.
*Efficiency unit not included in total unit count.
Property Facts In Escrow
| Price | $2,795,000 | Building Class | C |
| Price Per Unit | $1,397,500 | Lot Size | 0.20 AC |
| Sale Type | Investment | Building Size | 3,435 SF |
| No. Units | 2 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1966/2026 |
| Property Subtype | Apartment | Parking Ratio | 2.91/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R-3 - Residential | ||
| Price | $2,795,000 |
| Price Per Unit | $1,397,500 |
| Sale Type | Investment |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 3,435 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1966/2026 |
| Parking Ratio | 2.91/1,000 SF |
| Zoning | R-3 - Residential |
Somewhat walkable
30/100
Very drivable
80/100
Limited public transit
30/100
Exceptionally bikeable
90/100
Property Taxes
| Parcel Number | 075-092-035 | Improvements Assessment | $97,798 |
| Land Assessment | $25,711 | Total Assessment | $123,509 |
Property Taxes
Parcel Number
075-092-035
Land Assessment
$25,711
Improvements Assessment
$97,798
Total Assessment
$123,509
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Duplex + Efficiency Unit + 2 Possible ADUs | 6724 Pasado Rd
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