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6880 Pasado Rd 2 Unit Apartment Building $2,425,000 ($1,212,500/Unit) 6.24% Cap Rate Isla Vista, CA 93117
Investment Highlights
- Fully leased two-unit property generating $17,500 in monthly rental income.
- Main home includes four bedrooms and two bathrooms; ADU offers three bedrooms and three bathrooms.
- Positioned in a walkable community with access to retail, dining, and recreational amenities.
- Strong 6.24% cap rate with stabilized cash flow under current lease terms.
- Located in Isla Vista, a high-demand rental market near UCSB and local beaches.
Executive Summary
6880 Pasado Rd. is a fully-leased two-unit income property in Isla Vista delivering consistent, stabilized cash flow with a steady 6.24% cap rate through the 26/27 lease term.
Property Facts
| Price | $2,425,000 | Apartment Style | Low-Rise |
| Price Per Unit | $1,212,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 6.24% | Building Size | 2,275 SF |
| No. Units | 2 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 1960 |
| Zoning | SR-M-18 | ||
| Price | $2,425,000 |
| Price Per Unit | $1,212,500 |
| Sale Type | Investment |
| Cap Rate | 6.24% |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 2,275 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1960 |
| Zoning | SR-M-18 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+3 | 1 | $11,000 | 935 |
| 4+2 | 1 | $6,500 | 1,340 |
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Property Taxes
| Parcel Number | 075-102-055 | Improvements Assessment | $627,253 |
| Land Assessment | $975,732 | Total Assessment | $1,602,985 |
Property Taxes
Parcel Number
075-102-055
Land Assessment
$975,732
Improvements Assessment
$627,253
Total Assessment
$1,602,985
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6880 Pasado Rd
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