6724 Pasado Road, Goleta, CA 93117
- $2,670,000
- 3,435
- SqFt
- Sold Price
- $2,670,000
- List Price
- $2,795,000
- Status
- CLOSED
- MLS#
- 26-1309
- Closing Date
- Jul 07, 2026
- Living Area
- 3,435
- Lot Size
- 8,712
- Region
- SB/GOL SOUTH
- Year Built
- 1966
Property Description
Capital Expenditures Exceed $163,000 In 2026 + Approved Plans for (2) ADUs! This student housing investment property features (2) 3-bedroom/2-bathroom units and (1) efficiency unit, with approved plans for 2 additional units, 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.
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Additional Information
- Elementary School
- Isla Vista
- Middle School
- Gol Valley
- High School
- Dos Pueblos
- Acres
- 0.20
- Capitalization Rate
- 5.51
- Gross Rent Multiplier
- 12.52
- Laundry
- In Unit
- Living Area
- 3,435
- Lot Size
- 8,712
- Region
- SB/GOL SOUTH
- Terms
- Cash, Conventional
- Units
- 2
- Zoning
- R-3
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Listing courtesy of Radius Group Commercial R.E.. Selling Office: .