6528 Sabado Tarde Road, ISLA VISTA, CA 93117 (MLS# 24-3124)

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6528 Sabado Tarde Road, ISLA VISTA, CA 93117

$4,800,000

6529 Trigo & 6528 Sabado Tarde - Isla Vi

Property Type: Res Inc Square Footage: 7,851 Lot Size (sq. ft.): 9,582 Status: Closed

Current Price: $4,800,000 List Date: 9/18/2024 Last Modified: 12/18/2025

Overview

Description

Mixed-use property in the premium student housing market & college business district of Isla Vista. Located just off the ''Loop'', one block from UCSB's campus and just a few blocks away from the beach, this offering consists of two adjoining parcels that provide outstanding investment fundamentals & the very best of the coastal college lifestyle. 6528 Sabado Tarde is a fourplex (all 2 bed + 2 bath units). 6529 Trigo Road is a mixed-use property comprised of 7 units (4 residential studios & 3 ground floor commercial studios). All residential units are leased through the 24/25 school year with upside in obtaining market rents for the 25/26 school year. Additionally, 2 of the 3 commercial units are leased out at market rents.

Supplements: Zoning SR-H-20 6529 Trigo Rd Building Size 4,431SF Lot Size 4,792 SF APN 075-173-035 Units 4 studios & 3 commercial Parking 5 spaces Zoning C-2

Listing Details MLS# 24-3124

Location Info

District: 30 - SB/GOL SOUTH
Street #: 6528
Street Name: Sabado Tarde
Street Suffix: Road
State: CA
Country: US
Postal Code: 93117
Compass Map: Santa Barbara
Map Grid: F13
County: Santa Barbara
Parcel Number: 075-173-036
Cross Street: Embarcadero Del Nort
Walk Score: 77
Bike Score: 100

Contract Info

Price: 5000000
Begin Date: 2024-09-18

Status Information

Sold Date: 2024-12-19
Under Contract Date: 2024-11-20

Property Information

Number of Units: 8
Stories: 2
Main House SqFt: 7851
Apx Lot SqFt: 9582
Recurring Fees: No
Year Built: 0

Remarks

Hot Sheet Comment: new

Owner Info

Deposit: 150000

More Information

Miscellaneous

Parking Spaces: 9

Unit 1

# Units: 4
# Bedrooms: 2
# Baths: 2
Furnished: N
Rent: 3700
Monthly Total: 14800
# Half Baths: 0

Unit 2

# Units: 4
# Baths: Yes
Rent: 2079
Monthly Total: 8316
# Bedrooms: 0

Unit 3

# Units: 3
Monthly Total: 8832

Meters

Sep Meter Elec: Y
Sep Meter Gas: Yes

Neighborhood/Schools

Elementary School: Isla Vista
Junior High School: Gol Valley
High School: Dos Pueblos

Proximity

Near Bus: Yes
Near Hospital: Yes
Near Ocean: Yes
Near Park(s): Yes
Near School(s): Yes
Near Shopping: Yes

Laundry

Laundry Room: Yes

Income/Expenses

Total Monthly Income: 31947
Other Income: 3034
Annual Income: 386392
Gross Rent Multiplr: 12.94
Capitalization Rate: 5.22
Estimated: Yes
Total Annual Exp: 109826
NOI: 261111

Zoning

Other: Yes

Reports Available

Other: Yes

Terms

Cash: Yes

Listing Type

ER: Yes

Parking Info

Outside: Yes

Property Features

Parking Info: Outside Proximity: Near Bus; Near Hospital; Near Ocean; Near Park(s); Near School(s); Near Shopping Laundry: Laundry Room Zoning: Other Reports Available: Other Terms: Cash Listing Type: ER

Listing Office: Hayes Commercial Group

Last Updated: December - 18 - 2025

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