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6724 Pasado Road

Isla Vista CA 93117

3435 sq. ft.
8712 sq. ft.
Other
Currently for sale - view listing

Overview

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.

Features

3435 sq. ft. floor area
8712 sq. ft. lot size
Other

Property history for 6724 Pasado Road

2025
Sold
$2,100,000
14 May 2025 by Linda Del, of Monarch Realty

Happy sellers in Isla Vista

94%
94% of sellers in Isla Vista reported that their sale price either exceeded or met their price expectations.

Isla Vista stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 9 reviews in Isla Vista over the last 12 months.

Local market activity for other properties in Isla Vista

In the last 12 months, 30 other properties similar to 6724 Pasado Road, have been sold.

This represents a 13% increase in other properties sales when compared to the previous 12 months.

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(619) 566-0008
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