6880 Pasado Road

Isla Vista CA 93117

2275 sq. ft.

Single-Family

Currently for sale - view listing

Overview

This student housing investment property features a 4-bedroom, 2-bathroom home and a brand-new detached 3-bedroom, 3-bathroom ADU, offering an attractive unit mix and strong rental performance. The property is fully leased through 2027 and projects a 6.24 cap rate for the 2026-2027 school year. The main residence features wood floors and pitched ceilings, while palm tree-filled yards create a relaxed coastal setting for tenants. Located on the outskirts of Isla Vista, the property offers added privacy while remaining just minutes from UC Santa Barbara, shops, and local beaches.