Pending

Listed by Steven Golis from Radius Group Commercial R.E.

Source: Santa Barbara Multiple Listing Service #26-1309

6724 Pasado Road, Isla Vista, CA, 93117

$2,795,000

3435 sq. ft.
8712 sq. ft.

Other

30+ days on the market

What's around 6724 Pasado Road

About this property

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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