For Sale
$5,000,000

6529 Sabado Tarde RdIsla Vista, CA 93117

Prime UCSB location, 11 units, high ROI.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional mixed-use investment opportunity encompasses two adjacent properties totaling 7,851 square feet on 9,582 square feet of land, situated less than a block from the University of California, Santa Barbara (UCSB) campus and adjacent to The Loop. The offering includes 6528 Sabado Tarde Road, a fourplex featuring four 2-bedroom, 2-bathroom units, each with a private patio and one assigned parking space. These units boast updated interiors, including tile floors, new or refurbished cabinets, and granite countertops. The second property, 6529 Trigo Road, is a mixed-use building with three ground-floor commercial studios and four second-floor residential studios. This building benefits from high visibility along a major pedestrian and bicycle route to the campus, providing excellent exposure to UCSB's 26,179 students. Each retail suite includes a private restroom and large street-facing windows. The combined properties offer a total of 11 units and 9 parking spaces. 6528 Sabado Tarde Road is zoned SR-H-20 and has an APN of 075-173-036, while 6529 Trigo Road is zoned C-2 and has an APN of 075-173-035. The asking price is $5,000,000, with projected cap rates of 5.22% (2024/2025) and 6.12% (2025/2026), and GRMs of 12.94 (2024/2025) and 11.48 (projected 2025/2026). This is a rare opportunity to acquire a well-maintained, high-performing investment property in a highly desirable location. The properties are being sold together.

Highlights

  • $5,000,000 asking price for the portfolio.
  • 5.22% cap rate (2024/2025), projected to increase to 6.12% (2025/2026).
  • 12.94 GRM (2024/2025), projected to be 11.48 (2025/2026).
  • 7,851 square foot total building size on a 9,582 square foot lot, encompassing 11 units and 9 parking spaces.
  • 6528 Sabado Tarde Rd: 3,420 square foot building on a 4,792 square foot lot (APN 075-173-036), featuring four 2-bedroom/2-bathroom units and four parking spaces; zoned SR-H-20.
  • 6529 Trigo Rd: 4,431 square foot building on a 4,792 square foot lot (APN 075-173-035), including four studio units, three commercial units, and five parking spaces; zoned C-2.

Property Details for 6529 Sabado Tarde Rd

Property type
Retail properties, Residential income properties
Square Feet
7,851 SF
Units
11

Location Insight

City
Isla Vista
County
Santa Barbara
State
California
Latitude
34.4109524
Longitude
-119.85505
6529 Sabado Tarde Rd, Isla Vista, California

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6529 Sabado Tarde Rd
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