6724 Pasado Rd Goleta, CA 93117
Estimated payment $15,349/month
Highlights
- Property is in excellent condition
- Isla Vista Elementary School Rated A
- 4-minute walk to Trigo-Pasado Park
About This Home
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.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1966
Lot Details
- 8,712 Sq Ft Lot
- Property is in excellent condition
Interior Spaces
- 3,435 Sq Ft Home
- 2-Story Property
- Laundry in unit
Schools
- Isla Vista Elementary School
- Gol Valley Middle School
- Dos Pueblos High School
Listing and Financial Details
- Assessor Parcel Number 075-092-035
- Seller Considering Concessions
Community Details
Overview
- 2 Units
Building Details
- Gross Income $223,200
- Net Operating Income $154,123
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $3,378 | $123,509 | $25,711 | $97,798 |
| 2023 | $3,127 | $118,714 | $24,713 | $94,001 |
| 2022 | $2,769 | $116,387 | $24,229 | $92,158 |
| 2021 | $2,710 | $114,105 | $23,754 | $90,351 |
| 2020 | $2,663 | $112,936 | $23,511 | $89,425 |
| 2019 | $2,628 | $110,722 | $23,050 | $87,672 |
| 2018 | $2,590 | $108,552 | $22,599 | $85,953 |
| 2017 | $2,511 | $106,424 | $22,156 | $84,268 |
| 2016 | $2,290 | $104,338 | $21,722 | $82,616 |
| 2014 | $2,330 | $100,759 | $20,977 | $79,782 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 05/11/2026 05/11/26 | Pending | -- | -- | -- | |
| 04/22/2026 04/22/26 | For Sale | $2,795,000 | +33.1% | $814 / Sq Ft | |
| 05/14/2025 05/14/25 | Sold | $2,100,000 | -2.3% | $648 / Sq Ft | View Prior Sale |
| 04/06/2025 04/06/25 | Pending | -- | -- | -- | |
| 03/29/2025 03/29/25 | For Sale | $2,150,000 | -- | $663 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $2,100,000 | First American Title |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $525,000 | No Value Available | |
| Open | $1,575,000 | Construction |
Source: Santa Barbara Multiple Listing Service
MLS Number: 26-1309
APN: 075-092-035
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