6724 Pasado Rd Goleta, CA 93117
Estimated payment $15,181/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
| 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 | $3,127 | $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
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 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
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $2,100,000 | First American Title |
Mortgage History
| 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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