$4,800,000
SOLD DEC 19, 2024

6528 Sabado Tarde Rd Isla Vista, CA 93117

-- Bed
-- Bath
7,851 Sq Ft
9,582 Sq Ft Lot

Recently Sold

$611 Per Sq Ft

4% Below List Price

63 Days on Market

Highlights

  • Property is near an ocean
  • Property is near a park
  • 1-minute walk to Little Acorn Park
  • Isla Vista Elementary School Rated A
  • Laundry Room

About This Home

As of December 2024

Mixed-use property in the premium student housing market & college business district
of Isla Vista. Located just off the ''Loop'', one block from UCSB's campus and just a few blocks away from the beach, this offering consists of two adjoining parcels that provide outstanding
investment fundamentals & the very best of the coastal college lifestyle. 6528 Sabado Tarde is a fourplex (all 2 bed + 2 bath units). 6529 Trigo Road is a mixed-use property comprised of 7 units (4 residential studios & 3 ground floor commercial studios). All residential units are leased through the 24/25 school year with upside in obtaining market rents for the 25/26 school year. Additionally, 2 of the 3 commercial units are leased out at market rents. Zoning SR-H-20
6529 Trigo Rd
Building Size 4,431SF
Lot Size 4,792 SF
APN 075-173-035
Units 4 studios &
3 commercial
Parking 5 spaces
Zoning C-2

Last Agent to Sell the Property

Christos Celmayster

Hayes Commercial Group License #01342996

Co-Listed By

Rob Adams

Hayes Commercial Group License #01344315

Last Buyer's Agent

David Marchetti

Village Properties - 1 License #02007487

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,466

Interior Spaces

  • 7,851 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Parking

  • 9 Parking Spaces
  • Uncovered Parking

Location

  • Property is near a park
  • Property is near public transit
  • Property near a hospital
  • Property is near schools
  • Property is near shops
  • Property is near a bus stop

Schools

  • Isla Vista Elementary School
  • Gol Valley Middle School
  • Dos Pueblos High School

Utilities

  • Shared Gas Meter
  • Individual Gas Meter

Additional Features

  • Property is near an ocean
  • 9,582 Sq Ft Lot

Listing and Financial Details

  • Assessor Parcel Number 075-173-036
  • Seller Concessions Offered

Community Details

Overview

  • 8 Units

Building Details

  • Operating Expense $109,826
  • Gross Income $386,392
  • Net Operating Income $261,111

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,466

Lot Details

0

Listing Details

  • Prop. Type: ResidentialIncome
  • Income Expenses Annual Income: 386392.0
  • Capitalization Rate: 5.22
  • Gross Rent Multiplier: 12.94
  • Annual Expenses: 109826.0
  • Monthly Income: 31947.0
  • Meters Sep Meter Elec: Y
  • Meters Sep Meter Gas: Yes
  • Miscellaneous Parking Spaces: 9.0
  • Building Stories: 2
  • ResoLaundryFeatures: Laundry Room
  • ResoLotFeatures: Near Public Transit
  • Co List Office Mls Id: bhc
  • Co List Office Phone: 805-563-2111
  • NeighborhoodSchools Elementary School: Isla Vista
  • NeighborhoodSchools Junior High School: Gol Valley
  • NeighborhoodSchools High School: Dos Pueblos
  • Parking Info Uncovered: Yes
  • Proximity Near Ocean2: Yes
  • Proximity Near Park(s)2: Yes
  • Proximity Near School(s)2: Yes
  • Laundry Laundry Room2: Yes
  • Property Information Main House SqFt: 7851.0
  • Proximity Near Shopping2: Yes
  • Property Information Apx Lot SqFt: 9582.0
  • Proximity Near Bus: Yes
  • Proximity Near Hospital2: Yes
  • General Property Information Stories2: 2.0
  • IncomeExpenses NOI2: 261111
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Exterior Features

  • Acres: 0.22

Garage/Parking

  • Parking Features: Uncovered
  • Total Parking Spaces: 9.0

Schools

  • Elementary School: Isla Vista
  • High School: Dos Pueblos
  • Middle Or Junior School: Gol Valley

Lot Info

  • Parcel #: 075-173-036
  • Zoning: Other
  • Lot Size Sq Ft: 9582.0

Multi Family

  • Number Of Units Total: 8
  • Annual Gross Income: 386392.0
  • Annual Operating Expense: 109826.0
  • Total Actual Rent: 31947.0

Map

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/19/2024 12/19/24 Sold $4,800,000 -4.0% $611 / Sq Ft
11/20/2024 11/20/24 Pending -- -- --
09/18/2024 09/18/24 For Sale $5,000,000 -- $637 / Sq Ft
Source: Santa Barbara Multiple Listing Service

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
2024 $4,466 $134,572 $16,810 $117,762
2023 $4,466 $131,934 $16,481 $115,453
2022 $3,815 $129,348 $16,158 $113,190
2021 $3,740 $126,813 $15,842 $110,971
2020 $3,684 $125,514 $15,680 $109,834
2019 $3,641 $123,054 $15,373 $107,681
2018 $3,596 $120,642 $15,072 $105,570
2017 $3,466 $118,277 $14,777 $103,500
2016 $3,335 $115,959 $14,488 $101,471
2014 $3,175 $111,982 $13,992 $97,990
Source: Public Records

Deed History

Date Type Sale Price Title Company
Grant Deed $2,400,000 Fidelity National Title
Quit Claim Deed -- None Available
Interfamily Deed Transfer -- --
Source: Public Records

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Source: Santa Barbara Multiple Listing Service

MLS Number: 24-3124

Santa Barbara Multiple Listing Service

APN: 075-173-036

California Santa Barbara County Isla Vista 93117

6528 Sabado Tarde Rd, Isla Vista, CA

Homes for Sale in Isla Vista, CA

This home is located at 6528 Sabado Tarde Rd, Isla Vista, CA 93117 and is currently priced at $4,800,000, approximately $611 per square foot. 6528 Sabado Tarde Rd is a home located in Santa Barbara County with nearby schools including Isla Vista Elementary School, Goleta Valley Junior High School, and Dos Pueblos Senior High School.

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