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.
Active
$2,795,000
6724 Pasado Rd, Goleta, CA 93117
6beds
5baths
3,435sqft
Est.:
Multi Family
Built in 1966
-- sqft lot
$2,698,100 Zestimate®
$814/sqft
$-- HOA
What's special
- 15 days |
- 382 |
- 5 |
Zillow last checked:
Listing updated:
Listed by:
Steven J Golis 00772218 805-965-5500,
Radius Group Commercial R.E.
Source: SBMLS,MLS#: 26-1309
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 5
Appliances
- Laundry: In Unit
Features
- Has fireplace: No
Interior area
- Total interior livable area: 3,435 sqft
Property
Features
- Stories: 2
Lot
- Size: 8,712 Square Feet
Details
- Parcel number: 075092035
- Zoning: R-3
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- Excellent,Good
- Year built: 1966
Community & HOA
Location
- Region: Goleta
Financial & listing details
- Price per square foot: $814/sqft
- Tax assessed value: $123,509
- Annual tax amount: $3,378
- Date on market: 4/22/2026
- Cumulative days on market: 16 days
- Listing terms: Conventional,Cash
- Total actual rent: 18600
Estimated market value
$2,698,100
$2.56M - $2.83M
$4,700/mo
Price history
| Date | Event | Price |
|---|---|---|
| 4/22/2026 | Listed for sale | $2,795,000+33.1%$814/sqft |
Source:  SBMLS #26-1309 Report a problem | ||
| 5/14/2025 | Sold | $2,100,000-2.3%$611/sqft |
Source: SBMLS #25-1229 Report a problem | ||
| 4/6/2025 | Pending sale | $2,150,000$626/sqft |
Source: SBMLS #25-1229 Report a problem | ||
| 3/29/2025 | Listed for sale | $2,150,000$626/sqft |
Source: SBMLS #25-1229 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,378 +8% | $123,509 +2% |
| 2024 | $3,127 +7.4% | $121,088 +2% |
| 2023 | $2,910 +5.1% | $118,714 +2% |
| 2022 | $2,769 +2.2% | $116,387 +2% |
| 2021 | $2,710 +1.8% | $114,105 +1% |
| 2020 | $2,663 +1.3% | $112,936 +2% |
| 2019 | $2,628 +1.4% | $110,722 +2% |
| 2018 | $2,590 +3.2% | $108,552 +2% |
| 2017 | $2,511 +9.7% | $106,424 +2% |
| 2016 | $2,290 -1.8% | $104,338 +1.5% |
| 2015 | $2,330 | $102,772 +2% |
| 2014 | $2,330 | $100,759 +2.5% |
| 2012 | -- | $98,339 +2% |
| 2011 | -- | $96,412 +0.8% |
| 2010 | -- | $95,692 -0.2% |
| 2009 | -- | $95,921 +2% |
| 2008 | -- | $94,041 +2% |
| 2007 | -- | $92,198 +2% |
| 2006 | -- | $90,391 +2% |
| 2005 | -- | $88,619 +3.9% |
| 2003 | -- | $85,292 +2% |
| 2002 | -- | $83,620 +2% |
| 2001 | -- | $81,981 +2% |
| 2000 | -- | $80,375 |
Find assessor info on the county website
Monthly payment
Est. payment
$16,401/mo
Principal & interest
$13909
Property taxes
$2492
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Climate risks
Neighborhood: 93117
Nearby schools
GreatSchools rating
- 8/10Isla Vista Elementary SchoolGrades: K-6Distance: 0.5 mi
- NALearning Tree PreschoolGrades: Distance: 3 mi
Schools provided by the listing agent
- Elementary: Isla Vista
- Middle: Gol Valley
- High: Dos Pueblos
Source: SBMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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- California
- Santa Barbara County
- Isla Vista
- 93117
- 6724 Pasado Rd
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