6880 Pasado Road, Goleta, CA 93117 $2,275,000

Status: Closed    MLS# 26-824

7 Bedrooms    5 Full Bathrooms

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Property Description

This student housing investment property features a 4-bedroom, 2-bathroom home and a brand-new detached 3-bedroom, 3-bathroom ADU, offering an attractive unit mix and strong rental performance. The property is fully leased through 2027 and projects a 6.24 cap rate for the 2026-2027 school year.

The main residence features wood floors and pitched ceilings, while palm tree-filled yards create a relaxed coastal setting for tenants. Located on the outskirts of Isla Vista, the property offers added privacy while remaining just minutes from UC Santa Barbara, shops, and local beaches.

Property Information
Property Details
MLS ID: #26-824
Sold Price: $2,275,000 
Seller Consider Concessions: no
Status: Closed
Days on Market: 115
Address: 6880 Pasado Road
City / Zip: Goleta, CA 93117
Area / Neighborhood: Sb/Gol South
Property Type: Residential – Home/Estate
Approx. Sq. Ft.: 2,275 
Year Built: 1960 
Proximity: Near Bus, Near Ocean, Near Park(s), Near School(s), Near Shopping 
Schools
Elementary School: Isla Vista
Jr. High School: Gol Valley
Sr. High School: Dos Pueblos
Interior Features
Bedrooms: 7
Total Bathrooms: 5
Bathrooms (Full): 5
Laundry: Laundry Room 
Exterior Features
Roof: Composition 
Misc.
ADU: Yes 
Other buildings: ADU (Accessory Dwelling Unit) 
Zoning: SR 
Reports Available: Home Inspection, Prelim 
Location

Listed with Radius Group Commercial R.E.