6880 Pasado
Isla Vista Student Housing | 6.24% CAP | SFR + BRAND NEW ADU
Marketing 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.
Investment highlights
Price: $2,425,000
CAP Rate : 3.25% 25'/26' Sch. Yr. • 6.24% 26'/27' Sch. Yr.
GRM: 18.37 25'/26' Sch. Yr. • 11.55 26'/27' Sch. Yr.
Units: 2
Unit Mix: Main House 4BD/2BA • ADU 3BD/3BA
Total SF: ±2,275 SF (est.)
Land SF: ±6,098 SF
APN: 075-081-014
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