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.
Single-familyProperty Type
1960Year Built
$1,066Price/Sq.Ft.
Listed by Steven Golis•DRE #00772218• Radius Group Commercial R.E.
Listed by Michael Lopus•DRE #01970736• Colliers International Greater Los Angeles, Inc.
Orilla del Mar, located between Goleta Beach Park and the UCSB campus edge, is a coastal and residential Goleta neighborhood with ocean-breeze streets and a bike-first shoreline feel. The neighborhood’s character concentrates around the Goleta Beach Park entrance at Sandspit Road, where surf checks, picnic tables, and the long pier set the daily rhythm. Low-slung condos and beach cottages sit behind palms and dunes, with paths that funnel toward the sand. The Goleta Beach Pier and the Goleta Beach Park café counter act as local touchpoints for a post-walk bite. Afternoons track the slough and shoreline, with planes gliding in over the water from nearby Santa Barbara Airport.
Provided by Walk Score and Local Logic
Market insights
6880 Pasado Rd · $2,425,000
DAYS ON MARKET
128 days
The average home goes pending in 38 days.
SALE-TO-LIST
98.8%
Most homes are selling 1% below list price.
LIST PRICE
$2,425,000
Median sale price in this area is $1,126,507. (54% lower than this home)
PRICE DROP
0 price drops
18% of homes in this area have had a price drop in the past month.
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Interior features
Laundry room
Bedrooms
Accessory dwelling: 3 bedrooms (attached ADU)
Bathrooms
Accessory dwelling: 3 full bathrooms
Main property: 5 full bathrooms
Laundry & utility
Laundry room
Exterior features
Near public transit
Home design
Home/Estate property subtype
Two buildings on the property
Accessory dwelling unit (ADU) attached to main building
Construction
Composition roof
Zoning: SR
Electricity and solar
View estimated energy costs and solar savings for this home
Located in the heart of Isla Vista's vibrant rental market, 6880 Pasado Road offers investors a well-positioned duplex with strong income stability, consistent tenant demand, and outstanding long-term potential. Just blocks from UCSB and the beaches of Isla Vista, this property presents an appealing blend of lifestyle desirability and reliable returns. Main house is 4BD/2BA plus a 3BD/3BA ADU. Tenants pay all utilities. Projected 6.24% CAP and 11.55 GRM. Excellent long-term investment in one of California's most resilient student-housing markets.
SBMLS #26-824
Jul 22, 2026
Pending
—
Mar 16, 2026
Listed
$2,425,000
$1,066/sq ft
SBMLS #26-783
Jul 22, 2026
Pending
—
Mar 12, 2026
Listed
$2,425,000
$1,066/sq ft
+21
6880 Pasado Rd. is a fully-leased two-unit income property in Isla Vista delivering consistent, stabilized cash flow with a steady 6.24% cap rate through the 26/27 lease term
CRMLS #S577234
Aug 16, 2009
Sold
$832,500
$366/sq ft
Jun 16, 2009
Listing Removed
—
Jun 7, 2009
Listed
$850,000
$374/sq ft
SBMLS #09-2060
Jun 7, 2009
Listed
$850,000
$374/sq ft
Public Records
Jul 20, 2006
Sold
$866,364
$381/sq ft
Public Records
Nov 4, 1980
Sold
$120,000
$53/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$12,979 (+2.6%)
$819,943 + $341,636
$1,161,579
2024
$12,648 (+2.3%)
$803,866 + $334,938
$1,138,804
2023
$12,358 (+2.1%)
$788,104 + $328,371
$1,116,475
2022
$12,101 (+1.8%)
$772,651 + $321,933
$1,094,584
2021
$11,892 (+2.7%)
$757,501 + $315,621
$1,073,122
2020
$11,580 (+1.8%)
$742,649 + $309,433
$1,052,082
2019
$11,370 (+1.9%)
$735,035 + $306,261
$1,041,296
2018
$11,158 (+1.9%)
$720,623 + $300,256
$1,020,879
2017
$10,955 (+3.5%)
$692,642 + $288,598
$981,240
2016
$10,584 (+0.7%)
$692,642 + $288,598
$981,240
2015
$10,507 (+1.5%)
$679,061 + $282,940
$962,001
2014
$10,351 (+0.6%)
$655,759 + $273,231
$928,990
2013
$10,293 (+2.6%)
$655,759 + $273,231
$928,990
2012
$10,030 (+2.0%)
$652,796 + $271,997
$924,793
2011
$9,837 (+0.7%)
$639,997 + $266,664
$906,661
2009
$9,764 (+2.0%)
$622,760 + $259,483
$882,243
2008
$9,569
$612,000 + $255,000
$867,000
Public record
Public record
Zoning
Beds
3
Baths
2
Stories
—
Lot width
—
Lot depth
—
Lot size
6,098 Sq. Ft.
Year renovated
1960
Finished Sq. Ft.
—
Unfinished Sq. Ft.
—
Total Sq. Ft.
1,340
Year built
1960
Style
Single Family Residential
County
Santa Barbara County
APN
075081014
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 17, 2026.
10-R-1
D
Single Family Residential Zone
The R-1 zones are applied to areas appropriately located for one-family living at a reasonable range of population densities, consistent with sound standards of public health, safety, and welfare. This zone is intended to protect the residential characteristics of an area and to promote a suitable environment for family life.
Zone overlays
Design Control Overlay Zone
Permitted uses
Include but are not limited to:
Greenhouse / nursery
Community / recreation center
Housing-Single unit
Housing-Other
Waste transfer station
Lodging-Full service
Park & open space
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
2/10 Fire Factor
0.00% chance of being in a wildfire in next 30 years
5/10 Heat Factor
7 days above 83° expected this year, 20 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
6/10 Air Factor
10 unhealthy days expected this year, 10 days in 30 years
Provided by First Street
Historical weather
Goleta, CA • 93117
Average low and high temperatures (°F)
66
47
67
49
67
52
67
51
69
53
69
56
70
56
74
59
73
60
71
55
65
50
65
49
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
62/ 100
Moderate sunlight
Sunscore
There appears to be some shading by surrounding buildings, terrain, and vegetation.
7.8 hrs
4.3 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 6880 Pasado Rd
$2,284,743
$140K under list price of $2.43M
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $1.7M to $2.5M.