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
$1,000Price/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.
Est. $4,704 per month, based on comparable rentals
Sale and tax history for 6880 Pasado Rd
Sale History
Tax History
Date
Event
Price
CRMLS #V1-35254
Sep 9, 2026
Sold
$2,275,000
$1,000/sq ft
Aug 6, 2026
Pending
—
Mar 18, 2026
Listed
$2,425,000
$1,066/sq ft
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
Sep 9, 2026
Sold
$2,275,000
$1,000/sq ft
Jul 22, 2026
Pending
—
Mar 16, 2026
Listed
$2,425,000
$1,066/sq ft
SBMLS #26-783
Sep 9, 2026
Sold
$2,275,000
$1,000/sq ft
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
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 Sep 19, 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
Property details
Interior
Bathroom Information
# of Bathrooms (Full): 5
Interior Features
Laundry Features: Laundry Room
ADU 1 Information
# of Bedrooms: 3
# of Bathrooms: 3
Year Built: 0
ADU Type: ADU
Attached: Yes
Exterior
Exterior Features
Roof: Composition
Property Information
# Of Buildings: 2
Property Sub Type: Home/Estate
Other Structures: ADU (Accessory Dwelling Unit)
Lot Information
Lot Features: Near Public Transit
Zoning: SR
Location
School Information
Elementary School: Isla Vista
Middle Or Junior School: Gol Valley
High School: Dos Pueblos
Location Information
Cross Street: Camino Lindo
Public facts
Beds: 3
Baths: 2.0
Sq. Ft.: 1,340
Stories: —
Lot Size: 6,098 square feet
Style: Single Family Residential
Year Built: 1960
Year Renovated: 1960
County: Santa Barbara County
APN: 075081014
Home facts updated by county records on Sep 19, 2026
Around this home
Schools
Isla Vista Elementary School
Public K-6 • Assigned • 0.3mi
8/10
Goleta Valley Junior High School
Public 7-8 • Assigned • 3.3mi
6/10
Dos Pueblos Senior High School
Public 9-12 • Assigned • 1.9mi
9/10
Provided by GreatSchools
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
74
59
74
58
74
61
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
Estimated sale price
$2.16M – $2.62M
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