Triplex with Approved Unit
For Sale
Contact for pricing
6724 Pasado Rd, Goleta, CA 93117
R-3-zoned student housing property with substantial parking and leases in place through 2027.
Property Size3,435 SF
Price / SF$813.68
Days on Market131
Property Features for 6724 Pasado Rd
General Information
Standard status
Active
Size
3,435 SF
Property subtype
Multifamily
Zoning
R-3
Occupancy
100%
Net Operating Income
$154,123
Units
Unit Mix
2 x 3BR/2BA, 1 x efficiency
Multifamily Units
3
Additional Details
Cap Rate
5.51%
Amenities
oversized parking lot
Building Details
Year Built
1966
Year Renovated
2026
Buildings
1
Stories
2
Units
2
Listing Agency:
Radius Commercial Real Estate & Investments
(805) 879-9606
Listed By:
Jack Gilbert · License #02197493
Source:
Crexi
Added: Apr 22
Changed: Aug 29
Last Checked: Aug 29 at 4:11PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Radius Commercial Real Estate & Investments
Investment Insights
Based on property information with market context.
This 3,435-square-foot triplex, built in 1966, contains two three-bedroom, two-bath units plus an efficiency unit. Approved plans provide for two additional units, creating a defined expansion component. Capital improvements to the main residence were completed in 2026, and the property carries R-3 zoning.
The asset is fully leased through 2027 and has a 5.51% cap rate for the 2026–2027 school year. Its oversized parking lot serves a student-oriented rental property in Isla Vista, with UC Santa Barbara, local shops, and beaches located minutes away. The property is at 6724 Pasado Rd in Goleta, California.
The asset is fully leased through 2027 and has a 5.51% cap rate for the 2026–2027 school year. Its oversized parking lot serves a student-oriented rental property in Isla Vista, with UC Santa Barbara, local shops, and beaches located minutes away. The property is at 6724 Pasado Rd in Goleta, California.
Key Highlights
- Two 3‑bedroom/2‑bathroom units plus 1 efficiency unit
- Approved plans for 2 additional units
- 3,435 square feet on an R‑3‑zoned property
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
574
Businesses Nearby
Explore this area
Business Placement
Demographics for 93117, CA
53,430
Population
18,208
Households
2.9
Avg Household Size
28
Median Age
49%
College-Educated
90%
High-School Grad
168.1 sq mi
ZIP Area
318
Density / Sq Mi
$85,711
Median Household Income
$28,542
Median Earnings
$1,980
Median Rent
$1,021,700
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Triplex - R-3-zoned student housing property with substantial parking and leases in place through 2027.
Where is this triplex located?
The property is located at 6724 Pasado Rd Goleta, CA.
What is the asking price?
The asking price for this property is $2,795,000.
What are key features of this property?
This property features: Two 3‑bedroom/2‑bathroom units plus 1 efficiency unit; Approved plans for 2 additional units; 3,435 square feet on an R‑3‑zoned property
