Current Use by Public Records
- Retail properties & Spaces
Property Details for 6529 Sabado Tarde Rd
- Property type
- Retail properties & Spaces
- Property subtype
- Residential income properties
Description
This exceptional mixed-use investment opportunity encompasses two adjacent properties totaling 7,851 square feet on 9,582 square feet of land, situated less than a block from the University of California, Santa Barbara (UCSB) campus and adjacent to The Loop. The offering includes 6528 Sabado Tarde Road, a fourplex featuring four 2-bedroom, 2-bathroom units, each with a private patio and one assigned parking space. These units boast updated interiors, including tile floors, new or refurbished cabinets, and granite countertops. The second property, 6529 Trigo Road, is a mixed-use building with three ground-floor commercial studios and four second-floor residential studios. This building benefits from high visibility along a major pedestrian and bicycle route to the campus, providing excellent exposure to UCSB's 26,179 students. Each retail suite includes a private restroom and large street-facing windows. The combined properties offer a total of 11 units and 9 parking spaces. 6528 Sabado Tarde Road is zoned SR-H-20 and has an APN of 075-173-036, while 6529 Trigo Road is zoned C-2 and has an APN of 075-173-035. The asking price is $5,000,000, with projected cap rates of 5.22% (2024/2025) and 6.12% (2025/2026), and GRMs of 12.94 (2024/2025) and 11.48 (projected 2025/2026). This is a rare opportunity to acquire a well-maintained, high-performing investment property in a highly desirable location. The properties are being sold together.
Value Estimations
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Isla Vista
- County
- Santa Barbara
- State
- California
- Longitude
- -119.855
- Latitude
- 34.411
