6624 Sueno Rd
Goleta, CA 93117 Isla Vista

6624 Sueno Road offers a rare infill development opportunity in the heart of Isla Vista, one of the most supply-constrained and highest-demand student housing markets in California. Situated adjacent to UC Santa Barbara’s campus and within Santa Barbara County, this 14,810 SF parcel provides exceptional potential for a multi-unit residential redevelopment.
With SR-M-18 zoning allowing by-right development of up to six units, the site aligns perfectly with current housing demands where vacancy rates remain structurally near zero. Currently improved with a leased single-family dwelling, the property offers immediate holding income while developers pursue entitlements and new construction. Market fundamentals are robust: UCSB enrollment exceeds 26,000 students, driving consistent rental growth, with new construction targeting per-bed rents of $1,700+.
Surrounded by established residential neighborhoods, abundant retail options, beaches, and quick access to Highway 101, this property represents a strategic acquisition for investors seeking long-term value in a highly resilient market.