6712 Del Playa Drive
Isla Vista, CA 93117
- – beds
- – baths
- – sqft
- 4,791 sqft lot
- 1965 build
- – on site
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This duplex offers a prime location in the premium student housing market of Isla Vista. With the main UCSB campus just blocks away and the ocean bluffs across the street, this property provides outstanding investment fundamentals and the very best of the coastal college lifestyle. The property consists of two 2 bed + 1 bath units on a large parcel with an entertainer's backyard for the ground-floor unit and a large view deck over a two-car garage for the upper unit. Located on the coveted Del Playa Drive across the street from the bluffs and Rottapel Park and featuring ocean views. The property is part of a four-property student housing portfolio that is also for sale, consisting of 28 residential units and 3 commercial units. The asset is in the heart of Isla Vista, the high-demand student community adjacent to UCSB, with very high barriers to entry for new development, rental vacancy of around 2%, and exceptional upside. UCSB is a top-tier university of approximately 25,000 students, ranked #7 among public universities in US News & World Report (2023) with a 29% freshman acceptance rate in 2022. PROPERTY PRICE: $1,700,000 ($850,000 per unit) CURRENT CAP RATE & GRM: 3.07% | 19.14 PROFORMA CAP RATE & GRM: 3.53% | 17.49 PARCEL NUMBER (APN): 075-191-028 BUILDING SIZE: 1,792 SF LOT SIZE: 4,791 SF | 0.11 Acres UNITS: 2 Residential Units (Two 2 Bed + 1 Bath) AVERAGE UNIT SIZE: 896 SF PARKING: 2 Car Garage + 3 Uncovered Spaces ZONING: SR-M-18
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Last updated Jun 25, 2024
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MLS# SC23060064 —
The Building
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Year Built:1965
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Year Built Source:Other
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New Construction:No
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Entry Level:1
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Common Walls:No Common Walls
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Building Area Total:1792.00
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Building Area Units:Square Feet
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# of Buildings:1
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Total Number Of Units:2
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Stories Total:2
Interior
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Entry Location:Front
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Laundry:None
Location
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Directions:Cross Street: Camino Del Sur
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Latitude:34.40997900
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Longitude:-119.86304400
The Property
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Property Type:Residential Income
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Subtype:Commercial/Residential
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Zoning:SR-M-18
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Lot Features:0-1 Unit/Acre
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Lot Size Area:4791.0000
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Lot Size Acres:0.1100
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Lot Size SqFt:4791.00
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Lot Size Source:Assessor
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Additional Parcels:No
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Land Lease:No
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Block:C
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Tax Census Tract:29.36
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Tax Lot:20
The Listing
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Special Listing Conditions:Standard
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Parcel Number:075191028
Utilities
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Sewer:Public Sewer
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Water Source:Public
The Community
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Senior Community:No
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Features:Biking, Park, Sidewalks
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Pool:None
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Private Pool:No
Parking
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Parking Spaces:5.00
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Garage Spaces:2.00
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Uncovered Spaces:3.00
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
6/5/23
Jun 5, 2023
|
BRIDGE | $1,700,000 | ||
|
4/11/23
Apr 11, 2023
|
Listed / Active | CRMLS_CA | $1,700,000 |
