6640 Del Playa Drive

Isla Vista, CA 93117

$1,895,000
Price
2
Beds
2
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Exceptional student housing opportunity located along the mountain side of Del Playa Drive, just two-and-a-half blocks from UCSB's campus and within easy walking distance of the restaurants, shops and amenities of Isla Vista's ''Loop.'' This 100%-leased duplex is being offered at a 4.89% Cap Rate on 2024-2025 rents with significant upside potential for the 2025-2026 school year. The property consists of a two large 2BD/2BA units each with an extra room that's utilized as a third single occupancy...Exceptional student housing opportunity located along the mountain side of Del Playa Drive, just two-and-a-half blocks from UCSB's campus and within easy walking distance of the restaurants, shops and amenities of Isla Vista's ''Loop.'' This 100%-leased duplex is being offered at a 4.89% Cap Rate on 2024-2025 rents with significant upside potential for the 2025-2026 school year. The property consists of a two large 2BD/2BA units each with an extra room that's utilized as a third single occupancy bedroom. There's also onsite laundry and off-street parking for four cars.
  1. Listed by Christos Celmayster • DRE #01342996 • Hayes Commercial Group
    P: (805)-563-2111 C: (805)-729-2912 christos@hayescommercial.com
  2. Listed by Rob Adams • DRE #01344315 • Hayes Commercial Group
    P: (805)-898-4386 C: (805)-680-0923 rob@hayescommercial.com

Property Details for 6640 Del Playa Drive

Zoning
Other
Zoning:Other
Yes
Location Info:Cross Street
Camino Pescadero
Property Information:Recurring Fees
No
LISTING UPDATED: 11/05/2024 12:15 PM

Property Details for 6640 Del Playa Drive

StatusActive
MLS #24-3646
Days on Market12
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Multi-Family
Year Built65
Lot Size0.15 AC / 6,534 SF
CountySanta Barbara County

Building Information for 6640 Del Playa Drive

Stories2Residences2Year Built65Building Size-Lot Size0.15 AC / 6,534 SF

Property Information for 6640 Del Playa Drive

Details
Features
  • District: 30 - SB/GOL SOUTH
  • District: 30 - SB/GOL SOUTH
  • Laundry Features: Other
  • Laundry:Other: Yes
  • Roof: True
  • Year Built Numeric: 65
  • Stories: 2
  • Property Information:Stories: 2.0
  • Building Area Total: 0.0
Taxes and HOA Information
  • Parcel Number: 075-201-041
  • Association Fee: $.00
Parking/Garage
  • Total # Carport Spaces: 2.00
  • Parking Features: Carport
  • Parking Info:Carport: Yes
Miscellaneous
  • Miscellaneous:# Refrigerators: 2.00
  • Miscellaneous:# Stoves: 2.00
  • Miscellaneous:Parking Spaces: 4.00
Room Info
Room Info
  • Total Bathrooms: .00
  • Bathrooms Total (Decimal): .00
  • Bathrooms Total (Notational): .00
Location Info
Location Info
  • Location Info:Compass Map: Santa Barbara
  • Location Info:Map Grid: E13
  • Location Info:Walk Score: 73.00
  • Location Info:Bike Score: 85.00
  • Proximity:Near Bus: Yes
  • Proximity:Near Ocean: Yes
  • Proximity:Near Park(s): Yes
  • Proximity:Near School(s): Yes
  • Proximity:Near Shopping: Yes
  • Lot Features: Near Public Transit
Neighborhood/Schools
  • Elementary School: Isla Vista
  • Junior High School: Gol Valley
  • High School: Dos Pueblos
  • NeighborhoodSchools:Elementary School: Isla Vista
  • NeighborhoodSchools:Junior High School: Gol Valley
  • NeighborhoodSchools:High School: Dos Pueblos
Property / Assessor Information
Property / Assessor Info
  • Lot Size Square Feet: 6534.0
  • Lot Size Area: 6534.0
  • Lot Size Acres: 0.15
  • Property Type Label: Res Inc
  • Property Information:Realtor.com Type: Multi-Family
  • Property Information:Year Built: 65.0
Utility Info
  • Meters:Sep Meter Elec: N
  • Meters:Sep Meter Gas: Yes
Income / Expense Info
Income / Expense Info
  • Income/Expenses:Gross Rent Multiplr: 13.38
  • Income/Expenses:Capitalization Rate: 4.89
  • Income/Expenses:Actual: Yes
  • Income/Expenses:Vac Factor: 5664
  • Income/Expenses:Total Annual Exp: $43,276.00
  • Income/Expenses:Cash Flow: 92,660.00
  • Income/Expenses:Total Monthly Income: $11,800
  • Income/Expenses:Annual Income: $141,600
  • Gross Income: $141,600
  • OperatingExpense: $43,276
Unit Info
Unit Info
  • Number Of Units Total: 2
Unit 1 Info
  • Unit 1:# Units: 2
  • Unit 1:# Bedrooms: 2
  • Unit 1:# Baths: 2
  • Unit 1:# Half Baths: 0
  • Unit 1:Furnished: N
  • Unit 1:Rent: $5,900.00
  • Unit 1:Lease: Yes
  • Unit 1:Monthly Total: $11,800.00
Rental
Rental Information
  • Total Actual Rent: $11,800

Property History for 6640 Del Playa Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 6640 Del Playa Drive

Taxable ValueLand$32,181Additions$97,367Total$129,548
Tax Record2024$3,216 ($268 / month)
Home Facts
Lot Size4,791 SqFtStyleDuplexCountySANTA BARBARAAPN075-201-041

Schools near 6640 Del Playa Drive

This home is within Goleta Union Elementary School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Charter - K to 8
Rating
School
Distance
Isla Vista Elementary School
PublicK to 6

Goleta Valley Junior High School
Public7 to 8

Dos Pueblos Senior High School
Public9 to 12

Santa Barbara Charter School
CharterK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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6640 Del Playa Drive is a multi-family home for sale in Isla Vista, CA 93117. This property was listed for sale on November 5, 2024 by Hayes Commercial Group, it's currently listed at $1,895,000. This listing's school districts are Goleta Union Elementary School District, Santa Barbara Unified School District. Nearby schools include Isla Vista Elementary School, Goleta Valley Junior High School and Dos Pueblos Senior High School. 6640 Del Playa Drive is a 2-bed, 2-bath, multi-family home built in 65.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Hayes Commercial Group, Christos Celmayster, DRE #01342996; Hayes Commercial Group, Rob Adams, DRE #01344315

Based on information from one of the following Multiple Listing Services: Santa Barbara MLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Santa Barbara MLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.