6647-6649 Del Playa Drive, Goleta, CA 93117

$5,850,000
4,196
SqFt
List Price
$5,850,000
Status
ACTIVE
MLS#
24-924
Living Area
4,196
Region
SB/GOL SOUTH
Year Built
1967

Property Description

100% Leased the Last Two Decades! 6647 and 6649 Del Playa Drive is an incredible student housing opportunity consisting of two 6 bedroom houses set near UCSB in the college beach community of Isla Vista. Both houses feature updated vinyl plank flooring throughout, spacious floorplans with ample storage and closet spaces, and updated kitchens and bathrooms. Large balconies offer expansive ocean and Channel Islands views and sounds of the waves. Tenants enjoy the ease of off street parking and coin operated laundry on site. UCSB's enrollment sizes have continuously increased, however, the lack of new development couple with a grossly under supplied market has created a high demand for student housing in Isla Vista. This property sits in the middle of the heavily desired and trafficked 6600 block of Isla Vista's premier street, Del Playa Drive, and is only a short bike ride or walk to dining and campus. Rental rates along the bluff side of Del Playa Drive are upwards of $1,800/bed.

Additional Information

Elementary School
Isla Vista
Middle School
Other
High School
Dos Pueblos
Annual Income
456000
Capitalization Rate
5.51
Living Area
4,196
Region
SB/GOL SOUTH
Total Monthly Income
$38,000
Units
2
Zoning
Other

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Radius Group Commercial R.E..