6648 Del Playa Drive, Goleta, CA, CA 93117
- $1,950,000
- List Price
- $1,950,000
- Status
- ACTIVE
- MLS#
- V1-37183
- County
- Santa Barbara
- Year Built
- 1954
- Building Square Feet
- 1,105
- Square Feet
- 4,971
- Days on Market
- 37
- Property Type
- Multifamily
- Stories
- One Level
- Neighborhood
- Not Applicable
Property Description
6648 Del Playa Drive, a trophy value add opportunity in the heart of Del Playa, the center of the action in Isla Vista and the address every UC Santa Barbara student wants. Sitting in the most active stretch of the street and a short walk from campus, the property offers an ownership position in a fully built out, coastal constrained submarket where new supply does not come to market and demand never lets up. The play is location and a clear income lift rather than current yield. Held under the same ownership for more than 50 years, the asset operates in place as a three bed two bath home has the ability to add an ADU to create additonal income at this location.
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Additional Information
- Parcel Number
- 075201028
- Rent Control
- Yes
- Gross Scheduled Income
- $76,956
- Operating Expense
- 41882
- Net Operating Income
- $37,193
- Number of Buildings
- 2
- Lot Features
- Sprinklers None
- Security Features
- Smoke Detector(s)
- Garage Spaces Total
- 1
- Community Features
- Biking
Listing courtesy of Listing Agent: Michael Lopus (mike.lopus@colliers.com) from Listing Office: Colliers International.
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.