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67456747 Del Playa Drive, Isla Vista, CA 93117

15 Bed, 8 Bath Multi-Family Home For Sale

67456747 Del Playa Drive, Isla Vista, CA 93117 House For Sale - MLS #SR17224671
$3,450,000
15
8
Multi-Family
4 Family
This listing is courtesy of Warren Berzack from Lee & Associates.

Property Description for 67456747 Del Playa Drive, Isla Vista, CA 93117

PRICE REDUCED 6.55% CURRENT CAP RATE. Del Playa Apartments is a well maintained 4-unit (30 Bed) student housing complex that consists of two 2-story buildings in the neighborhood of Isla Vista, California. Set on a combined 13,503 square foot lot, the 4,800 combined square foot property offers 15 bedrooms with a total of 30 beds at a current monthly income of $27,010. Built in 1967, the properties are non-rent-controlled, adjacent to UC Santa Barbara, have spectacular ocean views, partially updated kitchens and bathrooms, balconies, large living rooms, ample storage and parking. Del Playa Apartments is located along Del Playa Drive between Camino Corto to the west and Camino Del Sur to the east. The property overlooks the beach to the south and Sabado Tarde Road is just north.

Interior Details

4,800 sq. ft.
$718.75/sq. ft.
Water District; Public

Exterior Details

0.31 acres
13,503 sq. ft.

Other Details

SR17224671
1967
4

Units Description

Unit #1
Bedrooms: 4      Full / Half Baths: 2      Rent: $6,825     

Unit #2
Bedrooms: 4      Full / Half Baths: 2      Rent: $7,100     

Unit #3
Bedrooms: 3      Full / Half Baths: 2      Rent: $5,985     

Unit #4
Bedrooms: 4      Full / Half Baths: 2      Rent: $7,100     

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Town Description

Traditionally, Isla Vista is the area 'in the box' formed by El Colegio Road to the north, Ocean Road to the east, the beach to the south, and Camino Majorca to the west. The 2000 census showed 13,465...

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