17
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$3,000,000
Est. payment /mo
4,792 Sqft Lot
Pending
6622 Del Playa DR Drive Goleta, CA 93117
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Key Details
Property Type Single Family Home
Listing Status Pending
Purchase Type For Sale
MLS Listing ID 25-3292
Year Built 1958
Lot Size 4,792 Sqft
Acres 0.11
Lot Dimensions 4792.0
Source Santa Barbara Multiple Listing Service
Property Description
EXTREMELY RARE DEL PLAYA ASSET W/ STRONG CASH FLOW & UPSIDE.
6622 Del Playa Dr offers a premier student rental in the heart of Isla Vista—steps from UCSB & the ocean. On IV's most desirable street, this Spanish-style duplex + new 3BD/3BA house (2025) blends cash flow, lifestyle appeal & long-term upside. Front bldg has (2) spacious 3BD/1BA units: top floor w/ balconies, ground floor w/ large patio—highly desirable to students. The secondary residence, leased pre-completion at below-mkt rent, provides clear value-add potential. Fully leased thru 2025-26 yr, property delivers a 4.9% cap w/ stable income & low turnover. With strong demand from UCSB/SBCC & limited supply, this is a rare long-term hold that outperforms for decades.
6622 Del Playa Dr offers a premier student rental in the heart of Isla Vista—steps from UCSB & the ocean. On IV's most desirable street, this Spanish-style duplex + new 3BD/3BA house (2025) blends cash flow, lifestyle appeal & long-term upside. Front bldg has (2) spacious 3BD/1BA units: top floor w/ balconies, ground floor w/ large patio—highly desirable to students. The secondary residence, leased pre-completion at below-mkt rent, provides clear value-add potential. Fully leased thru 2025-26 yr, property delivers a 4.9% cap w/ stable income & low turnover. With strong demand from UCSB/SBCC & limited supply, this is a rare long-term hold that outperforms for decades.
Location
State CA
County Santa Barbara
Exterior
Parking Features Uncovered
Building
New Construction No
Others
Tax ID 075-201-026
Acceptable Financing Cash, Ctnl
Listing Terms Cash, Ctnl
Listed by Radius Group Commercial R.E.
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