SOLD 06/21/2023
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Home sold for $1,600,000 in 72 days
6712 Del Playa Dr Isla Vista, CA, 93117
Off the market 2 beds 1,792 sqft
This duplex offers a prime location in the premium student housing market of Isla Vista. With the main UCSB campus just blocks away and the ocean bluffs across the street, this property provides outstanding investment fundamentals and the very best of the coastal college lifestyle. The property consists of two 2 bed + 1 bath units on a large parcel with an entertainer's backyard for the ground-floor unit and a large view deck over a two-car garage for the upper unit. Located on the coveted Del Playa Drive across the street from the bluffs and Rottapel Park and featuring ocean views. The property is part of a four-property student housing portfolio that is also for sale, consisting of 28 residential units and 3 commercial units. The asset is in the heart of Isla Vista, the high-demand student community adjacent to UCSB, with very high barriers to entry for new development, rental vacancy of around 2%, and exceptional upside. UCSB is a top-tier university of approximately 25,000 students, ranked #7 among public universities in US News & World Report (2023) with a 29% freshman acceptance rate in 2022. PROPERTY PRICE: $1,700,000 ($850,000 per unit) CURRENT CAP RATE & GRM: 3.07% | 19.14 PROFORMA CAP RATE & GRM: 3.53% | 17.49 PARCEL NUMBER (APN): 075-191-028 BUILDING SIZE: 1,792 SF LOT
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Property details
1,792 sqft interior area
Property type
Home
Interior area
1,792 sqft
Land area
4,791 sqft (0.11 acres)
Price per sqft
$892/sqft
Address
6712 Del Playa Dr, Isla Vista, CA, 93117
City of California
Isla Vista
County
Santa Barbara
Sold price
$1,600,000
nr.of parking places
5
Year Built
1965
District
All Other Counties/states
Open Houses
No upcoming open houses
Interior Features
5 parking places
Beds
2
Parking
5
Laundry Features
No Hookups
Listed by
Christos Celmayster, Hayes Commercial Group, Inc.
Name
Christos Celmayster
License number
01342996
Brokerage company
Hayes Commercial Group, Inc.
MLS #
CRSC23060064
Buyer agent
Name
Bahram Tabrizi
Brokerage company
Premier Realty Associates
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Mortgage
$4,913
Taxes
$0
HOA dues
$0
Mortgage
$320,000 / 20%
2.28%
30 years
Your amount
$4,913 / month
Exterior Features
—
Yard
Other
Lot details
TMK #075191028
Parcel nr.
075191028
93117 info
Essentials nearby
Neighborhood stats
Walkability
Coffee shops
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no data
Bus stop
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Supermarket
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no data
Costco
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no data
Hospital
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no data
Park
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no data
Beach
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no data
Elementary school
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no data
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Local airport
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no data
People living in 93117
45%
Families with children
National average: 39%
49%
Non family households
57,913
Population
$87,833
Average Income
Age & gender
Median age 22 years
More info
Commute types
66% commute by car
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Education level
47% have college education
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Number of employees
34% work in education and healthcare
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Vehicles available
34% have 2 vehicle
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Vehicles by gender
34% have 2 vehicle
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Housing market insights for
$1.58m
Neighborhood average
sales price*
sales price*
$1.49m
Neighborhood median
sales price*
sales price*
3
Number
of sales*
of sales*
Housing type
36% are single detacheds
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Rooms
36% of the houses have 4 or 5 rooms
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Bedrooms
52% have 2 or 3 bedrooms
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Owners vs Renters
62% are renters
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7.17 / 20
Below Average
►
15-20
Most Walkable
10-15
Above Average
5-10
Below Average
1-5
Least Walkable
Walkability according to the National Walkability Index
Price history
Sold Jun 21, 2023
| Date | Event | Price | $/sqft | Source |
|---|---|---|---|---|
| Jun 21, 2023 | Sold | $1,600,000 | 892.86 | Public Record |
| Jun 21, 2023 | Price Decrease | $1,600,000 -5.88% | 892.86 | MLS #CRSC23060064 |
| Jun 1, 2023 | Under contract | $1,700,000 | 948.66 | MLS #CRSC23060064 |
| Apr 11, 2023 | New Listing | $1,700,000 | 948.66 | MLS #CRSC23060064 |
Taxes of 6712 Del Playa Dr, Isla Vista, CA, 93117
SR-M zoning / MLS #CRSC23060064
Zoning
SR-M
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Frequently Asked Questions about 6712 Del Playa Dr
What is 6712 Del Playa Dr?
6712 Del Playa Dr, Isla Vista, CA, 93117 is a single family home located in the city of Isla Vista, California with zipcode 93117. This single family home has 2 bedrooms with an interior area of 1,792 sqft.
Which year was this home built?
This home was build in 1965.
Which year was this property last sold?
This property was sold in 2023.
What is the full address of this Home?
6712 Del Playa Dr, Isla Vista, CA, 93117.
Are grocery stores nearby?
The closest grocery stores are Indo China Market, 1.38 miles away and Albertsons, 1.45 miles away.
What is the neighborhood like?
The 93117 zip area has a population of 57,913, and 45% of the families have children. The median age is 22.2 years and 66% commute by car. The most popular housing type is "single detached" and 62% is renter.
Based on information from the bridgeMLS as of 05-15-2024. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Listing last updated on: Jun 29, 2023
Verhouse Last checked 5 minutes ago
The closest grocery stores are Indo China Market, 1.38 miles away and Albertsons, 1.45 miles away.
The 93117 zip area has a population of 57,913, and 45% of the families have children. The median age is 22.2 years and 66% commute by car. The most popular housing type is "single detached" and 62% is renter.
*Neighborhood & street median sales price are calculated over sold properties over the last 6 months.
