6757 Del Playa Drive

    Isla Vista, CA 93117
    • $1,625,000
    • STATUS: Active
    • ON SITE: 125 days
    • ID#: SR18117562
    Price Reduced
    UPDATED: 56 min ago
    $1,625,000
    • 0
      BEDS
    • 0.32
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,532
      SQFT
    • $642
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    2007
    County:

    School Ratings & Info

    Description

    PRICE REDUCED TO 7% CURRENT CAP RATE. An exceptional price. Landlord leaving the State. Beach Front Del Playa Apartments is a well maintained 2-unit (16 Bed) student housing duplex that consists of a 2-story building in the neighborhood of Isla Vista, California. At a current monthly income of $13,350, the 2,532 square foot property offers two units with 4 bedrooms each, totaling 16 beds on a 13,939 square foot lot. Built in 2007 and renovated in 2018, the property offers spectacular ocean views, large back patio, ample parking and is adjacent to UC Santa Barbara.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-09-21T17:35:28.49. 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.
    www.pismohomes.com/homes/83736533

    6757 Del Playa Drive Isla Vista, CA 93117

    • Price: $1,625,000
    • Status: Active
    • Updated: 56 min ago
    • ID#: SR18117562
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.32
    Acres
    2,532
    SQFT
    $642
    $/SQFT
    2007
    Built
    Neighborhood:
    ISLA - Isla Vista
    County:
    Santa Barbara
    Area:
    ISLA - Isla Vista
    Property Description
    PRICE REDUCED TO 7% CURRENT CAP RATE. An exceptional price. Landlord leaving the State. Beach Front Del Playa Apartments is a well maintained 2-unit (16 Bed) student housing duplex that consists of a 2-story building in the neighborhood of Isla Vista, California. At a current monthly income of $13,350, the 2,532 square foot property offers two units with 4 bedrooms each, totaling 16 beds on a 13,939 square foot lot. Built in 2007 and renovated in 2018, the property offers spectacular ocean views, large back patio, ample parking and is adjacent to UC Santa Barbara.
    Exterior Features

    Garage Spaces 0.00 Lot Features Level With StreetLot 10000-19999 Sqft Lot Size Source Assessor Lot Size Units Square Feet Parking Features Assigned Parking Total 12.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN No

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls No Common Walls Laundry Features None Levels Two

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Community Features SidewalksStreet Lighting Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 1000.00 Gross Income 162600.00 Gross Scheduled Income 162600.00 Insurance Expense 1817.00 Land Lease YN No Laundry YN No Maintenance Expense 8130.00 Net Operating Income 113677.00 New Taxes Expense 19188.00 Number Of Separate Electric Meters 2 Number Of Separate Gas Meters 2 Number Of Separate Water Meters 1 Operating Expense 44045.00 Other Expense 2500.00 Other Expense Description Contract Other Income1 2400.00 Professional Management Expense 6911.00 Rent Control YN No Senior Community YN No Special Listing Conditions Standard Total Expenses 44695.00 Trash Expense 1500.00 Water Sewer Expense 2000.00 Water Source Public Year Built Source Assessor Zoning Sr-M-8

    Listing provided courtesy of Warren Berzack of Lee & Associates.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-09-21T17:35:28.49. 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.
     
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