6648 Del Playa Dr - Residential Income FOR SALE


Goleta, CA 93117- Isla Vista
$1,950,000 USD
805-680-8806
6648 Del Playa Dr, Goleta, CA for Sale
$1,950,000 USD
Residential Income - FOR SALE
1/22
null | Request Cap Rate

6648 Del Playa Dr
Goleta, CA 93117
Isla Vista


HIGHLIGHTS

  • Garage conversion potention
  • ADU potential
  • Tenants pay ALL Utilities

OVERVIEW

Colliers is pleased to present 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 additional income at this location.

FOR SALE DETAILS

PRICE

$1,950,000 USD

PRICE/SF

$1,765 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Residential Income

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1954

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,791 SF

ZONING

SR-M-18

APN/PARCEL ID

075-201-028

ASK ABOUT THIS PROPERTY

Mike LopusColliersMore Info
805-680-8806

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Mike LopusColliersMore Info
805-680-8806

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.