6745-6747 Del Playa Drive, Isla Vista, CA 93117 - Berkshire Hathaway HomeServices California Properties

2 adjacent parcels each with an extra-large oceanfront duplex, representing an opportunity for fantastic cash flow in perhaps the most captive student tenant micro-market in the country. Over 40,000 UC Santa Barbara and City College students compete to try and rent only ~80 oceanfront buildings on Del Playa. Current rents are ~20%-30% below what a renovated building could bring in, for example a $100/SF surface renovation of the total ~4,739+/-SF, could up the cap rate to ~6.5% incl. reno costs. Fronted by a grandfathered seawall for better bluff stability, and there remains ~67 linear feet of property to the street for long-term re-development value. Rented to June 2023 rents listed are actual, Offering Memorandum and floorplans in Documents. Don't miss this value opportunity!

Property type: (Residential Income)

Status: Pending

MLS# 22-1553

List price is $4,500,000

Beds: 0

Baths: 0

Built in 1967

2 stories

0.00 acres

Lot size: 0.0000

County: Santa Barbara

Zoning: Other

Lot description: Near Public Transit

MLS area: 30 - SB/GOL SOUTH

Last Updated: 6/17/2025

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This listing belongs to the 30 - SB/GOL SOUTH MLS area

Lat/Long: 34.409346, -119.864503.
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Listing Agent: Ken Switzer
Lic#: 01276603
Office Name: Tustin
Broker: Berkshire Hathaway HomeServices CA Properties

No schools were found in the area

Total population of , which has changed by % since 1990.
The median age of the population is , while the median age of dwellings is .
Out of households, are families.

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