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$ 1,950,000
Est. payment | /mo
3 Beds
2 Baths
4,971 Sqft Lot
$ 1,950,000
Est. payment | /mo
3 Beds
2 Baths
4,971 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID V1-37183
Bedrooms 3
Lot Size 4,971 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
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 additonal income at this location.
Location
State CA
County Santa Barbara
Zoning Public Rec
Direction Head west on El Colegio Rd towards Isla Vista. Turn left onto Camino Del Sur, continue until you reach Del Playa Dr. Turn right
Interior
Fireplace No
Exterior
View Y/N No
Others
Senior Community No
Tax ID 075201028
Acceptable Financing Cash, Conventional, Exchange, FHA, VA
Listing Terms Cash, Conventional, Exchange, FHA, VA
Listed by Michael Lopus, DRE#01970736 Colliers International
NEARBY SCHOOL & BUSINESS
8322 Clairemont Mesa Blvd Suite 206, Diego, California, 92111, United States