NOT LISTED FOR SALE

6551 Del Playa Dr Goleta, CA 93117

Isla Vista Area

Estimated Value: $2,449,462 - $3,510,000

4 Beds
4 Baths
2,113 Sq Ft
$1,318/Sq Ft Est. Value

Sale Details

Date Sold: September 28, 2017

Last sale price $2,160,000 $1,022 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $17,522 / mo

15 Days on Market

Highlights

  • Beach Front
  • Property is near an ocean
  • Property is near park, schools, and shops
  • Isla Vista Elementary School Rated A
  • Deck
  • 2-minute walk to Pelican Park

About This Home

As of September 2017

Highly sought after ocean front cash machine with a panoramic ocean/island views and protected by neighboring seawalls. This residence is highly desirable and has a long history of zero vacancy factor. Located in perhaps the best location on Del Playa, directly next to beach access stairs, and near shops/restaurants. Property is currently leased at $13,900 per month. Also available with 6549 Del Playa.

Last Agent to Sell the Property

Chris Jones

Berkshire Hathaway HomeServices California Properties License #01383462 Listed on: 07/11/2017

Berkshire Hathaway HomeServices California Properties

Last Buyer's Agent

Chris Jones

Berkshire Hathaway HomeServices California Properties

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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Average Value
Not Available
List Price
Sold Price
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1996

Lot Details

  • Beach Front
  • Property is in good condition

Parking

  • Open Parking

Home Design

  • Slab Foundation

Interior Spaces

  • 2-Story Property
  • Laundry in unit

Flooring

  • Carpet
  • Tile

Outdoor Features

  • Property is near an ocean
  • Deck

Location

  • Property is near park, schools, and shops

Schools

  • Isla Vista Elementary School
  • Gol Valley Middle School
  • Dos Pueblos High School

Listing and Financial Details

  • Assessor Parcel Number 075-213-016

Community Details

Pet Policy

  • No Pets Allowed

Building Details

  • Insurance Expense $831
  • Maintenance Expense $2,500
  • Operating Expense $2,500
  • Gross Income $168,800
  • Net Operating Income $138,719

Property Details

Home Type

Multi-Family

Year Built

Built in 1996

Lot Details

6,098 Sq Ft Lot

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1996
  • Income Expenses Annual Income: 168800.0
  • Capitalization Rate: 6.17
  • Gross Rent Multiplier: 13.4
  • Maintenance Expense: 2500.0
  • Annual Expenses: 2500.0
  • Monthly Expense: 200.0
  • Monthly Income: 13900.0
  • Building Stories: 2
  • ResoLaundryFeatures: In Unit
  • Income And Expenses Maintenance Expense: 2500.0
  • Subdivision Name: Other
  • Reso Flooring: Carpet, Tile
  • New Construction: No
  • Reso Property Condition: Good
  • Property Information Year Built2: 1996
  • NeighborhoodSchools Elementary School: Isla Vista
  • NeighborhoodSchools Junior High School: Gol Valley
  • NeighborhoodSchools High School: Dos Pueblos
  • Condo:Laundry in Unit: Yes
  • Foundation:Slab: Yes
  • Proximity Near Ocean2: Yes
  • Proximity Near Park(s)2: Yes
  • Proximity Near School(s)2: Yes
  • FlrWdw Coverings Tile3: Yes
  • Proximity Near Shopping2: Yes
  • Condition Good2: Yes
  • FlrWdw Coverings Carpet: Yes
  • General Property Information Stories2: 2.0
  • Pets No8: Yes
  • Amenities Deck2: Yes
  • Amenities Beach Front: Yes
  • IncomeExpenses NOI2: 138719
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Exterior Features

  • Foundation Details: Slab

Garage/Parking

  • Open Parking: Yes
  • Parking Features: Unc #4

Schools

  • Elementary School: Isla Vista
  • High School: Dos Pueblos
  • Middle Or Junior School: Gol Valley

Lot Info

  • Parcel #: 075-213-016
  • Zoning: Other

Multi Family

  • Number Of Units Total: 1
  • Annual Gross Income: 168800.0
  • Insurance Expense: 831.0
  • Annual Operating Expense: 2500.0
  • Total Actual Rent: 13900.0

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 17, 2020
Sold by
Cohen Chad D and The Cohen Trust
Bought by
Current Estimated Value
$2,768,537

Purchase Details

Closed on
Oct 17, 2019
Sold by
Hollywood Asset Ca Llc
Bought by
Cohen Chad D and The Cohen Trust

Purchase Details

Listed on
Jul 11, 2017
Closed on
Sep 26, 2017
Sold by
Cohen Chad D and Cohen Trust
Bought by
Hollywood Asset Ca Llc
Seller's Agent
Chris Jones
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Chris Jones
Berkshire Hathaway HomeServices California Properties
List Price
$2,250,000
Sold Price
$2,160,000
Premium/Discount to List
-$90,000
-4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.88%
Original Mortgage
$1,593,750
Interest Rate
4.12%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Jul 11, 2017
Closed on
Sep 11, 2017
Sold by
Gilson Michael W
Bought by
Cohen Chad D and Cohen Trust
Seller's Agent
Chris Jones
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Chris Jones
Berkshire Hathaway HomeServices California Properties
List Price
$2,250,000
Sold Price
$2,160,000
Premium/Discount to List
-$90,000
-4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,593,750
Interest Rate
4.12%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jun 3, 1999
Sold by
Camilla Meldahl
Bought by
Gilson Michael W

Purchase Details

Closed on
May 26, 1999
Sold by
Elliott Robert R and Elliott Esther
Bought by
Meldahl Camilla

Purchase Details

Closed on
Jun 5, 1995
Sold by
Eshaghian Massoud and Eshaghian Mahvash
Bought by
Meldahl Camilla
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Goleta, CA

  • Tiffany Dore Real Estate Agent - Village Properties

    Tiffany Dore

    Village Properties

    (805) 324-6641

    23 Total Sales

    1 in Isla Vista

    $1,090,000 Price

    Tiffany Dore
     Section Image
  • Tamra Van Order Real Estate Agent - Keller Williams Realty Santa Barbara

    Tamra Van Order

    Responds Quickly

    Keller Williams Realty Santa Barbara

    (805) 308-6428

    32 Total Sales

    4 in Isla Vista

    $835K - $1.8M Price Range

    Tamra Van Order
     Section Image
  • Lisa Lee Real Estate Agent - Berkshire Hathaway HomeServices California Properties

    Lisa Lee

    Berkshire Hathaway HomeServices California Properties

    (805) 892-6322

    18 Total Sales

    1 in Isla Vista

    $945,000 Price

    Lisa Lee
     Section Image
  • Kevin Goodwin Real Estate Agent - Goodwin & Thyne Properties

    Kevin Goodwin

    Responds Quickly

    Goodwin & Thyne Properties

    (805) 979-2658

    49 Total Sales

    1 in Isla Vista

    $1,750,000 Price

    Kevin Goodwin
     Section Image
  • Summer Knight Real Estate Agent - Sun Coast Real Estate

    Summer Knight

    Responds Quickly

    Sun Coast Real Estate

    (805) 335-6908

    139 Total Sales

    11 in Isla Vista

    $875K - $2.7M Price Range

    Summer Knight
     Section Image
  • Leslie Miller Real Estate Agent - Vylla Home

    Leslie Miller

    Vylla Home

    (424) 417-6864

    19 Total Sales

    3 in Isla Vista

    $525K - $650K Price Range

    Leslie Miller
     Section Image
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Available
Cohen Chad D -- None Available
Hollywood Asset Ca Llc -- None Available
Cohen Chad D $2,160,000 First American Title Company
Gilson Michael W -- Fidelity National Title Co
Meldahl Camilla -- Fidelity National Title
Meldahl Camilla $54,000 Santa Barbara Title Company
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $1,527,500
Previous Owner Cohen Chad D $1,593,750
Previous Owner Gilson Michael W $660,000
Previous Owner Gilson Michael W $100,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
09/28/2017 09/28/17 Sold $2,160,000 -4.0% $1,022 / Sq Ft
07/25/2017 07/25/17 Pending -- -- --
07/10/2017 07/10/17 For Sale $2,250,000 -- $1,065 / Sq Ft
Source: Santa Barbara Multiple Listing Service

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2026 $26,946 $2,506,858 $1,624,817 $882,041
2025 $26,360 $2,457,705 $1,592,958 $864,747
2023 $26,360 $2,362,271 $1,531,102 $831,169
2022 $25,358 $2,315,953 $1,501,081 $814,872
2021 $24,925 $2,270,544 $1,471,649 $798,895
2020 $24,259 $2,247,264 $1,456,560 $790,704
2019 $23,812 $2,203,200 $1,428,000 $775,200
2018 $23,362 $2,160,000 $1,400,000 $760,000
2017 $7,196 $607,846 $202,612 $405,234
2016 $6,908 $595,929 $198,640 $397,289
2015 $6,804 $586,979 $195,657 $391,322
2014 -- $575,482 $191,825 $383,657
Source: Public Records

Agents Affiliated with this Home

  • CJ

    Seller's Agent in 2017

    Chris Jones

    Berkshire Hathaway HomeServices California Properties

    33 Total Sales

    Chris Jones
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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 17-2312

Santa Barbara Multiple Listing Service

APN: 075-213-016

California Santa Barbara County Goleta 93117

6551 Del Playa Dr, Goleta, CA

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