NOT LISTED FOR SALE

6561 Del Playa Dr Goleta, CA 93117

-- Bed
-- Bath
-- Sq Ft
-- Built

Last Sold May 01, 2018

Last sale price $76,000,000

46 Days on Market

Highlights

  • Property is near an ocean
  • Property is near public transit
  • 2-minute walk to Little Acorn Park
  • Isla Vista Elementary School Rated A

About This Home

As of May 2018

This premier, 37 property portfolio offers a rare mix of single family, duplex, 4-plex and larger multifamily properties located on Del Playa Drive in Isla Vista, CA. Del Playa runs along the ocean bluffs adjacent to the University of California at Santa Barbara and remains the most sought after street for student housing in the community.Portfolio offers 66 units that house 564 students. PLEASE SEE DOCUMENTS FOR CONFIDENTIALITY AGREEMENT. SIGN AND RETURN TO LISTING AGENT TO VIEW FULL OFFERING MEMORANDUM.

Last Agent to Sell the Property

Steve Golis

Radius Group Commercial R.E. License #00772218 Listed on: 10/27/2017

Radius Group Commercial R.E.

Last Buyer's Agent

Steve Golis

Radius Group Commercial R.E. License #00772218 Listed on: 10/27/2017

Radius Group Commercial R.E.

Property Details

Home Type

  • Multi-Family

Outdoor Features

  • Property is near an ocean

Location

  • Property is near public transit
  • Property is near schools
  • Property is near a bus stop

Community Details

  • 66 Units
  • Net Operating Income $4,124,712

Listing and Financial Details

  • Assessor Parcel Number 075-213-017

Property Details

Home Type

Multi-Family

Lot Details

0

Listing Details

  • Prop. Type: ResidentialIncome
  • Capitalization Rate: 5.22%
  • Gross Rent Multiplier: 13.34
  • Monthly Income: 503550.0
  • ResoLotFeatures: Near Public Transit
  • NeighborhoodSchools Elementary School: Other
  • NeighborhoodSchools Junior High School: Other
  • NeighborhoodSchools High School: Other
  • Proximity Near Ocean2: Yes
  • Proximity Near School(s)2: Yes
  • Proximity Near Bus: Yes
  • IncomeExpenses NOI2: 4124712
  • Special Features: None
  • Property Sub Type: MultiFamily

Schools

  • Elementary School: Other
  • High School: Other
  • Middle Or Junior School: Other

Lot Info

  • Parcel #: 075-213-017
  • Zoning: Other, SR

Multi Family

  • Number Of Units Total: 66
  • Total Actual Rent: 503550.0

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/01/2018 05/01/18 Sold $76,000,000 -3.8% --
12/12/2017 12/12/17 Pending -- -- --
10/27/2017 10/27/17 For Sale $79,024,950 -- --
Source: Santa Barbara Multiple Listing Service

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Steve Golis

    Seller's Agent in 2018

    Steve Golis

    Radius Group Commercial R.E.

    (805) 879-9624

    15 in this area

    94 Total Sales

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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 17-3615

Santa Barbara Multiple Listing Service

California Santa Barbara County Goleta 93117

6561 Del Playa Dr, Goleta, CA

This home is located at 6561 Del Playa Dr, Goleta, CA 93117 since 27 October 2017. 6561 Del Playa Dr is a home located in Santa Barbara County with nearby schools including Isla Vista Elementary School, Goleta Valley Junior High School, and Dos Pueblos Senior High School.

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