NOT LISTED FOR SALE

6561 Del Playa Dr Goleta, CA 93117

Studio
-- 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, schools, and bus stop
  • 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

Additional Features

  • Property is near an ocean
  • Property is near public transit, schools, and 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

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
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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 List to Sale Price per Sq Ft
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

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
2025 $65,659 $5,801,787 $2,478,190 $3,323,597
2023 $65,659 $5,576,499 $2,381,960 $3,194,539
2022 $62,597 $5,467,156 $2,335,255 $3,131,901
2021 $61,521 $5,359,958 $2,289,466 $3,070,492
2020 $59,928 $5,304,999 $2,265,991 $3,039,008
2019 $58,852 $5,200,980 $2,221,560 $2,979,420
2018 $38,996 $3,294,963 $1,501,305 $1,793,658
2017 $38,225 $3,230,425 $1,471,868 $1,758,557
2016 $36,930 $3,167,153 $1,443,008 $1,724,145
2014 $35,821 $3,058,594 $1,393,492 $1,665,102
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 17-3615

Santa Barbara Multiple Listing Service
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