NOT LISTED FOR SALE

6561 Del Playa Dr Goleta, CA 93117

Isla Vista Area
Studio
-- Bath
-- Sq Ft
-- Built

Sale Details

Date Sold: May 1, 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

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

Listed on
Oct 27, 2017
Closed on
Apr 20, 2018
Sold by
Bought by
Seller's Agent
Steve Golis
Radius Group Commercial R.E.
Buyer's Agent
Steve Golis
Radius Group Commercial R.E.
List Price
$79,024,950
Sold Price
$76,000,000
Premium/Discount to List
-$3,024,950
-3.83%

Purchase Details

Closed on
Mar 5, 2010
Sold by
Bought by

Purchase Details

Closed on
Aug 25, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,058,000
Interest Rate
0.06%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 19, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,058,000
Interest Rate
0.06%
Mortgage Type
Commercial
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

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
$5,279,500 First American Title Co
-- None Available
-- Fidelity National Title Co
-- --
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
Closed --
Previous Owner $3,710,000
Previous Owner $2,950,000
Previous Owner $2,058,000
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
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

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 $67,551 $5,917,821 $2,527,753 $3,390,068
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

  • Steve Golis

    Seller's Agent in 2018

    Steve Golis

    Radius Group Commercial R.E.

    (805) 879-9624

    94 Total Sales

    Steve Golis
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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

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