NOT LISTED FOR SALE

6565 Del Playa Dr Goleta, CA 93117

Estimated Value: $1,536,271 - $1,676,000

5 Beds
3 Baths
-- Sq Ft
6,534 Sq Ft Lot

Last Sold November 01, 2024

Last sale price $1,540,000

Est. 4% increase in value since last sale

Current estimated payment $8,732/month

17 Days on Market

Highlights

  • Property is near an ocean
  • Property is near a park
  • 2-minute walk to Camino Pescadero Park
  • Isla Vista Elementary School Rated A
  • Laundry Room

About This Home

As of November 2024

A top the bluffs in one of the best Isla Vista locations is this exceptional student housing opportunity which is located just one-and-one-half blocks from UCSB's campus and within easy walking distance of the restaurants, shops and amenities of IV's ''Loop''. This 100% leased duplex is being offered at a 6.0% Cap Rate on 2024-2025 rents with significant upside potential for the 2025-2026 school year. The building consists of a 4BD/2BA townhouse unit with unobstructed views, a large Studio unit, onsite laundry room, and off-street parking for four cars. Improvements including cliff cutback (2011), dual pane windows (2011), tankless water heater (2019), new main electrical panel and plugs, and extensive site drainage.

Last Agent to Sell the Property

Christos Celmayster

Hayes Commercial Group License #01342996 Listed on: 08/29/2024

Co-Listed By

Rob Adams

Hayes Commercial Group License #01344315

Last Buyer's Agent

Ken Switzer

Berkshire Hathaway HomeServices California Properties License #01245644

Berkshire Hathaway HomeServices California Properties

Property Details

Home Type

  • Multi-Family

Lot Details

  • 6,534

Interior Spaces

  • 2-Story Property
  • Laundry Room

Parking

  • 2 Open Parking Spaces
  • 4 Parking Spaces
  • 2 Carport Spaces

Location

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

Schools

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

Additional Features

  • Property is near an ocean
  • 6,534 Sq Ft Lot
  • Individual Gas Meter

Listing and Financial Details

  • The owner pays for trash collection, water
  • Assessor Parcel Number 075-213-009
  • Seller Considering Concessions

Community Details

Overview

  • 2 Units

Building Details

  • Operating Expense $47,585
  • Gross Income $169,200
  • Net Operating Income $115,493

Property Details

Home Type

Multi-Family

Lot Details

0

Listing Details

  • Prop. Type: ResidentialIncome
  • Income Expenses Annual Income: 169200.0
  • Capitalization Rate: 6%
  • Gross Rent Multiplier: 11.33
  • Annual Expenses: 47585.0
  • Monthly Income: 14100.0
  • Meters Sep Meter Elec: Y
  • Meters Sep Meter Gas: Yes
  • Meters Sep Meter Wtr: N
  • Miscellaneous Parking Spaces: 4.0
  • Building Stories: 2
  • ResoLaundryFeatures: Laundry Room
  • ResoLotFeatures: Near Public Transit
  • Co List Office Mls Id: bhc
  • Co List Office Phone: 805-563-2111
  • NeighborhoodSchools Elementary School: Isla Vista
  • NeighborhoodSchools Junior High School: Gol Valley
  • NeighborhoodSchools High School: Dos Pueblos
  • Parking Info Total # Carport Spaces2: 2.0
  • Parking Info Total # Unconvered Spaces: 2.0
  • Proximity Near Ocean2: Yes
  • Proximity Near Park(s)2: Yes
  • Proximity Near School(s)2: Yes
  • Laundry Laundry Room2: Yes
  • Proximity Near Shopping2: Yes
  • Property Information Apx Lot SqFt: 6534.0
  • Proximity Near Bus: Yes
  • General Property Information Stories2: 2.0
  • IncomeExpenses NOI2: 115493
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Exterior Features

  • Acres: 0.15

Garage/Parking

  • Open Parking Spaces: 2.0
  • Total Parking Spaces: 4.0

Schools

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

Lot Info

  • Parcel #: 075-213-009
  • Zoning: Other
  • Lot Size Sq Ft: 6534.0

Rental Info

  • Owner Pays: Other, Trash Collection, Water

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 169200.0
  • Annual Operating Expense: 47585.0
  • Total Actual Rent: 14100.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 29, 2024
Closed on
Oct 28, 2024
Sold by
6565 Del Playa Drive Llc
Bought by
Cloudburst Llc
Seller's Agent
Christos Celmayster
Hayes Commercial Group
Buyer's Agent
Ken Switzer
Berkshire Hathaway HomeServices California Properties
List Price
$1,925,000
Sold Price
$1,540,000
Premium/Discount to List
-$385,000
-20%
Views
22
Current Estimated Value
$1,597,318

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$57,318
Avg. Annual Appreciation
3.29%

Purchase Details

Closed on
Sep 15, 2014
Sold by
Lorenzen Linda
Bought by
6565 Del Plaza Drive Llc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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

Purchase History

Date Buyer Sale Price Title Company
Cloudburst Llc $1,540,000 Fidelity National Title
6565 Del Plaza Drive Llc -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/01/2024 11/01/24 Sold $1,540,000 -20.0% --
09/15/2024 09/15/24 Pending -- -- --
08/29/2024 08/29/24 For Sale $1,925,000 -- --
Source: Santa Barbara Multiple Listing Service

Tax History Compared to Growth

Source: Public Records

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 $4,060 $1,540,000 $900,000 $640,000
2023 $4,060 $121,131 $58,285 $62,846
2022 $3,660 $118,757 $57,143 $61,614
2021 $3,566 $116,429 $56,023 $60,406
2020 $3,505 $115,236 $55,449 $59,787
2019 $3,457 $112,977 $54,362 $58,615
2018 $3,405 $110,763 $53,297 $57,466
2017 $3,308 $108,592 $52,252 $56,340
2016 $3,009 $106,464 $51,228 $55,236
2014 $2,888 $102,813 $49,471 $53,342
Source: Public Records

Agents Affiliated with this Home

  • Christos Celmayster

    Seller's Agent in 2024

    Christos Celmayster

    Hayes Commercial Group

    (805) 563-2111

    9 in this area

    84 Total Sales

    Christos Celmayster
    Section Image
  • Rob Adams

    Seller Co-Listing Agent in 2024

    Rob Adams

    Hayes Commercial Group

    (805) 563-2111

    8 in this area

    32 Total Sales

    Rob Adams
    Section Image

  • K

    Buyer's Agent in 2024

    Ken Switzer

    Berkshire Hathaway HomeServices California Properties

    (805) 680-4622

    10 in this area

    105 Total Sales

    Ken Switzer
    Section Image
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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 24-2857

Santa Barbara Multiple Listing Service

APN: 075-213-009

California Santa Barbara County Goleta 93117

6565 Del Playa Dr, Goleta, CA

Not Listed for Sale

MultiFamily

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