NOT LISTED FOR SALE

6631 Del Playa Dr Goleta, CA 93117

Estimated Value: $1,981,000 - $2,591,000

6 Beds
6 Baths
2,311 Sq Ft
$1,043/Sq Ft Est. Value

Sale Details

Date Sold: August 4, 2017

Last sale price $4,250,000 $1,839 Per Sq Ft

Est. 43% decrease in value since last sale

Current estimated payment $14,977 / mo

64 Days on Market

Highlights

  • Beach Front
  • Ocean View
  • 1-minute walk to Camino Pescadero Park
  • Isla Vista Elementary School Rated A

About This Home

As of August 2017

Two premiere properties near UCSB, centrally located on the desirable ocean side of Del Playa Drive in Isla Vista. Resting on adjacent parcels, identical 3bd/3ba houses built in 2008stand out as two of the newest and best located properties in the area.Each complete with 2-car garages, granite counters, modern appliancesand gated entry. Large private back yard boasts million dollar views ofthe Pacific Ocean and Channel Islands. Each house sleeps up to 12 generatingstrong cash flow. Houses conform to 75-yr. setback guidelines eliminating cliff erosion concerns. A geological inspection of the properties was conducted 4/1/15 to examine surface conditions of the top of the sea cliff area. See Listing Agents for copy of report. Properties currently leased through 2017/2018 $12,300/mo/

Last Agent to Sell the Property

Lori Zahn

Lori Zahn, Broker License #01914851 Listed on: 04/17/2017

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2008

Lot Details

  • 13,068 Sq Ft Lot
  • Beach Front
  • No Common Walls
  • Land Lease

Parking

  • 4 Car Garage

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Bathrooms

Additional Features

  • Ocean Views
  • No Hot Water

Listing and Financial Details

  • Assessor Parcel Number 075202055

Community Details

Overview

  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Net Operating Income $202,958

Property Details

Home Type

Multi-Family

Year Built

Built in 2008

Lot Details

0.3 Acres

Parking

4

Listing Details

  • CapRate: 4.51
  • Property Attached: No
  • View: Yes
  • Zoning: SR-M-8
  • Property Type: Residential Income
  • Parcel Number: 075202055
  • Year Built: 2008
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Appliances: Yes
  • Levels: One

Exterior Features

  • View: Ocean

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Appliances: No Hot Water

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Land Lease: Yes
  • Lot Size Sq Ft: 13068.00
  • Lot Size Acres: 0.3000

Multi Family

  • Gross Multiplier: 15.56
  • Lot Size Area: 13068.0000 Square Feet
  • Net Operating Income: 202958.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Waterfront Features: Beach Front

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 20, 2018
Sold by
Gelb James M and The James M Gelb Revocable Tru
Bought by
Isla Vista Owner Llc
Current Estimated Value
$2,410,360

Purchase Details

Listed on
Apr 17, 2017
Closed on
Jul 27, 2017
Sold by
M&A Del Playa Llc
Bought by
Gelb James M and 2010 James M Gelb Revocable Tr
Seller's Agent
Lori Zahn
Lori Zahn, Broker
List Price
$4,500,000
Sold Price
$4,250,000
Premium/Discount to List
-$250,000
-5.56%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-6.26%
Original Mortgage
$2,516,000
Interest Rate
3.9%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 9, 2015
Sold by
Stein Adam
Bought by
M&A Del Playa Llc

Purchase Details

Closed on
May 27, 2015
Sold by
Saltzourg Wendy
Bought by
Stein Adam

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,137,500
Interest Rate
2.75%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Apr 4, 2015
Sold by
Dp Partners Llc
Bought by
Stein Adam

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,137,500
Interest Rate
2.75%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jun 26, 2008
Sold by
Enea Robert S
Bought by
Dp Partners Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$725,000
Interest Rate
6.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 2, 2006
Sold by
County Of Santa Barbara
Bought by
Enea Robert S
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

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
Isla Vista Owner Llc $2,125,000 First American Title Co
Gelb James M $4,250,000 First American Title Company
M&A Del Playa Llc -- None Available
Stein Adam -- Chicago Title Company
Stein Adam $1,625,000 Chicago Title Company
Dp Partners Llc -- First American Title Ins Co
Enea Robert S $577,000 Chicago Title
Enea Robert S $577,000 Chicago Title
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 Gelb James M $2,516,000
Previous Owner Stein Adam $1,137,500
Previous Owner Dp Partners Llc $725,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/04/2017 08/04/17 Sold $4,250,000 -5.6% $1,839 / Sq Ft
06/20/2017 06/20/17 Pending -- -- --
04/17/2017 04/17/17 For Sale $4,500,000 -- $1,947 / Sq Ft
Source: Ventura County Regional Data Share

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 $25,311 $2,371,232 $1,109,381 $1,261,851
2023 $25,311 $2,279,155 $1,066,303 $1,212,852
2022 $24,345 $2,234,467 $1,045,396 $1,189,071
2021 $23,931 $2,190,655 $1,024,899 $1,165,756
2020 $23,291 $2,168,193 $1,014,390 $1,153,803
2019 $22,861 $2,125,680 $994,500 $1,131,180
2018 $22,856 $2,125,000 $975,000 $1,150,000
2017 $18,277 $1,682,776 $750,777 $931,999
2016 $17,694 $1,649,781 $736,056 $913,725
2014 -- $1,203,055 $645,874 $557,181
Source: Public Records

Agents Affiliated with this Home

  • Lori Zahn

    Seller's Agent in 2017

    Lori Zahn

    Lori Zahn, Broker

    (805) 626-3150

    2 in this area

    17 Total Sales

    Lori Zahn
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Map

Source: Ventura County Regional Data Share

MLS Number: V0-217004243

Ventura County Regional Data Share

APN: 075-202-056

California Santa Barbara County Goleta 93117

6631 Del Playa Dr, Goleta, CA

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