NOT LISTED FOR SALE

6633 Del Playa Dr Goleta, CA 93117

Estimated Value: $1,896,000 - $3,694,000

6 Beds
6 Baths
4,622 Sq Ft
$578/Sq Ft Est. Value

Last Sold August 04, 2017

Last sale price $4,250,000 $920 Per Sq Ft

Est. 37% decrease in value since last sale

Current estimated payment $15,936/month

118 Days on Market

Highlights

  • 4 Car Garage
  • Isla Vista Elementary School Rated A
  • 1-minute walk to Camino Pescadero Park

About This Home

As of August 2017

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

Last Agent to Sell the Property

Steve Golis

Radius Group Commercial Real Estate,Inc. License #00772218 Listed on: 03/02/2017

Last Buyer's Agent

Steve Golis

Radius Group Commercial Real Estate,Inc. License #00772218 Listed on: 03/02/2017

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2008

Lot Details

  • 0.3 Acre Lot

Interior Spaces

  • 4,622 Sq Ft Home
  • 2-Story Property
  • Gas And Electric Dryer Hookup

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Bathrooms

Parking

  • 4 Car Garage
  • 4 Carport Spaces

Community Details

  • 2 Buildings
  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 075-202-055

Property Details

Home Type

Multi-Family

Year Built

Built in 2008

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: Yes
  • Living Area: 4622
  • Stories: 2
  • Year Built: 2008
  • State Abbrv: CA
  • Special Features: RealEstateOwned
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 6
  • Total Bathrooms: 6.00
  • Equipment: Gas Or Electric Dryer Hookup
  • Price Per S Q F T: 973.60

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Carport Spaces: 4
  • Parking Garage: Garage
  • Total Parking: 4

Lot Info

  • Assessor Parcel Number: 075-202-055
  • Geocode Override: No
  • Lot Size Area: 13068

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 15.56
  • Number Of Units: 2
  • Rent Control: 0
  • Type Of Units: 1

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
$2,670,584

Purchase Details

Listed on
Mar 2, 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
Steve Golis
Radius Group Commercial Real Estate,Inc.
Buyer's Agent
Steve Golis
Radius Group Commercial Real Estate,Inc.
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
-5.34%
Original Mortgage
$2,516,000
Interest Rate
3.9%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 10, 2015
Sold by
Lebowitz Marc
Bought by
M&A Del Playa Llc

Purchase Details

Closed on
May 27, 2015
Sold by
Lebowitz Deanne J
Bought by
Lebowitz Marc

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
Lebowitz Marc

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
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
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
Lebowitz Marc -- Chicago Title Company
Lebowitz Marc $1,625,000 Chicago Title Company
Dp Partners Llc -- First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gelb James M $2,516,000
Previous Owner Lebowitz Marc $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% $920 / Sq Ft
06/28/2017 06/28/17 Pending -- -- --
03/02/2017 03/02/17 For Sale $4,500,000 -- $974 / Sq Ft
Source: The MLS

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 $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

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Map

Source: The MLS

MLS Number: 17-222226

The MLS

APN: 075-202-055