$2,650,000
SOLD SEP 1, 2023

6697 Del Playa Dr Goleta, CA 93117

-- Bed
-- Bath
2,109 Sq Ft
10,454 Sq Ft Lot

Recently Sold

$1,257 Per Sq Ft

11% Below List Price

142 Days on Market

Highlights

  • Property is near an ocean
  • Property is near a park
  • Property is in excellent condition
  • Isla Vista Elementary School Rated A
  • Vinyl Plank Flooring
  • 1-minute walk to Window to the Sea Park

About This Home

As of September 2023

**Set back 36 feet from bluff and recently renovated!**6697 Del Playa Dr. is a fantastic student housing property consisting of 2 units set near UCSB in the college beach community of Isla Vista. This property has an amazing setting being directly next to the only ocean stairway on the block, allowing easy access for tenants to enjoy surfing & other activities. The Main House consists of 3bd/2bth & has recently undergone major renovations which include wood flooring, cabinets, quartz countertops & new appliances. The original garage has been converted into a studio and is outfitted with modern appliances & contemporary finishes. Thanks to the property's ideal location, tenants can enjoy prime ocean views & sounds of the waves. This property sits at the end of the heavily trafficked 6600 block, making it a more relaxed location for students, though still very close to campus and nearby amenities. Tenants pay their own utilities.
NOTE: The building is set 36 feet from the bluff as per the 2020 Geological report and there is no corrective action necessary at this time. As per the Isla Vista Bluff Policy, the property structure needs to be set back a minimum of 20 feet from the bluff to comply with the building code.

*Rent entered into MLS is for 2023-2024 School Year

Last Agent to Sell the Property

Steve Golis

Radius Group Commercial R.E. License #00772218 Listed on: 03/15/2023

Radius Group Commercial R.E.

Last Buyer's Agent

Ann Rasmussen

Bell Tower Realtors License #01818392

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $28,720

Year Built

  • Built in 1975

Lot Details

  • 10,454 Sq Ft Lot
  • Property is in excellent condition

Interior Spaces

  • 2,109 Sq Ft Home
  • Vinyl Plank Flooring

Parking

  • 6 Parking Spaces
  • Uncovered Parking

Outdoor Features

  • Property is near an ocean

Location

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

Community Details

  • 2 Units
  • Net Operating Income $140,343

Listing and Financial Details

  • Assessor Parcel Number 075-202-001

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$28,720

Year Built

Built in 1975

Lot Details

0

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1975
  • Capitalization Rate: 5.06
  • Gross Rent Multiplier: 14.04
  • Monthly Income: 12400.0
  • Miscellaneous Parking Spaces: 6.0
  • ResoLotFeatures: Near Public Transit
  • Reso Flooring: Wood/Laminate
  • New Construction: No
  • Reso Property Condition: Excellent
  • Property Information Year Built2: 1975
  • NeighborhoodSchools Elementary School: Other
  • NeighborhoodSchools Junior High School: Other
  • NeighborhoodSchools High School: Other
  • Parking Info Uncovered: Yes
  • Condition Excellent: Yes
  • Proximity Near Ocean2: Yes
  • Proximity Near Park(s)2: Yes
  • Proximity Near School(s)2: Yes
  • Property Information Main House SqFt: 2109.0
  • Property Information Apx Lot SqFt: 10454.0
  • Proximity Near Bus: Yes
  • FlrWdw Coverings WoodLaminate2: Yes
  • IncomeExpenses NOI2: 140343
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Acres: 0.24

Garage/Parking

  • Parking Features: Uncovered
  • Total Parking Spaces: 6.0

Schools

  • Elementary School: Other
  • High School: Other
  • Middle Or Junior School: Other

Lot Info

  • Parcel #: 075-202-001
  • Zoning: Other
  • Lot Size Sq Ft: 10454.0

Multi Family

  • Number Of Units Total: 2
  • Total Actual Rent: 12400.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 15, 2023
Closed on
Aug 9, 2023
Sold by
Windward Real Estate Holdings Llc
Bought by
Del Playa 5 Llc
Seller's Agent
Steve Golis
Radius Group Commercial R.E.
Buyer's Agent
Ann Rasmussen
Bell Tower Realtors
List Price
$2,975,000
Sold Price
$2,650,000
Premium/Discount to List
-$325,000
-10.92%
Views
319
Current Estimated Value
$2,560,745

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$89,255
Avg. Annual Appreciation
-0.66%

Purchase Details

Listed on
Aug 27, 2020
Closed on
Nov 10, 2020
Sold by
Jones Donald G and Jones Stephaniel
Bought by
Windward Real Estate Holdings Llc
Seller's Agent
Steve Golis
Radius Group Commercial R.E.
Buyer's Agent
Steve Golis
Radius Group Commercial R.E.
List Price
$1,495,000
Sold Price
$1,385,000
Premium/Discount to List
-$110,000
-7.36%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
26.18%
Original Mortgage
$950,000
Interest Rate
2.8%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Grant Deed $2,650,000 First American Title
Grant Deed $1,385,000 First American Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $950,000 Purchase Money Mortgage
Previous Owner $633,750 Unknown
Previous Owner $264,000 Unknown
Previous Owner $263,700 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/01/2023 09/01/23 Sold $2,650,000 -4.5% $1,257 / Sq Ft
08/04/2023 08/04/23 Pending -- -- --
05/24/2023 05/24/23 Price Changed $2,775,000 -6.7% $1,316 / Sq Ft
03/15/2023 03/15/23 For Sale $2,975,000 +114.8% $1,411 / Sq Ft
11/17/2020 11/17/20 Sold $1,385,000 -7.4% $836 / Sq Ft
09/14/2020 09/14/20 Pending -- -- --
08/27/2020 08/27/20 For Sale $1,495,000 -- $903 / Sq Ft
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
2023 $28,720 $1,540,954 $832,320 $708,634
2022 $15,681 $1,412,700 $816,000 $596,700
2021 $15,412 $1,385,000 $800,000 $585,000
2020 $6,873 $588,311 $258,845 $329,466
2019 $6,751 $576,796 $253,770 $323,026
2018 $6,628 $565,507 $248,795 $316,712
2017 $6,500 $554,439 $243,917 $310,522
2016 $6,304 $543,588 $239,135 $304,453
2014 $6,114 $524,971 $230,930 $294,041
Source: Public Records

Agents Affiliated with this Home

  • Steve Golis

    Seller's Agent in 2023

    Steve Golis

    Radius Group Commercial R.E.

    (805) 879-9624

    15 in this area

    94 Total Sales

    Steve Golis
    Section Image

  • A

    Buyer's Agent in 2023

    Ann Rasmussen

    Bell Tower Realtors

    (805) 705-3865

    2 in this area

    20 Total Sales

    Ann Rasmussen
    Section Image

  • B

    Buyer Co-Listing Agent in 2020

    Brian Johnson

    Radius Group Commercial R.E.

See All Agents

Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 23-670

Santa Barbara Multiple Listing Service

APN: 075-202-001

California Santa Barbara County Goleta 93117

6697 Del Playa Dr, Goleta, CA

This home is located at 6697 Del Playa Dr, Goleta, CA 93117 and is currently priced at $2,650,000, approximately $1,256 per square foot. This property was built in 1975. 6697 Del Playa Dr is a home located in Santa Barbara County with nearby schools including Isla Vista Elementary School, Goleta Valley Junior High School, and Dos Pueblos Senior High School.

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