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6561 Del Playa Drive, ISLA VISTA, CA 93117

$76,000,000
Property Type: Res Inc Status: Closed
Current Price: $76,000,000 List Date: 10/27/2017 Last Modified: 9/15/2024

Overview

Description

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.

Listing Details MLS# 17-3615

Location Info

District
30 - SB/GOL SOUTH
Street #
6561
Street Name
Del Playa
Street Suffix
Drive
State
CA
Country
US
Postal Code
93117
Compass Map
Santa Barbara
Map Grid
E13
County
Santa Barbara
Parcel Number
075-213-017
Cross Street
El Embarcadero Rd.

Contract Info

Price
79024950
Buyers Agent $/%
Yes
Begin Date
2017-10-27

Status Information

Sold Date
2018-05-01
Under Contract Date
2017-12-12

Property Information

Number of Units
66
Recurring Fees
No
Year Built
0

Remarks

Hot Sheet Comment
new

Unit 1

# Units
66
Furnished
N
Rent
503550
Monthly Total
503550
# Bedrooms
0
# Baths
0
# Half Baths
0

More Information

Neighborhood/Schools

Elementary School
Other
Junior High School
Other
High School
Other

Owner Info

Deposit
0

Proximity

Near Bus
Yes
Near Ocean
Yes
Near School(s)
Yes

Income/Expenses

Total Monthly Income
503550
Gross Rent Multiplr
13.34
Capitalization Rate
5.22%
NOI
4124712

Zoning

SR
Yes
Other
Yes

Terms

Cash
Yes
OTHER/CLA
Yes

Listing Type

ER
Yes

Property Features

Proximity: Near Bus; Near Ocean; Near School(s) Zoning: SR; Other Terms: Cash; OTHER/CLA Listing Type: ER
IDX
Listing Office: Radius Group Commercial R.E.
Last Updated: September - 15 - 2024
The data relating to real estate for sale on this web site comes from the Internet Data Exchange Program of the Santa Barbara Multiple Listing Service. Real estate listings held by brokerage firms other than the displaying broker(s) are marked with the 'MLS' logo and detailed information about them includes the name of the listing brokers. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor displaying broker shall be responsible for any typographical errors, misinformation, or misprints. 2015 Santa Barbara Multiple Listing Service. All rights reserved.

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