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
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.
More Information MLS# 17-3615
Location Info
Country: US
Compass Map: Santa Barbara
Map Grid: E13
Cross Street: El Embarcadero Rd.
District: 30 - SB/GOL SOUTH
Street #: 6561
Street Name: Del Playa
Street Suffix: Drive
State: CA
Postal Code: 93117
County: Santa Barbara
Parcel Number: 075-213-017
Contract Info
Buyers Agent $/%: 1
Current Price: $76,000,000
Price: 79024950
Begin Date: 2017-10-27
Status: Closed
Property Information
Year Built: 0
Recurring Fees: No
Number of Units: 66
Neighborhood/Schools
Elementary School: Other
Junior High School: Other
High School: Other
Owner Info
Deposit: 0
Remarks
Hot Sheet Comment: new
Proximity
Near Bus: 1
Near Ocean: 1
Near School(s): 1
Unit 1
# Units: 66
# Bedrooms: 0
# Baths: 0
# Half Baths: 0
Furnished: N
Rent: 503550
Monthly Total: 503550
Income/Expenses
Total Monthly Income: 503550
Gross Rent Multiplr: 13.34
Capitalization Rate: 5.22%
NOI: 4124712
Zoning
SR: 1
Other: 1
Terms
Cash: 1
OTHER/CLA: 1
Listing Type
ER: 1
Status Information
Sold Date: 2018-05-01
Sold Price: $76,000,000
Under Contract Date: 2017-12-12
Property Features
Proximity: Near Bus; Near Ocean; Near School(s)
Zoning: SR; Other
Terms: Cash; OTHER/CLA
Listing Type: ER
Confidentiality Agreement for Broker ›
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.