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
District: 30 - SB/GOL SOUTH
Street #: 6561
Street Name: Del Playa
Street Suffix: Drive
State/Province: CA
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
Current Price: $76,000,000
Price: 79024950
Buyers Agent $/%: 1
Begin Date: 2017-10-27
Status: Closed
Status Information
Sold Date: 2018-05-01
Sold Price: $76,000,000
Under Contract Date: 2017-12-12
Property Information
Number of Units: 66
Recurring Fees: No
Neighborhood/Schools
Elementary School: Other
Junior High School: Other
High School: Other
Remarks
Hot Sheet Comment: new
Unit 1
# Units: 66
Furnished: N
Rent: 503550
Monthly Total: 503550
Income/Expenses
Total Monthly Income: 503550
Gross Rent Multiplr: 13.34
Capitalization Rate: 5.22%
NOI: 4124712
Property Features
Proximity: Near Bus; Near Ocean; Near School(s)
Zoning: SR; Other
Terms: Cash; OTHER/CLA
Listing Type: ER
Listing Office: Radius Group Commercial R.E.
Last Updated: September - 15 - 2024
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