6757 Del Playa Drive, ISLA VISTA, CA 93117
$750,000
Property Type:
Land
Lot Size (sq. ft.):
13,939
Status:
Closed
Current Price:
$750,000
List Date:
4/06/2021
Last Modified:
12/03/2021
Description
Consider this rare development opportunity in the highest-demand location within one of the country's most desirable off-campus student housing markets. Located on the oceanfront bluffs of Del Playa near to UC Santa Barbara, this parcel is priced at lot value for redevelopment. An existing duplex has blufftop retreat, where the best proposition is to re-build using existing water and development rights, in a secure footprint further away from the blufftop. With rental comparables at $1200-$1300 per month per bed for newly renovated apartments on Del Playa oceanfront, an investor/developer can realize a substantial profit over market for either hold or re-sale purposes. See conceptual plans, pro-forma, other details and video link in Offering Memorandum at www.DelPlayaDevelopmentParcel.com
More Information MLS# 21-1231
Location Info
District: 30 - SB/GOL SOUTH
Street #: 6757
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: 075-193-032
Cross Street: Camino Corto
Contract Info
Current Price: $750,000
Price: 995000
Financing: Owner
Buyers Agent $/%: 2.5
Begin Date: 2021-04-05
Status: Closed
Status Information
Sold Date: 2021-12-01
Sold Price: $750,000
Under Contract Date: 2021-08-27
Property Information
TYP: Res Multi-Unit
Apx Lot SqFt: 13939
Neighborhood/Schools
Neighborhood: Other
Elementary School: Isla Vista
Junior High School: Gol Valley
High School: Dos Pueblos
Remarks
COVID Showing Remarks: Berkshire Hathaway HomeServices California Properties has adopted the CAR Mandatory Government Showing Requirements & Best Practices Guidelines & Prevention Plan (BPPP). Prior to showing, electronically send to listing agent, CAR PEAD-V form signed by all visitors. Visitors to property must agree to the Posted Rules for Entry (PRE) included in the MLS supplements. Masks required.
Directions: Camino Corto to the ocean, then turn left on Del Playa, 6757 is on the right.
Hot Sheet Comment: new
Owner Info
Deposit: 3
Property Features
Miscellaneous: Buildable
Location/Topo: Oceanfront
View: Ocean; Panoramic
Site Improvements: Public
Water/Sewer: Goleta Wtr
Proximity: Near Bus; Near Ocean; Near Park(s); Near School(s)
Reports Available: Other
Zoning: Other
Terms: Cash; Ctnl; OMC 1st
Listing Type: ER
Contingent Remarks: OTHER; REPORTS
Documents
Offering Memorandum (unbranded) ›Listing Office: Berkshire Hathaway HomeServices California Properties
Last Updated: December - 03 - 2021
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