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6561 Del Playa Drive, ISLA VISTA, CA 93117

$79,024,950
Property Type: Res Inc Status: Closed
Current Price: $76,000,000 List Date: 10/27/2017 Last Modified: 4/17/2019

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: April - 17 - 2019
6561 Del Playa Drive, ISLA VISTA, CA 93117- MLS# 17-3615
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

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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