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  • 6745-6747 Del Playa Drive

6745-6747 Del Playa Drive, Isla Vista, CA 93117

$3,800,000 Approx. USD 0 beds, 0 baths

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The Keaty Team REALTOR® - Sales Associate 714-608-3298 m
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Lic#: 01276603
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Lic#: 01276603
NRDS ID: 187514104
thekeatyteam@bhhscal.com Tustin Office
18302 Irvine Blvd, Suite 240
Tustin, CA 92780
Phone: 714-832-8800
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 Tustin 18302 Irvine Blvd, Suite 240
Tustin, CA 92780
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Ken Switzer | KSwitzer@bhhscal.com
Lic#: 01245644
Broker: Courtesy of Berkshire Hathaway HomeServices California Properties

Agent Remarks

Great cash flow Isla Vista student rental investment opportunity, in a mitigated oceanfront property with newly-completed cutback, safety fencing and seawall protection. The 2 adjacent duplexes feature large 3-bedroom and 4-bedroom units with spectacular front-row ocean views, large decks and lots of off-street parking. Most importantly, this property is one of the deepest lots on Del Playa, with ~67 feet of remaining depth from building to the street lot line, allowing for long-term viability of the investment. Estimated existing capitalization rate is in the mid-8%'s with market rents starting in June 2027 estimated to bring the cap rate over 9%, Buyer to verify. Current annual income at $452K, more details in unbranded Offering Memorandum under Documents.

Listing Details

Property type: (Multi-Family)
Status: Active
MLS# 26-3236
Price: $3,800,000
Beds: 0
Baths: 0
Built in 1967
2 stories
13503.00 acres
Lot size: 0.3100
County: Santa Barbara
Zoning: Other
Lot description: Near Public Transit
MLS area: 30 - SB/GOL SOUTH

Last Updated: 10/5/2026

 Days On Market (DOM): 11

 Find more ISLA VISTA homes and real estate

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This listing belongs to the 30 - SB/GOL SOUTH MLS area

Lat/Long: 34.409349, -119.864502.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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