6745-6747 Del Playa Dr

    Goleta, CA 93117
    • $3,250,000
    • STATUS: Active
    • ON SITE: 321 days
    • MLS #: 17-3629
    Price Reduced
    UPDATED: 52 min ago
    $3,250,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1967
    County:
    Area:

    School Information

    Elementary School:
    Middle School:
    High School:
    Listing provided courtesy of Berz Properties, Inc..

    Description

    PRICE REDUCED. MOTIVATED SELLER. BRING ALL OFFERS!TRUE 7% CAP RATE ON CURRENT INCOMETRUE 9.95 GRM ON CURRENT INCOMEDel Playa Apartments is a well maintained 4-unit (30 Bed) student housing complex that consists of two 2-story buildings in the neighborhood of Isla Vista, California. Set on a combined 13,503 square foot lot, the 4,800 combined square foot property offers 15 bedrooms with a total of 30 beds at a current monthly income of $27,010. Built in 1967, the properties are non-rent-controlled, adjacent to UC Santa Barbara, have spectacular ocean views, updated kitchens and bathrooms, balconies, large living rooms, ample storage and parking.

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    © 2018 Santa Barbara Multiple Listing Service. All rights reserved. Based on information from the Santa Barbara MLS as of 2018-09-18T20:47:24.997. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Data last updated 2018-09-18T20:47:24.997.
    www.theziagroup.com/homes/78353932

    6745-6747 Del Playa Dr Goleta, CA 93117

    • Price: $3,250,000
    • Status: Active
    • Updated: 52 min ago
    • MLS #: 17-3629
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1967
    Built
    Neighborhood:
    SB/Gol South
    County:
    Santa Barbara
    Area:
    SB/Gol South
    Elementary School:
    Isla Vista
    Middle School:
    Gol Valley
    High School:
    Other
    Property Description
    PRICE REDUCED. MOTIVATED SELLER. BRING ALL OFFERS!TRUE 7% CAP RATE ON CURRENT INCOMETRUE 9.95 GRM ON CURRENT INCOMEDel Playa Apartments is a well maintained 4-unit (30 Bed) student housing complex that consists of two 2-story buildings in the neighborhood of Isla Vista, California. Set on a combined 13,503 square foot lot, the 4,800 combined square foot property offers 15 bedrooms with a total of 30 beds at a current monthly income of $27,010. Built in 1967, the properties are non-rent-controlled, adjacent to UC Santa Barbara, have spectacular ocean views, updated kitchens and bathrooms, balconies, large living rooms, ample storage and parking.
    Exterior Features

    Approximate Lot Size 13503 Parking Information StreetUncovered Parking Spaces 12.00

    Interior Features

    Amenities Beach FrontDeckPatioRefrigerator Laundry Some Refrigerators 4.00 Unit1 Baths 2.00 Unit1 Bedrooms 4.00 Unit1 Half Baths 0.00 Unit2 Baths 2.00 Unit2 Bedrooms 4.00 Unit3 Baths 2.00 Unit3 Bedrooms 4.00 Unit4 Baths 2.00 Unit4 Bedrooms 4.00

    Property Features

    Condition Good Cross Street Del Playa Deposit 3.00 Exchange Yes Foundation Slab Income Expenses Annual Income 326520.00 Income Expenses Capitalization Rate 6.55 Income Expenses Gross Rent Multiplier 10.57 Income Expenses NOI 225844 Income Expenses Other Income 2400.00 Income Expenses Total Annual Exp 90880.00 Income Expenses Total Monthly Income 27010.00 Meters Separate Meter Electric Yes Meters Separate Meter Gas Yes Owner Provides TrashWater Pets Yes Proximity Near BusNear OceanNear Park(S)Near School(S)Near Shopping Stoves 4.00 Terms CashCtnl Unit1 Lease Unit1 Furnished No Unit1 Monthly Total 6825.00 Unit1 Rent 6825.00 Unit1 Units 1.00 Unit2 Lease Unit2 Monthly Total 7100.00 Unit2 Rent 7100.00 Unit2 Units 1.00 Unit3 Lease Unit3 Monthly Total 5985.00 Unit3 Rent 5985.00 Unit3 Units 1.00 Unit4 Lease Unit4 Monthly Total 7100.00 Unit4 Rent 7100.00 Unit4 Units 1.00 Zoning R-2

    Listing information © 2018 Santa Barbara MLS
    Listing provided courtesy of Berz Properties, Inc..



    © 2018 Santa Barbara Multiple Listing Service. All rights reserved. Based on information from the Santa Barbara MLS as of 2018-09-18T20:47:24.997. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Data last updated 2018-09-18T20:47:24.997.
     
    The Zia Group
    1435 Anacapa Street
    Santa Barbara CA, 93101
    Listing provided courtesy of Berz Properties, Inc..