$1,895,000
SOLD DEC 18, 2024

6640 Del Playa Dr Goleta, CA 93117

-- Bed
-- Bath
-- Sq Ft
6,534 Sq Ft Lot

Recently Sold

17 Days on Market

Highlights

  • Property is near an ocean
  • Property is near a park
  • 2-minute walk to Camino Pescadero Park
  • Isla Vista Elementary School Rated A

About This Home

As of December 2024

Exceptional student housing opportunity located along the mountain side of Del Playa Drive, just two-and-a-half blocks from UCSB's campus and within easy walking distance of the restaurants, shops and amenities of Isla Vista's ''Loop.'' This 100%-leased duplex is being offered at a 4.89% Cap Rate on 2024-2025 rents with significant upside potential for the 2025-2026 school year. The property consists of a two large 2BD/2BA units each with an extra room that's utilized as a third single occupancy bedroom. There's also onsite laundry and off-street parking for four cars.

Last Agent to Sell the Property

Christos Celmayster

Hayes Commercial Group License #01342996

Co-Listed By

Rob Adams

Hayes Commercial Group License #01344315

Last Buyer's Agent

David Marchetti

Village Properties - 1 License #02007487

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,216

Parking

  • 4 Parking Spaces
  • 2 Carport Spaces

Location

  • Property is near a park
  • Property is near public transit
  • Property is near schools
  • Property is near shops
  • Property is near a bus stop

Schools

  • Isla Vista Elementary School
  • Gol Valley Middle School
  • Dos Pueblos High School

Utilities

  • Shared Gas Meter
  • Individual Gas Meter

Additional Features

  • 2-Story Property
  • Property is near an ocean
  • 6,534 Sq Ft Lot

Listing and Financial Details

  • The owner pays for trash collection, water
  • Assessor Parcel Number 075-201-041
  • Seller Concessions Offered
  • Seller Will Consider Concessions

Community Details

Overview

  • 2 Units

Building Details

  • Operating Expense $43,276
  • Gross Income $141,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,216

Lot Details

0

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 65
  • Income Expenses Annual Income: 141600.0
  • Capitalization Rate: 4.89
  • Income Expenses Cash Flow: 92660.0
  • Gross Rent Multiplier: 13.38
  • Annual Expenses: 43276.0
  • Monthly Income: 11800.0
  • Meters Sep Meter Elec: N
  • Meters Sep Meter Gas: Yes
  • Miscellaneous Parking Spaces: 4.0
  • Building Stories: 2
  • ResoLaundryFeatures: Other
  • ResoLotFeatures: Near Public Transit
  • Co List Office Mls Id: bhc
  • Co List Office Phone: 805-563-2111
  • Property Information Year Built2: 65
  • NeighborhoodSchools Elementary School: Isla Vista
  • NeighborhoodSchools Junior High School: Gol Valley
  • NeighborhoodSchools High School: Dos Pueblos
  • Parking Info Carport2: Yes
  • Parking Info Total # Carport Spaces2: 2.0
  • Proximity Near Ocean2: Yes
  • Proximity Near Park(s)2: Yes
  • Proximity Near School(s)2: Yes
  • Proximity Near Shopping2: Yes
  • Property Information Apx Lot SqFt: 6534.0
  • Proximity Near Bus: Yes
  • General Property Information Stories2: 2.0
  • Income Expenses Actual: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Exterior Features

  • Acres: 0.15

Garage/Parking

  • Parking Features: Carport
  • Total Parking Spaces: 4.0

Schools

  • Elementary School: Isla Vista
  • High School: Dos Pueblos
  • Middle Or Junior School: Gol Valley

Lot Info

  • Parcel #: 075-201-041
  • Zoning: Other
  • Lot Size Sq Ft: 6534.0

Rental Info

  • Owner Pays: Other, Trash Collection, Water

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 141600.0
  • Annual Operating Expense: 43276.0
  • Total Actual Rent: 11800.0

Map

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/18/2024 12/18/24 Sold $1,895,000 0.0% --
11/22/2024 11/22/24 Pending -- -- --
11/05/2024 11/05/24 For Sale $1,895,000 -- --
Source: Santa Barbara Multiple Listing Service

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $3,216 $129,548 $32,181 $97,367
2023 $3,216 $127,008 $31,550 $95,458
2022 $2,854 $124,519 $30,932 $93,587
2021 $2,795 $122,078 $30,326 $91,752
2020 $2,745 $120,828 $30,016 $90,812
2019 $2,708 $118,460 $29,428 $89,032
2018 $2,669 $116,138 $28,851 $87,287
2017 $2,589 $113,862 $28,286 $85,576
2016 $2,453 $111,631 $27,732 $83,899
2014 $2,346 $107,802 $26,781 $81,021
Source: Public Records

Deed History

Date Type Sale Price Title Company
Grant Deed $1,895,000 Fidelity National Title
Grant Deed $1,895,000 Fidelity National Title
Source: Public Records

Source: Santa Barbara Multiple Listing Service

MLS Number: 24-3646

Santa Barbara Multiple Listing Service

APN: 075-201-041

California Santa Barbara County Goleta 93117

6640 Del Playa Dr, Goleta, CA

Homes for Sale in Goleta, CA

This home is located at 6640 Del Playa Dr, Goleta, CA 93117 and is currently priced at $1,895,000. 6640 Del Playa Dr is a home located in Santa Barbara County with nearby schools including Isla Vista Elementary School, Goleta Valley Junior High School, and Dos Pueblos Senior High School.

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