Log In/Sign Up
Your email has been sent.
Rare "Mountain-side" Del Playa Duplex 6516 Del Playa Dr 2 Unit Apartment Building $2,325,000 ($1,162,500/Unit) 6.07% Cap Rate Isla Vista, CA 93117
Investment Highlights
- Fully leased two-unit property generating approximately $17,000 in monthly rental income.
- Located in Isla Vista’s established student housing corridor near UCSB.
- Close to beaches, local amenities, and major transportation routes.
- Includes a main 3BD/2BA residence and a 3BD/3BA accessory dwelling unit.
- Positioned in a high-demand rental market with consistent occupancy trends.
Executive Summary
Discover an exceptional coastal investment property located on the highly coveted Del Playa Drive in Isla Vista. With unobstructed ocean views, strong rental demand, and
unmatched proximity to UCSB, 6516 Del Playa presents a rare opportunity to own a premier asset in one of California’s most resilient and sought-after rental markets.
unmatched proximity to UCSB, 6516 Del Playa presents a rare opportunity to own a premier asset in one of California’s most resilient and sought-after rental markets.
Property Facts In Escrow
| Price | $2,325,000 | Apartment Style | Low-Rise |
| Price Per Unit | $1,162,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.10 AC |
| Cap Rate | 6.07% | Building Size | 1,877 SF |
| No. Units | 2 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1989/2026 |
| Property Subtype | Apartment | ||
| Zoning | SRM18 | ||
| Price | $2,325,000 |
| Price Per Unit | $1,162,500 |
| Sale Type | Investment |
| Cap Rate | 6.07% |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.10 AC |
| Building Size | 1,877 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1989/2026 |
| Zoning | SRM18 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 1 | $10,000 | - |
| 3+3 | 1 | $7,000 | - |
1 1
Somewhat walkable
30/100
Very drivable
80/100
Limited public transit
30/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 075-222-019 | Improvements Assessment | $310,281 |
| Land Assessment | $612,928 | Total Assessment | $923,209 |
Property Taxes
Parcel Number
075-222-019
Land Assessment
$612,928
Improvements Assessment
$310,281
Total Assessment
$923,209
1 of 25
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
Rare "Mountain-side" Del Playa Duplex | 6516 Del Playa Dr
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.