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Student Housing Asset Near UCSB Campus 6553 Del Playa Dr 1 Unit Apartment Building $1,600,000 ($1,600,000/Unit) 5.73% Cap Rate Goleta, CA 93117
INVESTMENT HIGHLIGHTS
- Oceanfront student housing property with panoramic Pacific views
- Private balcony and fully fenced outdoor areas that enhance livability
- May be purchased as a part of three property portfolio including 6670 Sueno Rd and 6730 Sabado Tarde Rd, also near the university.
- Significant 27 foot coastal bluff setback that reduces erosion concerns
- Located in a supply constrained micro market defined by persistent demand
EXECUTIVE SUMMARY
Quintessential Isla Vista oceanfront home located on the highly desirable Del Playa Drive. This well-maintained property features 4 bedrooms / 2.5 baths, plus a bonus loft ideal for an additional sleeping area. The exterior showcases charming nautical vibes and offers four parking spaces. The largest upstairs bedroom includes a private balcony with sweeping Pacific Ocean views, while the large, fully fenced patio enhances safety, which is ideal for students. Unlike many oceanfront Del Playa properties, this home has a significant 27’ setback from the cliff edge, helping to mitigate immediate erosion concerns. Just three houses from Pelican Park and a short walk or bike ride to UCSB, as well as Isla Vista’s restaurants and shops, this property offers the perfect blend of location, safety, and coastal living
PROPERTY FACTS
| Price | $1,600,000 | Apartment Style | Low-Rise |
| Price Per Unit | $1,600,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 5.73% | Building Size | 6,098 SF |
| No. Units | 1 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1988 |
| Zoning | SR-M-8 | ||
| Price | $1,600,000 |
| Price Per Unit | $1,600,000 |
| Sale Type | Investment |
| Cap Rate | 5.73% |
| No. Units | 1 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 6,098 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1988 |
| Zoning | SR-M-8 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 4+2.5 | 1 | - | - |
1 1
Walk Score®
Very Walkable (75)
Bike Score®
Very Bikeable (77)
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Student Housing Asset Near UCSB Campus | 6553 Del Playa Dr
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