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

Isla Vista
Local realty services provided by:Better Homes and Gardens Real Estate Property Shoppe
6745-6747 Del Playa Drive,Isla Vista, CA 93117
$3,800,000
  • - Beds
  • - Baths
  • 4,128 sq. ft.
  • Multi-family
  • Active
Listed by: ken switzer
Office: berkshire hathaway homeservices california properties
MLS#:26-3236
Source:SBAOR

Price summary

  • Price:$3,800,000
  • Price per sq. ft.:$920.54

About this home

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.

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Home facts

  • Year built:1967
  • Listing ID #:26-3236
  • Added:2 day(s) ago
  • Updated:September 27, 2026 at 02:37 PM

Rooms and interior

  • Living area:4,128 sq. ft.

Structure and exterior

  • Year built:1967
  • Building area:4,128 sq. ft.
  • Lot area:0.31 Acres
  • Lot Features:Near Public Transit
  • Foundation Description:Slab

Schools

  • High school:Dos Pueblos
  • Middle school:Gol Valley
  • Elementary school:Isla Vista

Finances and disclosures

  • Price:$3,800,000
  • Price per sq. ft.:$920.54
Based on information from the Santa Barbara MLS as of September 27, 2026 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.

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