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$4,500,000 Sale Pending

  • For Sale
  • Pending
  • Multi-Family
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2 adjacent parcels each with an extra-large oceanfront duplex, representing an opportunity for fantastic cash flow in perhaps the most captive student tenant micro-market in the country. Over 40,000 UC Santa Barbara and City College students compete to try and rent only ~80 oceanfront buildings on Del Playa. Current rents are ~20%-30% below what a renovated building could bring in, for example a $100/SF surface renovation of the total ~4,739+/-SF, could up the cap rate to ~6.5% incl. reno costs. Fronted by a grandfathered seawall for better bluff stability, and there remains ~67 linear feet of property to the street for long-term re-development value. Rented to June 2023 rents listed are actual, Offering Memorandum and floorplans in Documents. Don't miss this value opportunity!

Full Property Details for 6745-6747 Del Playa Dr

General

  • Price: $4,500,000
  • HOA FEE: $27,500
  • Status: Pending
  • Type: Multi-Family
  • Source: SBAOR
  • MLS ID: 22-1553
  • Updated: 2/10/2026
  • Added to Site: 1, 385 day(s) ago

Location

  • Area: 30 - SB/GOL SOUTH
  • County: Santa Barbara
  • Cross Streets: Camino Lindo

School Information

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

Structural Information

  • Foundation: Slab
  • Year Built: 1967
  • Property Condition: Good, Average

Lot Features

  • Lot Features: Near Public Transit
  • Zoning: Other

Financial Considerations

  • Maint. Fee: $27,500
  • Maint. Fee/Month: $27,500
  • Terms: Cash, Conventional

Disclosures and Reports

  • Reports: Other
  • Property ID: 075-193-045

Listed by Berkshire Hathaway HomeServices California Properties

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— 6745-6747 Del Playa Dr —

  • Berkshire Hathaway HomeServices California Properties

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with our affiliated lender
NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Price & Sales History for 6745-6747 Del Playa Dr Get Price Alerts and Save Property

Date
Details
Price
Change
Source
5/14/2022
Listed
$4,500,000
73.08%
MLS
9/23/2020
Sold
$2,600,000
—
Public Record
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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 6745-6747 Del Playa Dr

Year
Property Taxes
Change
Tax Assessment
Change
2025
$17,913
3%
$1,364,945
2%
2024
$17,395
3%
$1,338,182
2%
2023
$16,934
2%
$1,311,944
2%
2022
$16,545
2%
$1,286,220
2%
2021
$16,224
3%
$1,261,000
2%
2020
$15,724
2%
$1,238,578
2%
2019
$15,449
2%
$1,214,293
2%
2018
$15,168
2%
$1,190,484
2%
2017
$14,873
4%
$1,167,142
2%
2016
$14,368
1%
$1,144,258
2%
2015
$14,252
108%
$1,127,071
2%
2013
$6,858
—
$1,104,994
162%
2013
$6,858
—
$421,690
—
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Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Berkshire Hathaway HomeServices California Properties

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6745-6747 Del Playa Drive, Isla Vista, CA 93117 (MLS# 22-1553) is a Multi-Family property with 4 units containing 0 bedrooms and 0 full bathrooms. 6745-6747 Del Playa Drive is currently listed for $4,500,000 and was received on May 14, 2022. Want to learn more about 6745-6747 Del Playa Drive? Do you have questions about finding other Multi-Family real estate for sale in Isla Vista? You can browse all Isla Vista real estate or contact a Coldwell Banker agent to request more information.

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