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$3,800,000

  • For Sale
  • Active
  • Multi-Family
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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.

Full Property Details for 6745-6747 Del Playa Dr

General

  • Price: $3,800,000
  • HOA FEE: $24,937
  • Status: Active
  • Type: Multi-Family
  • Source: SBAOR
  • MLS ID: 26-3236
  • Updated: 9/24/2026
  • Added to Site: 19 day(s) ago

Location

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

School Information

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

Structural Information

  • Foundation: Slab
  • Square Feet: 4,128
  • Living Area: 4,128 Sq. Ft.
  • Year Built: 1967
  • Property Condition: Good, Average

Lot Features

  • Lot Size (Acres): 0.31
  • Lot Size (Sq. Ft.): 13,503
  • Lot Size: 13503
  • Lot Features: Near Public Transit
  • Zoning: Other

Financial Considerations

  • Maint. Fee: $24,937
  • Maint. Fee/Month: $24,937
  • Terms: Cash, Conventional

Disclosures and Reports

  • Reports: Other
  • Property ID: 075-193-044

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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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
9/24/2026
Listed
$3,800,000
46.15%
MLS
9/23/2020
Sold
$2,600,000
—
Public Record
Get Price Alerts and Save Property
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%
$1,392,243
2%
2024
$17,395
—
$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
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 6745-6747 Del Playa Dr

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*These costs are estimates, and the interest rates assume exceptional credit standing.

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NMLS#: 1598647

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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# 26-3236) is a Multi-Family property with 4 units containing 0 bedrooms and 0 full bathrooms. 6745-6747 Del Playa Drive is currently listed for $3,800,000 and was received on September 24, 2026. 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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