6745-6747 Del Playa Drive, ISLA VISTA, CA 93117 (MLS# 26-3236)

6745-6747 Del Playa Drive, ISLA VISTA, CA 93117

New Listing

$3,800,000

Property Type: Res Inc Square Footage: 4,128 Lot Size (sq. ft.): 13,503 Status: Active

Current Price: $3,800,000 List Date: 9/24/2026 Last Modified: 9/24/2026

Overview

Description

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.

Listing Details MLS# 26-3236

Location Info

District: 30 - SB/GOL SOUTH
Street #: 6745-6747
Street Name: Del Playa
Street Suffix: Drive
State: CA
Country: US
Postal Code: 93117
Compass Map: Santa Barbara
Map Grid: E13
County: Santa Barbara
Parcel Nbr: 075-193-044
Cross Street: Camino Corto

Contract Info

Price: 3800000
Begin Date: 2026-09-24

Property Information

Number of Units: 4
Stories: 2
Year Built: 1967
Main House SqFt: 4128
Apx # Acres: 0.31
Apx Lot SqFt: 13503
Recurring Fees: No

Remarks

Hot Sheet Comment: new

Owner Info

Deposit: 3
Deposit Type: %

Miscellaneous

Parking Spaces: 12

More Information

Unit 1

# Units: Yes
# Bedrooms: 4
# Baths: 2
Rent: 11250
Monthly Total: 8200

Unit 2

# Units: Yes
# Bedrooms: 4
# Baths: 2
Rent: 9800
Monthly Total: 8000

Unit 3

# Units: Yes
# Bedrooms: 3
# Baths: 2
Rent: 8250
Monthly Total: 8200

Unit 4

# Units: Yes
# Bedrooms: 3
# Baths: 2
Rent: 8100
Monthly Total: 6500

Meters

Sep Meter Wtr: N
Sep Meter Elec: Y

Parking Info

Total # Unconvered Spaces: 12

Property Features

Condition: Good; Average Foundation: Slab Proximity: Near Bus; Near Ocean; Near Park(s); Near School(s) Amenities: Beach Front Owner Provides: Water; Trash Zoning: Other Reports Available: Other Terms: Cash; Conventional Listing Type: ER Contingent Remarks: HOME INSPECTN; LOAN APPROVAL; REPORTS

Documents

Offering Memorandum (unbranded) ›

Site Plan ›

Listing Office: Berkshire Hathaway HomeServices California Properties

Last Updated: September - 24 - 2026

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