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6516 Del Playa Dr 2 Unit Apartment Building $3,182,297 CAD ($1,591,149 CAD/Unit) 6.07% Cap Rate Isla Vista, CA 93117
Investment Highlights
- Fully leased two-unit property generating approximately $17,000 in monthly rental income.
- Located in Isla Vista’s established student housing corridor near UCSB.
- Close to beaches, local amenities, and major transportation routes.
- Includes a main 3BD/2BA residence and a 3BD/3BA accessory dwelling unit.
- Positioned in a high-demand rental market with consistent occupancy trends.
Executive Summary
Discover an exceptional coastal investment property located on the highly coveted Del Playa Drive in Isla Vista. With unobstructed ocean views, strong rental demand, and
unmatched proximity to UCSB, 6516 Del Playa presents a rare opportunity to own a premier asset in one of California’s most resilient and sought-after rental markets.
unmatched proximity to UCSB, 6516 Del Playa presents a rare opportunity to own a premier asset in one of California’s most resilient and sought-after rental markets.
Property Facts
| Price | $3,182,297 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $1,591,149 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.10 AC |
| Cap Rate | 6.07% | Building Size | 1,877 SF |
| No. Units | 2 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1989 |
| Property Subtype | Apartment | ||
| Zoning | SRM18 | ||
| Price | $3,182,297 CAD |
| Price Per Unit | $1,591,149 CAD |
| Sale Type | Investment |
| Cap Rate | 6.07% |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.10 AC |
| Building Size | 1,877 SF |
| No. Stories | 2 |
| Year Built | 1989 |
| Zoning | SRM18 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 1 | $13,687 CAD | - |
| 3+3 | 1 | $9,581 CAD | - |
1 1
Walk Score®
Very Walkable (78)
Bike Score®
Biker's Paradise (100)
Property Taxes
| Parcel Number | 075-222-019 | Improvements Assessment | $428,405 CAD |
| Land Assessment | $846,270 CAD | Total Assessment | $1,274,675 CAD |
Property Taxes
Parcel Number
075-222-019
Land Assessment
$846,270 CAD
Improvements Assessment
$428,405 CAD
Total Assessment
$1,274,675 CAD
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6516 Del Playa Dr
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