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

$3,800,000

—

Bed

—

Bath

4,128

Sq Ft

Multi-Family

Active

Listed by

Ken Switzer

Berkshire Hathaway HomeServices California Properties

Last updated:

September 30, 2026, 03:21 PM

MLS#

26-3236

Source:

SBAOR

About This Home

6745-6747 Del Playa Drive

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.

Home Facts

Multi-Family

Built in 1967

Price Summary

3,800,000

$920 per Sq. Ft.

MLS #:

26-3236

Last Updated:

September 30, 2026, 03:21 PM

Added:

9 day(s) ago

Rooms & Interior

Interior

Living Area:

4,128 Sq. Ft.

Structure

Structure

Year Built:

1967

Lot

Lot Size (Sq. Ft):

13,503

Finances & Disclosures

Finances

Price:

$3,800,000

Price per Sq. Ft:

$920 per Sq. Ft.

Source:SBAOR
Based on information from the Santa Barbara MLS as of October 3, 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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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.