ResidentialIncome — 6648 Del Playa Drive, Goleta, CA
$1,950,000
6648 Del Playa Drive, Goleta, CA
About this property
6648 Del Playa Drive, a trophy value add opportunity in the heart of Del Playa, the center of the action in Isla Vista and the address every UC Santa Barbara student wants. Sitting in the most active stretch of the street and a short walk from campus, the property offers an ownership position in a fully built out, coastal constrained submarket where new supply does not come to market and demand never lets up. The play is location and a clear income lift rather than current yield. Held under the same ownership for more than 50 years, the asset operates in place as a three bed two bath home has the ability to add an ADU to create additonal income at this location.
Property details
Location
6648 Del Playa Drive • Goleta, CA 93117
Listed by
Michael Lopus · Colliers International