Isla Vista, CA 93117
Isla Vista, CA 93117
Isla Vista, CA 93117
Isla Vista, CA 93117
Isla Vista, CA 93117
Isla Vista, CA 93117
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$5,850,000

$5,950,000

1.7%
Est.Price: ?

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Est. payment /mo

7,525 SqFt


SOLD DATE : 08/12/2022

Key Details

Sold Price $5,850,000

Property Type Single Family Home

Listing Status Sold

Purchase Type For Sale

Square Footage 7,525 sqft

Price per Sqft $777

Subdivision 30 - University Village

MLS Listing ID 22-616

Sold Date 08/12/22

Year Built 1968

Lot Size 0.300 Acres

Acres 0.3

Lot Dimensions 13068.0

Source Santa Barbara Multiple Listing Service

Property Description

This wonderful, extensively remodeled triplex is located on the ocean side of Del Playa Drive, which runs along Isla Vista's bluff top and remains the most sought after street for student housing in this UCSB adjacent community. Isla Vista is one of the country's most beautiful places to live, work and attend school, and this area of the community commands higher rents and is the first to lease up annually.

Leases are typically signed nine (9) months prior to expiration for the following school year. This triplex has (1) 5 bedroom/2 bathroom, (1) 6 bedroom/3 bathroom, and (1) 6 bedroom/4 bathroom. The units have multiple refrigerators, dishwashers, granite counters, stainless appliances, common laundry with 2 washers/2 dryers and an oversized patio to enjoy sweeping ocean views. Recent capital improvements include new plumbing and heating along with a roof system that is just 3 years old. The property has been reconfigured and sits approximately 30' from the cliff. There are also building plans that add 5 additional rooms over the parking lot! They were approved and the current seller decided not to proceed as tenants were in place. A new owner would just need to resubmit the plan for processing and permitting.

PLEASE DO NOT DISTURB THE OCCUPANTS.

Location

State CA

County Santa Barbara

Community 30 - University Village

Interior

Heating Other

Laundry Bldg

Exterior

Parking Features Uncovered

Building

Lot Description Near Public Transit

New Construction No

Others

Acceptable Financing Cash, Ctnl

Listing Terms Cash, Ctnl

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Listed by Radius Group Commercial R.E.

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Name

Phone*

Message

Lorena Regalado

+1(805) 403-1270

lorena@home-ed.co