PRICE REDUCED. MOTIVATED SELLER. BRING ALL OFFERS!TRUE 7% CAP RATE ON CURRENT INCOMETRUE 9.95 GRM ON CURRENT INCOMEDel Playa Apartments is a well maintained 4-unit (30 Bed) student housing complex that consists of two 2-story buildings in the neighborhood of Isla Vista, California. Set on a combined 13,503 square foot lot, the 4,800 combined square foot property offers 15 bedrooms with a total of 30 beds at a current monthly income of $27,010. Built in 1967, the properties are non-rent-controlled, adjacent to UC Santa Barbara, have spectacular ocean views, updated kitchens and bathrooms, balconies, large living rooms, ample storage and parking.
|Area||30 - SB/GOL SOUTH|
|Elementary School||Isla Vista|
|Junior High School||Gol Valley|
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