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Closed
- Listed price
- $1,700,000
- Listed Jan 16, 2023
- Sold price
- $1,600,000
- Sold Jun 21, 2023
4,791 sqft lot|1965 Built|51 MLS days on market
6712 Del Playa Dr, Isla Vista, CA 93117
Property Description
This duplex offers a prime location in the premium student housing market of Isla Vista. With the main UCSB campus just blocks away and the ocean bluffs across the street, this property provides outstanding investment fundamentals and the very best of the coastal college lifestyle. The property consists of two 2 bed + 1 bath units on a large parcel with an entertainer's backyard for the ground-floor unit and a large view deck over a two-car garage for the upper unit. Located on the coveted Del Playa Drive across the street from the bluffs and Rottapel Park and featuring ocean views. The property is part of a four-property student housing portfolio that is also for sale, consisting of 28 residential units and 3 commercial units. The asset is in the heart of Isla Vista, the high-demand student community adjacent to UCSB, with very high barriers to entry for new development, rental vacancy of around 2%, and exceptional upside. UCSB is a top-tier university of approximately 25,000 students, ranked #7 among public universities in US News & World Report (2023) with a 29% freshman acceptance rate in 2022. PROPERTY PRICE: $1,700,000 ($850,000 per unit) CURRENT CAP RATE & GRM: 3.07% | 19.14 PROFORMA CAP RATE & GRM: 3.53% | 17.49 PARCEL NUMBER (APN): 075-191-028 BUILDING SIZE: 1,792 SF LOT SIZE: 4,791 SF | 0.11 Acres UNITS: 2 Residential Units (Two 2 Bed + 1 Bath) AVERAGE UNIT SIZE: 896 SF PARKING: 2 Car Garage + 3 Uncovered Spaces ZONING: SR-M-18
Listing agent: Christos CelmaysterDRE #01342996christos@hayescommercial.com, Listing office: Hayes Commercial Group, Inc.
MLS data updated 10/30/2026, 2:23:29 PM PT
Source: CRMLSMLS #: SC23060064
Belmont insights
Price & property history
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Last recorded sale$1,600,000
Jun 21, 2023
Available records22023
From MLS recordsActual listing and closing events
Prices use the left axis; mortgage rates use the right. Hover, tap, or focus the chart and use the arrow keys. Red SOLD badges mark recorded sales.
This home · nearest recorded event
$1,600,000Closed sale · Jun 21, 2023ZIP 93117 · Jun 2023
No monthly averageAt least 3 eligible sales in this month are required.30-year fixed mortgage benchmark
No weekly rateNo published rate within 7 days of this date.This home · 2 price recordsJan 16, 2023 – Jun 21, 2023
ZIP 93117 · same property typeThis MLS property type has no exact comparison group.
Freddie Mac · national weekly ratesLoading mortgage-rate history…
Recorded sales in this period (1)
ZIP averages use publicly displayable closed sales from our licensed MLS feed, matched to the same ZIP and exact property type. Months with fewer than 3 sales are omitted; the current month is incomplete. Lines connect available monthly observations across gaps and do not represent measured prices in missing months. These averages are not adjusted for size, condition, or location within the ZIP, and are not an appraisal. Feed coverage may not include every sale. All available shows the available home and ZIP history, with mortgage rates over the same dates.
Mortgage benchmark: Freddie Mac Primary Mortgage Market Survey®. © Freddie Mac. Weekly national 30-year fixed rates, not APRs or a loan quote. Actual terms vary. Methodology changed in November 2022. The chart does not establish that interest-rate changes caused a home’s price changes.
Lines connect recorded asking and sale prices. They are visual guides, not estimates of the home’s value between those dates.
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MLS records may be incomplete. Earlier asking prices are not sale prices.