6748 Del Playa Drive A, Goleta, CA 93117, Goleta, 93117 - 5 bed, 3 bath
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6748 Del Playa Drive A
Goleta, CA 93117
ACTIVE
CONDITION: GOOD
5Beds
3Baths
2,000Sq Ft
4,792Lot Size
Property Price
LIST PRICE$2,390,000
EST. MARKET VALUE
$2,256,333
5% AboveMARKET VALUE
SUMMARY
This oceanfront property represents a High-Potential Investment Opportunity, listed at a List Price of $2,598,000—positioned well above the $2,348,290 Fair Market Value by -10%. While priced at a premium, the 5-bedroom Residential Income asset offers significant cash flow potential due to its prime location near UCSB. Featuring a Condition Rating of 3, the structure includes modern updates and a functional patio. This is a strategic acquisition for Buy-and-Hold Investors or Institutional Rental Groups targeting high-demand coastal markets.
Estimated Market Value
$2,256,333
Based on Realkey algorithm analyzing recent comparable sales in Goleta.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 6748 Del Playa Drive A Subject 5 bd · 3 ba · 2,000 sqft · $1,128 | $2,390,000* List Price | 5 | 3 | 2,000 | $1,128 | - |
A 6615 Sabado Tarde Road Active 4 bd · 2 ba · 1,800 sqft · $972 · 0.3 mi | $1,750,000 List Price | 4 | 2 | 1,800 | $972 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
While built in 1958, the property shows clear signs of maintenance and updates consistent with a 5-15 year renovation cycle. The exterior features modern dual-pane windows and updated electrical panels. The structure appears well-maintained with fresh paint and functional outdoor living space, making it move-in ready for the residential income market.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Oceanfront Location
Situated on the iconic Del Playa Drive, this property offers unparalleled access to the Pacific Ocean and stunning coastal views, making it a trophy asset in the Isla Vista market.
- High Yield Potential
With 5 bedrooms and a 'Residential Income' designation, this property is positioned to capitalize on the extremely high rental demand from the adjacent UCSB student population.
- Proven Investment Market
Located in a high-density rental zone with historically low vacancy rates, providing a stable and predictable cash flow for seasoned real estate investors.
CONSRISKS & DEFICIENCIES
- Coastal Erosion Concerns
The property's bluff-top location on Del Playa Drive carries inherent risks related to coastal erosion, which may impact long-term structural integrity and insurance costs.
- Deferred Maintenance Potential
Constructed in 1958 and utilized as a high-occupancy rental, the property may require significant capital expenditures for modernization and repairs due to age and salt-air exposure.
About 6748 Del Playa Drive A
Please email or text to request the Offering Memorandum. Now available for sale a three-property portfolio in Isla Vista (Goleta, CA 93117): 1. 6839 Sabado Tarde Rd APN 075-182-014 2. 6748 Del Playa Dr APN 075-191-024 3. 6680-6684 Sabado Tarde Rd APN 075-152-059 & 075-152-058
Property Details
Public Facts
- Property Type
- Residential Income
- Year Built
- 1958
- Lot Size
- 4,792 Sq. Ft.
Interior
- Total Bedrooms
- 5
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 16.0 |
| Baths | 3.0 | 12.0 |
| Square foot | 2,000 | 2,237.857 |
| Lot Size | 4,792 | 7,218.286 |
| Price | $2.39M | $2.44M |
| Price per sq ft | $1.2K | $1.3K |
| Built year | 1958 | 1963 |
| HOA | $0 | $0 |
| Days on market | 126 | 136 |
Pricing History
Listed for Sale
Sep 22, 2026
$2,390,000
$2,598,000
-8% Price Drop
Initial Listing
Price Change
Jun 20, 2026
$2,598,000
Initial Listing
Sold
Apr 30, 2021
$1,300,000
Public Record