6748 Del Playa Drive A, Goleta, CA 93117, Goleta, 93117 - 5 bed, 3 bath
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Goleta, CA 93117
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.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 6748 Del Playa Drive A Subject | $2,598,000* List Price | 5 | 3 | 2,000 | $1,174 | - |
A 6839 Sabado Tarde Road Active | $2,398,000 List Price | 5 | 4 | 2,499 | $960 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
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.
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.
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.
Located in a high-density rental zone with historically low vacancy rates, providing a stable and predictable cash flow for seasoned real estate investors.
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.
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.
Exceptional opportunity in Goleta. This spacious residence offers a versatile layout ideal for modern living. Situated on a quiet street in a highly desirable area.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 0.0 |
| Baths | 3.0 | 0.0 |
| Square foot | 2,000 | - |
| Lot Size | 4,792 | - |
| Price | $2.60M | $5.40M |
| Price per sq ft | $1.3K | $423 |
| Built year | 1958 | 0 |
| HOA | $0 | $0 |
| Days on market | 32 | 116 |
Jun 20, 2026
$2,598,000
Initial Listing
Apr 30, 2021
$1,300,000
Public Record