6757 Del Playa Drive, ISLA VISTA, CA 93117, ISLA VISTA, 93117 - bed, bath
ACTIVE$599,000/sqft
6757 Del Playa Drive, ISLA VISTA, CA 93117
0Bed
0Bath
Sqft
13,939Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Premier Oceanfront Location: The property boasts an unparalleled oceanfront position on the 'most desirable street in Isla Vista,' offering direct access and views of the Pacific.
Top Cons:
Mandatory Bluff Cutback & Associated Costs: The explicit mention of 'bluff cutback' indicates a significant and potentially costly engineering requirement, adding substantial expense and complexity to the development process.
Compared to the nearby listings
Price:$599.0K vs avg $2.05M ($-1,451,000)33%
Size: sqft vs avg sqft50%
Price/sqft:$0 vs avg $050%
More Insights
Built in 1968 (58 years old).
Condition: The listing explicitly states 'Demo permit in hand' and the provided images label the existing structure 'TO BE DEMOLISHED.' The instruction 'Do not go on property' further indicates the building is unsafe or unlivable. The property's value is based solely on the land and its oceanfront development opportunity, not the existing structure built in 1968.
Year Built
1968
Close
-
List price
$599K
Original List price
-
Price/Sqft
$0
HOA
$0
Days on market
-
Sold On
-
MLS number
26-166
Home ConditionTear down
Features
Excellent View:
Deck
View-
About this home
OCEANFRONT DEVELOPMENT OPPORTUNITY! Most desirable street in Isla Vista. Deep lot with plenty of room for bluff cutback and new build. Demo permit in hand. Geo-engineering report available. Do not go on property.
S
Staci Caplan
Listing Agent
Price History
Date
Event
Price
12/01/21
Sold
$750,000
03/15/13
Sold
$1,490,000
02/02/11
Sold
$746,000
Condition Rating
Tear down
The listing explicitly states 'Demo permit in hand' and the provided images label the existing structure 'TO BE DEMOLISHED.' The instruction 'Do not go on property' further indicates the building is unsafe or unlivable. The property's value is based solely on the land and its oceanfront development opportunity, not the existing structure built in 1968.
Pros & Cons
Pros
Premier Oceanfront Location: The property boasts an unparalleled oceanfront position on the 'most desirable street in Isla Vista,' offering direct access and views of the Pacific.
Shovel-Ready Development Opportunity: With a demolition permit already in hand and a geo-engineering report available, the property is primed for immediate redevelopment, significantly reducing initial project timelines and uncertainties.
Generous & Adaptable Lot Size: A substantial 13,939 sq ft 'deep lot' provides ample space for a new build, including necessary 'bluff cutback,' allowing for flexible and expansive architectural designs.
High-Value Investment Potential: Positioned as a 'Residential Income' type and a 'Development Opportunity,' this property offers significant potential for high rental yields or resale value upon completion of a new oceanfront residence.
Reduced Development Risk: The availability of critical documentation like the demolition permit and geo-engineering report mitigates common early-stage development risks and costs for the buyer.
Cons
Mandatory Bluff Cutback & Associated Costs: The explicit mention of 'bluff cutback' indicates a significant and potentially costly engineering requirement, adding substantial expense and complexity to the development process.
Restricted Property Access & Condition Concerns: The instruction 'Do not go on property' strongly suggests the existing structure is unsafe or severely dilapidated, necessitating immediate demolition and potentially implying additional site remediation costs.
Historical Price Volatility & Potential Underlying Issues: The current list price of $599,000 is considerably lower than previous sales (e.g., $1.49M in 2013, $750k in 2021), which may signal unaddressed challenges, increased development costs, or market shifts that warrant thorough due diligence.