This ocean-front home in Isla Vista is located right next to beach access! The home was completed in 1989 and features an ocean-front deck plus front and rear balconies. The home is leased at $7,950 per month on a June to June lease with tenants paying all utilities. Try 19% down with the seller will wrapping the existing $1,038,000 loan (currently at 3.875%). So you have location, positive demographics, good numbers and leverage!

6773 Del Playa Drive
Isla Vista, CA 93117
Oceanfront Residence

Map It!

Price: $1,279,500
Income: $7,950/mo. July 2010 – July 2011
$8,000/mo. July 2011 – July 2012
GRM: 13.41 GRM on current rent
APN: 075-192-004
Bedrooms: 3+
Baths: 2.5
Area: Home: 2,023 SF per assessor Land: 25’ of ocean frontage to mean high tide line – 6,970 SF (per assessor)
Parking: 2-car carport-lots of tandem parking
Year Built: 1989
Zoning: SRM-8
Terms: OWC 81% AITD


PDF Flyer