6565 Del Playa Drive

A top the bluffs in one of the best Isla Vista locations is this exceptional student housing opportunity which is located just one-and-one-half blocks from UCSB's campus and within easy walking distance of the restaurants, shops and amenities of IV's ''Loop''. This 100% leased duplex is being offered at a 6.0% Cap Rate on 2024-2025 rents with significant upside potential for the 2025-2026 school year. The building consists of a 4BD/2BA townhouse unit with unobstructed views, a large Studio unit, onsite laundry room, and off-street parking for four cars. Improvements including cliff cutback (2011), dual pane windows (2011), tankless water heater (2019), new main electrical panel and plugs, and extensive site drainage.