Consider this rare development opportunity in the highest-demand location within one of the country’s most desirable off-campus student housing markets. Located on the oceanfront bluffs of Del Playa near UC Santa Barbara, this parcel is priced at lot value for redevelopment. An existing duplex has blufftop retreat, where the best proposition is to re-build using existing water and development rights, in a secure footprint further away from the blufftop. With rental comparables at $1200-$1300 per month per bed for newly renovated apartments on Del Playa oceanfront, an investor/developer can realize a substantial profit for either hold or re-sale purposes.
6757 Del Playa - 6757 Del Playa Drive, Isla Vista, CA 93117
