Isla Vista CA Homes For Sale

View all the properties for sale in Isla Vista CA at all price ranges and styles. See pricing and listing details of Isla Vista CA real estate for sale.

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Isla Vista CA Homes For Sale

$1,800,000

Oceanfront Investment Opportunity in Isla Vista. This income property is situated approximately 50'ft back from the cliff edge which allows for a large deck with stunning Ocean/Island views. This property consist of 2 bedrooms, a loft, 2 bathrooms, in-house washer/dryer and a 40'ft Trex deck. This income property is always in high demand/never vacant and is adjacent to a beach access. Contact Agent for Showing (Please do not disturb tenants)

6769 Del Playa Drive, Isla Vista

Listing courtesy of Coastal Properties.

$3,800,000

Great cash flow Isla Vista student rental investment opportunity, in a mitigated oceanfront property with newly-completed cutback, safety fencing and seawall protection. The 2 adjacent duplexes feature large 3-bedroom and 4-bedroom units with spectacular front-row ocean views, large decks and lots of off-street parking. Most importantly, this property is one of the deepest lots on Del Playa, with ~67 feet of remaining depth from building to the street lot line, allowing for long-term viability of the investment. Estimated existing capitalization rate is in the mid-8%'s with market rents starting in June 2027 estimated to bring the cap rate over 9%, Buyer to verify. Current annual income at $452K, more details in unbranded Offering Memorandum under Documents.

6745-6747 Del Playa Drive, Isla Vista

Listing courtesy of Berkshire Hathaway HomeServices California Properties.

Retail suite just steps from UCSB in the heart of Isla Vista, near one of the busiest bike and pedestrian routes leading to campus. High visibility to the university's 26,179 students. Suite offers a private restroom and large window fronting Trigo Road, across the street from Isla Vista Theater.

6529 Trigo Road Unit A, Isla Vista

Listing courtesy of Hayes Commercial Group.

$4,550,000

6531 Del Playa Drive offers an investor generous cash-flow on the oceanfront of Isla Vista, in an A+ location nearly adjacent to the campus of the University of California at Santa Barbara, and benefiting from the more favorable blufftop geology in this part of Del Playa. Consider for a pure investor or for a UC Santa Barbara parent looking for a favorable cap rate for balance in a diversified real estate portfolio. With a captive student housing tenant pool willing to pay the very highest rents for the chance to enjoy the oceanfront lifestyle, and with voluntary student tenant turnover in Isla Vista, a new owner would have the ability to realize substantial returns into the future. The est. cap rate based on new 2026-2027 school year rents is ~6.64% (using a Buyer's new property taxes), with adjustment to market rents the following school year estimated to increase the cap rate above 7%. Four of the apartments face the ocean directly for top rents, the 5th unit faces the street and is smaller and rents for a little less per bed. Generous rooms sizes (see Floor Plan page) provide potential for additional income beyond the capturing of market rents in the next tenant cycle. A 6th unit studio shown in the marketing is a former storage area with permit status as a studio unknown, the space has been historically rented this way for decades. Further upside may be realized by recent expanded ADU legislation for multi-family properties, with a natural ADU location available in the covered parking area. Consult a land-use planner to verify ADU potential. A new roof was added in 2024. The property is located in a relatively favorable geological portion of Del Playa Drive, with a seawall protecting much of the width of the property, and with structural caissons installed in the 1990's. These capital improvements, soil conditions, blufftop condition and blufftop retreat rates are described in a 2025 geologic report, to allow a Buyer to confirm viability for the property's cash-flow into the future. View the unbranded Offering Memorandum under Documents for more information including unit floorplan layouts, site plan and financials.

6531 Del Playa Drive, Isla Vista

Listing courtesy of Berkshire Hathaway HomeServices California Properties.

1 Baths

This highly visible retail/restaurant is centrally located just one block from UCSB in ''The Loop,'' right across from Embarcadero Hall, next door to Woodstock's Pizza and just blocks from the beach. Includes large patio in an area with frequent foot traffic.

938 Embarcadero Del Norte, Isla Vista

Listing courtesy of Hayes Commercial Group.

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Isla Vista CA Homes For Sale

Isla Vista CA Homes For Sale

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