Fully leased for 26/27 school year with 5.82 CAP Rate! Quintessential Isla Vista oceanfront home located on the highly desirable Del Playa Drive. This well-maintained property features 4 bedrooms / 2.5 baths, plus a loft ideal for an additional sleeping area. The exterior showcases charming nautical vibes and offers four parking spaces. The largest upstairs bedroom includes a private balcony with sweeping Pacific Ocean views, while the large, fully fenced patio enhances safety, which is ideal for students. Unlike many oceanfront Del Playa properties, this home has a significant 27' setback from the cliff edge, helping to mitigate immediate erosion concerns. Just three houses from Pelican Park and a short walk or bike ride to UCSB, as well as Isla Vista's restaurants and shops.