6516 Del Playa Drive, Goleta, CA 93117

Goleta
Local realty services provided by:Nelson Shelton Real Estate ERA Powered
6516 Del Playa Drive,Goleta, CA 93117
$2,325,000
  • - Beds
  • - Baths
  • 1,027 sq. ft.
  • Multi-family
  • Pending
Listed by: michael lopus
Office: colliers international213-532-3298
MLS#:V1-35131
Source:CRMLS

Price summary

  • Price:$2,325,000
  • Price per sq. ft.:$2,263.88

About this home

Positioned on the iconic Del Playa corridor in Goleta, 6516 Del Playa presents a rare two-unit investment opportunity featuring a 3BD/2BA main residence and a 3BD/3BA ADU -- both fully leased through the 26/27 academic year. Priced at $2,325,000, the property generates $17,000/month in combined rental income with an NOI stepping from $130,663 to $141,073 year-over-year. The 26/27 leases are already in place, providing immediate cash flow certainty and a clear path to a 6.07% cap rate. With limited inventory and perpetual student housing demand driven by UCSB, this asset offers investors a compelling blend of current income and long-term appreciation in one of Santa Barbara County's most sought-after rental markets.

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Home facts

  • Year built:1989
  • Listing ID #:V1-35131
  • Added:71 day(s) ago
  • Updated:May 22, 2026 at 07:38 AM

Rooms and interior

  • Kitchen Description:Free Standing Range, Refrigerator
  • Living area:1,027 sq. ft.

Heating and cooling

  • Cooling:Ductless Air, Electric
  • Heating:Ductless, Wall Furnance

Structure and exterior

  • Roof:Composition
  • Year built:1989
  • Building area:1,027 sq. ft.
  • Lot area:0.1 Acres
  • Levels:2 Story

Finances and disclosures

  • Price:$2,325,000
  • Price per sq. ft.:$2,263.88

Features and amenities

  • Appliances:Free Standing Range

Parking

  • Total parking spaces:2
  • Parking description:Concrete
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