$2,325,000

6516 Del Playa Drive, Goleta, CA 93117

  • 3 beds
  • 1,027 sqft
  • Property Icon other
  • Property Year Built Icon Built in 1989
  • Property Lot Size Icon4,356sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $2,264/sqft
  • Property List Date Icon Listed 1 month ago

Property Description

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.

Listing Status:
Active
Date Added:
March 11, 2026
Data Last Updated:
April 15, 2026 at 8:08PM
Listing Office:
Colliers International : 213-532-3298
Listing Agent:
Michael Lopus : 805-680-8806
MLS ID:
CRV1-35131
  • A/C: Other
  • Heating: Wall Furnace
  • Parking: Other
  • HOA Amenities: 0.0
  • Originating MLS: CRMLS
  • County: Santa Barbara
  • Zoning: 075222019
  • View: Ocean
  • Fencing: Wood
  • Source: CRMLS

This listing courtesy of Michael Lopus , Colliers International

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

I

Isla Vista Elementary School

6875 El Colegio Rd, Goleta, CA, 93117

Grades KG-6

0.94 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.