6516 Del Playa Drive, Goleta, CA 93117
- 3 beds
- 1,027 sqft
other
Built in 1989
4,356sqft lot
—— car garage
$2,264/sqft
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
- 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
- Principal & Interest $
- Property Taxes $
- Home Insurance $
- VA Funding Fee $
Location
Schools Nearby
Isla Vista Elementary School
6875 El Colegio Rd, Goleta, CA, 93117
Grades KG-6
0.94 miles away
