6516 Del Playa Drive, Goleta, CA 93117 (MLS # V1-35131)

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PRICE $2,325,000 dsIDX morgage calculator
BEDS 0
BATHS 0
HOME SIZE 1,027 sqft
LOT SIZE 4,356 sqft

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.

DAYS ON MARKET 1 LAST UPDATED 3/11/2026
TRACT Other YEAR BUILT 1989
COMMUNITY GLTA - Goleta COUNTY Santa Barbara
STATUS Active PROPERTY TYPE(S) Residential Income


ADDITIONAL DETAILS
AIR Ductless, Electric
AIR CONDITIONING Yes
APPLIANCES Free-Standing Range, Refrigerator
AREA GLTA - Goleta
HEAT Ductless, Wall Furnace
LOT 4356 sq ft
LOT DIMENSIONS 4356
PARKING Concrete
POOL DESCRIPTION None
STORIES 2
SUBDIVISION Other
VIEW Yes
VIEW DESCRIPTION Ocean
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Listed with Colliers International

Based on information from CRMLS as of 3/11/26 8:46 PM PDT. The information being provided by CRMLS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

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