6516 Del Playa Drive, Goleta, CA 93117

Goleta
Local realty services provided by:Better Homes and Gardens Real Estate Property Shoppe
6516 Del Playa Drive,Goleta, CA 93117
$2,325,000
  • - Beds
  • 5 Baths
  • - sq. ft.
  • Multi-family
  • Pending
Listed by: michael lopus, steven j golis
Office: colliers international greater los angeles, inc.
MLS#:26-771
Source:SBAOR

Price summary

  • Price:$2,325,000

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 #:26-771
  • Added:65 day(s) ago
  • Updated:May 14, 2026 at 07:41 AM

Rooms and interior

  • Total bathrooms:5

Structure and exterior

  • Year built:1989
  • Lot area:0.1 Acres

Schools

  • High school:Other
  • Middle school:Other
  • Elementary school:Isla Vista

Finances and disclosures

  • Price:$2,325,000
Based on information from the Santa Barbara MLS as of May 16, 2026 Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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