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6516 Del Playa Drive, Goleta, CA 93117

Goleta
Local realty services provided by:CENTURY 21 Sierra Properties
6516 Del Playa Drive,Goleta, CA 93117
$2,325,000
  • 3 Beds
  • - Baths
  • 1,027 sq. ft.
  • Multi-family
  • Active
Listed by: michael lopus
Office: colliers international
MLS#:CRV1-35131
Source:Bay East, CCAR, bridgeMLS

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 #:CRV1-35131
  • Added:20 day(s) ago
  • Updated:April 04, 2026 at 02:36 PM

Rooms and interior

  • Bedrooms:3
  • Living area:1,027 sq. ft.

Heating and cooling

  • Heating:Wall Furnace

Structure and exterior

  • Year built:1989
  • Building area:1,027 sq. ft.
  • Lot area:0.1 Acres

Finances and disclosures

  • Price:$2,325,000
  • Price per sq. ft.:$2,263.88
MLS LogoBay East 2026. CCAR 2026 bridgeMLS 2026. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at April 4, 2026

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