REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Listed by Michael Lopus, DRE #01970736 • Colliers International
$ 2,325,000
Est. payment /mo
Active
6516 Del Playa DR Goleta, CA 93117
4,356 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRV1-35131
Year Built 1989
Lot Size 4,356 Sqft
Property Sub-Type Duplex
Source California Regional MLS
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.
Location
State CA
County Santa Barbara
Area Glta - Goleta
Rooms
Kitchen Oven Range, Refrigerator
Interior
Heating Wall Furnace
Cooling Central Forced Air - Electric
Exterior
Parking Features Other
Garage Spaces 2.0
Pool 31, None
View Ocean
Roof Type Composition
Others
Tax ID 075222019
Special Listing Condition Not Applicable
Copyright 2026 MLSListings Inc All rights reserved.