6516 Del Playa Drive, Goleta, CA 93117
- $2,227,000
- Sold Price
- $2,227,000
- List Price
- $2,325,000
- Status
- CLOSED
- MLS#
- 26-771
- Closing Date
- Jun 09, 2026
- Region
- SB/GOL NORTH
- Year Built
- 1989
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.
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Additional Information
- Elementary School
- Isla Vista
- Middle School
- Other
- High School
- Other
- Acres
- 0.10
- Region
- SB/GOL NORTH
- Terms
- Cash, Conventional
- Units
- 2
- Zoning
- SR
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Listing courtesy of Colliers International Greater Los Angeles, Inc.. Selling Office: .