Home | Santa Barbara County | Goleta | 93117 | 6516 Del Playa Dr
MLS: CRV1-35131 | Status: Active | Price: $2,325,000
Beds/Baths: – / –
Property Type: Residential Income
| Beds | Baths | Sq Ft | Sq Ft Lot | Yr Built |
|---|---|---|---|---|
| – | – | – | 4,356 | 1989 |
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.
| Field | Value |
|---|---|
| MLS # | CRV1-35131 |
| MLS Source | California Regional MLS |
| Days on Site | 43 |
| Feature | Details |
|---|---|
| Appliances | Oven Range, Refrigerator |
| Cooling | Central Forced Air - Electric |
| Heating | Wall Furnace |
| Feature | Details |
|---|---|
| Roof | Composition |
| Pool | None |
| Feature | Details |
|---|---|
| Garage/Parking | Other, Garage: 0 Car(s) |
| HOA Fee | $0 |
Michael Lopus
Colliers International
License #: 01970736
Phone: (805) 680-8806
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | – | 2 |
School data provided by GreatSchools.org
| School | Type | Grades | Distance | Rating |
|---|---|---|---|---|
| Isla Vista Elementary School | public | K-6 | 0.98 mi | 8 |
| Dos Pueblos Senior High School | public | 9-12 | 2.40 mi | 9 |
| La Patera Elementary School | public | K-6 | 2.67 mi | 6 |
| Ellwood Elementary School | public | K-6 | 2.78 mi | 8 |
| Learning Tree Preschool | public | UG | 2.93 mi | N/A |
| Goleta Valley Junior High School | public | 7-8 | 3.03 mi | 6 |
| Brandon Elementary School | public | K-6 | 3.03 mi | 8 |
| Kellogg Elementary School | public | K-6 | 3.19 mi | 8 |
| Hollister Elementary School | public | K-6 | 3.74 mi | 8 |
| Mountain View Elementary School | public | K-6 | 3.83 mi | 10 |
| El Camino Elementary School | public | K-6 | 3.94 mi | 5 |
| Foothill Elementary School | public | K-6 | 4.17 mi | 8 |
| San Marcos Senior High School | public | 9-12 | 4.25 mi | 8 |
©2026 California Regional MLS. All rights reserved. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from California Regional MLS.
Presently MLSListings.com displays Active, Contingent, Pending, and Recently Sold listings. Recently Sold listings are properties which were sold within the last three years. After that period listings are no longer displayed in MLSListings.com. Pending listings are properties under contract and no longer available for sale. Contingent listings are properties where there is an accepted offer, and seller may be seeking back-up offers. Active listings are available for sale.
This listing information is up-to-date as of March 11, 2026. For the most current information, please contact Michael Lopus, (805) 680-8806.