Property Details
About this Property
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.
MLS Listing Information
MLS #
CRV1-35131
MLS Source
California Regional MLS
Days on Site
0
Interior Features
Appliances
Oven Range, Refrigerator
Cooling
Central Forced Air - Electric
Heating
Wall Furnace
Exterior Features
Roof
Composition
Pool
None
Parking, School, and Other Information
Garage/Parking
Other, Garage: 0 Car(s)
HOA Fee
$0
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | – | 2 |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
6516 Del Playa Dr is a Duplex in Goleta, CA 93117. This – square foot property sits on a 4,356 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $2,325,000 and was built in 1989. This address can also be written as 6516 Del Playa Dr, Goleta, CA 93117.
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This listing information is up-to-date as of March 11, 2026. For the most current information, please contact Michael Lopus, (805) 680-8806
