6516 Del Playa Drive
Goleta, CA 93117
0
Bed
0
Bath
1,027Sqft
4,356Sqft(Lot)
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.
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
-
Bathroom Information
Total Baths: 0 -
Interior Features
Roof: Composition Property Appliances: Free-Standing Range,Refrigerator Fireplace: None -
Cooling Features
Ductless,Electric Air ConditioningHeating Source
Ductless,Wall Furnace Has HeatingFireplace
Fireplace Features: None Has Fireplace: 0
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Building Information
Year Built: 1989 Building Area Total: 1,027 Roof: Composition -
Pool Features
NoneFencing
Wood
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Lot Details
Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.1 -
Lot Size Source: Public Records Lot Size Square Feet: 4356
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Listing Price Information
Original List Price: 2,325,000 Listing Contract Date: 2026-03-11 -
Lease Information
Listing Agreement: Exclusive Right To Sell
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Tax Information
Parcel Number: 075222019
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Garage and Parking
Garage Description: ConcreteHomeowners Association
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Other Property Info
Source Listing Status: Pending Source Neighborhood: GLTA - Goleta Directions: Take US 101 N toward Goleta, Exit at N Los Carneros Rd. (Exit 107) Turn left onto N Los Carneros Rd, continue toward the ocean, turn right on El Colegio, left on Camino Del Sur, left onto Del Playa Dr., destination will be on the right. Source Property Type: Residential Income Area: GLTA - Goleta -
Building and Construction
Property Age: 37 Common Walls: 1 Common Wall Property Condition: Turnkey Year Built Source: Public Records Property Attached: Yes Levels or Stories: Two Building Total Stories: 2
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 5859 Mandarin Drive, Goleta, CA, 93117 | $2,485,000 | 12 | -- | 5,027 | 5,027 SqFt |
| 6591 Cordoba Road, Goleta, CA, 93117 | $4,425,000 | -- | -- | 5,130 | 5,130 SqFt |
| 6880 Pasado Road, Goleta, CA, 93117 | $2,425,000 | -- | -- | 1,340 | 1,340 SqFt |
| 516 Mills Way, Goleta, CA, 93117 | $2,195,000 | 4 | 3 | 1,850 | 1,850 SqFt |
| 10697 Calle Quebrada, Goleta, CA, 93117 | $3,975,000 | 5 | 4 | 4,511 | 4,511 SqFt |
| 10800 Calle Real, Goleta, CA, 93117 | $2,175,000 | 5 | 3 | 1,700 | 1,700 SqFt |
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ByOwner last updated this listing 06/20/2026 @ 10:20
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