6516 Del Playa Drive, Goleta, CA 93117

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.

Listing description from the June 2026 sale, as reported to CRMLS.

Sale history

$2,227,000

Sold June 2026 · listed $2,325,000, on market March 2026 · MLS #V1-35131 · Source: CRMLS

Listing Agent: Michael Lopus · Listing Office: Colliers International · Contact: (805) 680-8806 · Bought with: Non Member · Unknown Agency

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