6516 Del Playa Drive, GOLETA, CA 93117 (MLS# 26-771)

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6516 Del Playa Drive, GOLETA, CA 93117

$2,325,000

Property Type: Res Inc Lot Size (sq. ft.): 4,356 Status: Pending

Current Price: $2,325,000 List Date: 3/11/2026 Last Modified: 5/12/2026

Overview

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.

Listing Details MLS# 26-771

Location Info

District: 35 - SB/GOL NORTH
Street #: 6516
Street Name: Del Playa
Street Suffix: Drive
State: CA
Country: US
Postal Code: 93117
County: Santa Barbara
Parcel Number: 075-222-019
Cross Street: El Embarcadero Rd.

Contract Info

Price: 2325000
Begin Date: 2026-03-11

Status Information

Under Contract Date: 2026-05-26

Property Information

Number of Units: 2
Year Built: 1989
Apx # Acres: 0.1
Recurring Fees: No

Remarks

Hot Sheet Comment: new

Unit 1

# Units: 2
# Bedrooms: 3
# Baths: 6
Rent: 16000
Monthly Total: 16000
# Half Baths: 0

More Information

Neighborhood/Schools

Elementary School: Isla Vista
Junior High School: Other
High School: Other

Owner Info

Deposit: 0

Zoning

SR: Yes

Terms

Cash: Yes
Conventional: Yes

Listing Type

ER: Yes

Property Features

Zoning: SR Terms: Cash; Conventional Listing Type: ER

Listing Office: Colliers International Greater Los Angeles, Inc.

Last Updated: May - 12 - 2026

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