6516 Del Playa Drive, GOLETA, CA 93117 (MLS# 26-822)

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6516 Del Playa Drive, GOLETA, CA 93117

$2,325,000

Property Type: Res Bedrooms: 6 Baths: 5 Square Footage: 2,500 Lot Size (sq. ft.): 4,356 Status: Pending

Current Price: $2,325,000 List Date: 3/16/2026 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. 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. *SF is Est.

Listing Details MLS# 26-822

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 Road

Contract Info

Price: 2325000
Affordable Housing: No
Begin Date: 2026-03-16

Status Information

Under Contract Date: 2026-05-26

Property Information

TYP: Home/Estate
Total Bedrooms: 6
Total Bathrooms: 5
Total Full Baths: 5
Year Built: 1989
Total SqFt.: 2500
Source: Other/See Remarks
Apx # Acres: 0.1
ADU: Yes
ADU Count: Yes
Within City Limits: No
Total # Units in Development: 2
Recurring Fees: No

Remarks

Hot Sheet Comment: new

Owner Info

Deposit: 3

More Information

ADU #1

Rent $: 7000
Type: ADU
Attached: No
Year Built: 2026
Beds: 3

Neighborhood/Schools

Elementary School: Isla Vista
Junior High School: Gol Valley
High School: Dos Pueblos

Condition

Excellent: Yes

Style

Cal. Cottage: Yes

Construction

Two Story: Yes

Roof

Composition: Yes

Parking/Garage

Garage: Yes
Outside: Yes

Other Buildings

ADU (Accessory Dwelling Unit): Yes

View

Mountain(s): Yes

Proximity

Near Bus: Yes
Near Ocean: Yes
Near Park(s): Yes
Near School(s): Yes
Near Shopping: Yes
Near Restaurants: Yes

Laundry

Common Area: Yes

Zoning

SR: Yes

Reports Available

Home Inspection: Yes

Terms

Cash: Yes
Conventional: Yes
Exchange: Yes

Property Features

Condition: Excellent Style: Cal. Cottage Construction: Two Story Roof: Composition Other Buildings: ADU (Accessory Dwelling Unit) View: Mountain(s) Proximity: Near Bus; Near Ocean; Near Park(s); Near Restaurants; Near School(s); Near Shopping Laundry: Common Area Zoning: SR Reports Available: Home Inspection Terms: Cash; Conventional; Exchange

Listing Office: Radius Group Commercial R.E.

Last Updated: May - 12 - 2026

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