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$2,325,000

$6,800Reward *

6516 Del Playa Drive, Goleta, CA 93117Listing ID V1-35131

6516 Del Playa Drive, Goleta, CA 93117

Active

Time on site: 56 days • Last updated: Mar 11, 2026

Property Type

Residential Income

Property Sub Type

Square Feet

1,027

Acres

0.1

Days on Site

Cooling

Ductless, Electric

Heating

Ductless, Wall Furnace

Year Built

Listing provided by Michael Lopus • Colliers International, (213) 532-3298

Market Report for 93117

* The market data shown is based on available information from Multiple Listing Service (MLS) and/or public records. Data provided is for informational and educational purposes only and may not represent the full housing market. For more accurate information, consumers should consult a certified appraiser or licensed real estate agent.

*Average of $2,150 in rewards is calculated based on the purchase or sale of a home between $400,000 to $449,000. The median home price for all housing types is in the United States is $405,400 as of 2025 as reported by the National Association of Realtors® (NAR). The actual reward amount may vary depending on the purchase or sales price of the home. Please see the Lakeview Home Rewards program terms and conditions for more details. The National Association of Realtors® is a registered trademark of the National Association of Realtors®.

Source: California Regional MLS

IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

For corrections to this data please contact Brytecore MLS Support.

VC159524029

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 Information

Property Details

Location

Address

6516 Del Playa Drive

County

Santa Barbara

City

Goleta

Zip Code

93117

MLS Area

GLTA - Goleta

Interior Features

Heating and Cooling

Cooling

Ductless, Electric

Heating

Ductless, Wall Furnace

Fireplace

None

Building

Building Information

Square Feet

1,027

Year Built

1989

Stories

Roof

Composition

Condition

Turnkey

Financial

Special Conditions

Standard