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
Price:
$2,325,000
MLS #:
V1-35131
Status:
Active
Beds:
0
Baths:
0
Type:
Single Family
Neighborhood:
gltagoleta
Listed Date:
Mar 11, 2026
Total Sq Ft:
1,027
Lot Size:
4,356 sqft / 0.10 acres (approx)
Year Built:
1989
See this Listing
Schools
Interior
Appliances
RF, FSR
Cooling
ELC, DUC
Heating
WL, DUC
Levels
U
Exterior
Common Walls
_1CW
Community Features
BIKI
Fencing
WD
Parking Spots
2
Parking Total
2
Roof
CMP
Spa Features
NO
View
OC
Financial
Map
Community
- Address6516 Del Playa DR Goleta CA
- SubdivisionOther
- CityGoleta
- CountySanta Barbara
- Zip Code93117
Subdivisions in Goleta
Market Summary
Current real estate data for Single Family in Goleta as of May 06, 2026
20
Single Family Listed
129
Avg DOM
852
Avg $ / SqFt
$3,651,170
Avg List Price
Property Summary
- Located in the Other subdivision, 6516 Del Playa DR Goleta CA is a Single Family for sale in Goleta, CA, 93117. It is listed for $2,325,000 and features 0 beds, 0 baths, and has approximately 0 square feet of living space, and was originally constructed in 1989. The average price per square foot for Single Family listings in Goleta is $852. The average listing price for Single Family in Goleta is $3,651,170.
Similar Listings Nearby
Courtesy of Colliers International. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. California Regional Multiple Listing Service. All rights reserved. 6516 Del Playa DR
Goleta, CA