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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 Type(s):
Residential Income
| Last Updated | 3/11/2026 | Tract | Other |
|---|---|---|---|
| Year Built | 1989 | Community | GLTA - Goleta |
| County | Santa Barbara |
Additional Details
| AIR | Ductless, Electric |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Free-Standing Range, Refrigerator |
| AREA | GLTA - Goleta |
| HEAT | Ductless, Wall Furnace |
| LOT | 4356 sq ft |
| LOT DIMENSIONS | 4356 |
| PARKING | Concrete |
| POOL DESCRIPTION | None |
| STORIES | 2 |
| SUBDIVISION | Other |
| VIEW | Yes |
| VIEW DESCRIPTION | Ocean |
Location
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Listed with Colliers International
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
This IDX solution is (c) Diverse Solutions 2026.
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