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(626) 893-2817
Gilbert Garcia
6516 Del Playa Drive, Goleta, CA 93117
- $2,227,000
- Sold Price
- $2,227,000
- List Price
- $2,325,000
- Closing Date
- Jun 11, 2026
- Status
- CLOSED
- MLS#
- V1-35131
- Year Built
- 1989
- Lot Size
- 4,356
- Acres
- 0.10
- Lot Location
- Sprinklers None
- Days on Market
- 43
- Property Type
- Multifamily
- Stories
- Two Levels
- Neighborhood
- Other
Property 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.
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Additional Information
- Appliances
- Free-Standing Range, Refrigerator
- Pool Description
- None
- Heat
- Ductless, Wall Furnace
- Cooling
- Yes
- Cooling Description
- Ductless, Electric
- View
- Ocean
- Roof
- Composition
- Attached Structure
- Attached
- Number Of Units Total
- 2
- Gross Scheduled Income
- $192,000
- Operating Expense
- 57497
Listing courtesy of Listing Agent: Michael Lopus (mike.lopus@colliers.com) from Listing Office: Colliers International.
Listing sold by Non Member from Unknown Agency
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.