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6516 Del Playa Drive, 
Goleta, CA 93117

$2,325,000

—

Bed

—

Bath

-

Sq Ft

Multi-Family

Active

Listed by

Michael Lopus

, 

Steven J Golis

Colliers International Greater Los Angeles, Inc.

, 

Radius Group Commercial R.E.

Last updated:

March 12, 2026, 06:00 PM

MLS#

26-771

Source:

SBAOR

About This Home

6516 Del Playa Drive

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.

Home Facts

Multi-Family

Built in 1989

Price Summary

2,325,000

MLS #:

26-771

Last Updated:

March 12, 2026, 06:00 PM

Added:

3 day(s) ago

Structure

Structure

Year Built:

1989

Lot

Lot Size (Sq. Ft):

4,356

Finances & Disclosures

Finances

Price:

$2,325,000

Source:SBAOR
Based on information from the Santa Barbara MLS as of March 14, 2026 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.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.