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$2,325,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • Updated 9 hours ago
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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.

Full Property Details for 6516 Del Playa Dr

General

  • Price: $2,325,000
  • Status: Active
  • Type: Multi-Family
  • Source: SBAOR
  • MLS ID: 26-771
  • Updated: 3/11/2026
  • Added to Site: 1 day(s) ago

Location

  • Area: 35 - SB/GOL NORTH
  • County: Santa Barbara
  • Cross Streets: El Embarcadero Rd.

School Information

  • Elementary School: Isla Vista
  • Middle School: Other
  • High School: Other

Structural Information

  • Year Built: 1989

Lot Features

  • Lot Size (Acres): 0.1
  • Lot Size (Sq. Ft.): 4,356
  • Lot Size: .1
  • Zoning: SR

Financial Considerations

  • Terms: Cash, Conventional

Disclosures and Reports

  • Property ID: 075-222-019

Listed by Colliers International Greater Los Angeles, Inc.

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— 6516 Del Playa Dr —

  • Colliers International Greater Los Angeles, Inc.

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NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Schools serving 6516 Del Playa Dr

School District:Goleta Union Elementary School District
NameGradesDistance
Isla Vista Elementary School
6875 El Colegio Road, Goleta, CA 93117
K-61 mi
Goleta Valley Junior High School
6100 Stow Canyon Road, Goleta, CA 93117
7-83 mi
Dos Pueblos Senior High School
7266 Alameda Avenue, Goleta, CA 93117
9-122.4 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 6516 Del Playa Dr Get Price Alerts and Save Property

Date
Details
Price
Change
Source
3/11/2026
Listed
$2,325,000
208.56%
MLS
4/28/2014
Sold
$753,500
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 6516 Del Playa Dr

Year
Property Taxes
Change
Tax Assessment
Change
2025
$11,185
3%
$923,209
2%
2024
$10,886
2%
$905,108
2%
2023
$10,622
2%
$887,362
2%
2022
$10,392
2%
$869,964
2%
2021
$10,201
3%
$852,906
1%
2020
$9,940
2%
$844,161
2%
2019
$9,763
2%
$827,609
2%
2018
$9,582
2%
$811,383
2%
2017
$9,403
4%
$795,474
2%
2016
$9,040
1%
$779,877
2%
2015
$8,922
-17%
$768,163
-19%
2014
$10,798
1%
$947,476
—
2013
$10,735
—
$943,194
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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NMLS#: 1598647

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Listed by Colliers International Greater Los Angeles, Inc.

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6516 Del Playa Drive, Goleta, CA 93117 (MLS# 26-771) is a Multi-Family property with 1 unit containing 0 bedrooms and 0 full bathrooms. 6516 Del Playa Drive is currently listed for $2,325,000 and was received on March 11, 2026. Want to learn more about 6516 Del Playa Drive? Do you have questions about finding other Multi-Family real estate for sale in Goleta? You can browse all Goleta real estate or contact a Coldwell Banker agent to request more information.

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