6516 Del Playa Drive, Goleta, CA 93117 - Photo 1

1/1

$2,227,000

Sold
Closed
Single Family
6 Beds
5 Full Baths
2,500 Sq. Ft.

1/1

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. 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. *SF is Est.

Full Property Details

Full Property Details for 6516 Del Playa Dr

General

Sold For: $2,227,000
Status: Closed
Type: Single Family
Source: SBAOR
MLS ID: 26-822
Added to Site: 120 day(s) ago

Rooms

Bathrooms

Total Bathrooms: 5
Full Bathrooms: 5

Bedrooms

Total Bedrooms: 6

Other Rooms

Laundry: Common Area

Parking

Parking Features: Outside, Garage

Location

Area: 35 - SB/GOL NORTH
County: Santa Barbara
Cross Streets: El Embarcadero Road

School Information

Elementary School: Isla Vista
Middle School: Gol Valley
High School: Dos Pueblos

Structural Information

# Buildings: 2
Architectural Style: Cal Cottage
Roof: Composition
Square Feet: 2,500
Year Built: 1989
Property Condition: Excellent

Additional Structures

Other Structures: ADU (Accessory Dwelling Unit)

Lot Features

Property View: Mountain(s)
Lot Size (Acres): 0.1
Lot Size (Sq. Ft.): 4,356
Lot Size: .1
Lot Features: Near Public Transit
Zoning: SR

Financial Considerations

Terms: Cash, Conventional, Exchange

Disclosures and Reports

Property ID: 075-222-019

Listed and Sold by Radius Group Commercial R.E. and Colliers International Greater Los Angeles, Inc.

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Listing agents

— 6516 Del Playa Dr —

Radius Group Commercial R.E.
Colliers International Greater Los Angeles, Inc.

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Schools

Schools serving 6516 Del Playa Dr

School District:Goleta Union Elementary School District

Name	Grades	Distance
Isla Vista Elementary School 6875 El Colegio Road, Goleta, CA 93117	K-6	1 mi
Goleta Valley Junior High School 6100 Stow Canyon Road, Goleta, CA 93117	7-8	3 mi
Dos Pueblos Senior High School 7266 Alameda Avenue, Goleta, CA 93117	9-12	2.4 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

Date

Details

Price

Change

Source

6/09/2026

Sold

$2,227,000

-4.22%

MLS

3/16/2026

Listed

$2,325,000

—

MLS

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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6516 Del Playa Dr, Goleta, CA 93117 - Photo 1

Sold

$2,227,000