6516 Del Playa Drive Goleta, CA ^$ 2,325,000

6516 Del Playa Drive

^$ 2,325,000

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Recently Listed

6516 Del Playa Drive

Goleta, CA, 93117

^$ 2,325,000

Studio Baths2.0 Sq 1,027

Monthly Estimate*

^$ 14,315

Listed by Colliers International

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Studio

Multi-Family Home for sale in Goleta, CA

for $2,325,000 with 2 full baths. This 1,027 square foot home was built in 1989 on a lot size of 0.1.

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.

Multi-Family Active

Price

^$ 2,325,000

Bedrooms

Studio

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.1

Year Built

1989

Town/City

Goleta

County/Region

Santa Barbara

MLS | Web ID

V135131

Days on Market

Features

General

Heating Ductless Wall Furnace

Cooling Ductless Electric

Roof Composition

Appliances Free-Standing Range Refrigerator

HOA Fee 0

Garage Spaces 0

Pool Features None

Year Built 1989

View Ocean

Stories Count 2

Levels Two

Gross Income 192000

Community Features Biking

County Santa Barbara

Net Operating Income 134503

Operating Expense 57497

Insurance Expense 7750

Property Type Residential Income

Subdivision Name Other

Garage Y/N false

Special Listing Conditions Standard

Status Active

Directions Take US 101 N toward Goleta Exit at N Los Carneros Rd. (Exit 107) Turn left onto N Los Carneros Rd continue toward the ocean turn right on El Colegio left on Camino Del Sur left onto Del Playa Dr. destination will be on the right.

City Goleta

Senior Community Y/N false

Number Of Units Total 2

MLS Area GLTA - Goleta

Lot Size Units Square Feet

Lot Size Square Feet 4356

Listing Terms Cash Conventional

Spa Features None

Property Attached Y/N true

Land Lease Y/N false

Electric Expense 0

Fuel Expense 0

Property Condition Turnkey

Trash Expense 0

Water Sewer Expense 0

Rent Control Y/N false

Standard Status Active

Year Built Source Public Records

Interior

Fireplace Features None

Common Walls 1 Common Wall

Air Conditioning Y/N true

Heating Y/N true

Fireplace Y/N false

Total Baths 0

Exterior

Fencing Wood

Parking Features Concrete

Lot Features Sprinklers None

Total Parking 2

Lot Size Area 4356

Number of Buildings 1

Spa false

Building Area Total 1027

Lot Size Acres 0.1

Private Pool false

Lot Size Source Public Records

Number of Separate Water Meters 1

Number of Separate Gas Meters 1

Number of Separate Electric Meters 1

* Excluded Features

List By

Colliers International

Broker

mike.lopus@colliers.com

Affordability Calculator

$14,315

Per Month

Monthly Principal & Interest: $14,315
Monthly Property Taxes: --
Monthly Home Insurance: --

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Loan Term

Interest Rate

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Goleta, CA

Average List Price ^$2,495,625

Percent of Sale Price 7%

About Goleta, CA

31,903 Population

11% Since 2002

^$84,611 Median Income

37.3 Median Age

30% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

4827338 Elementary School

4827337 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
3/11/2026	$2,325,000		Listed Price

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6516 Del Playa Drive, Goleta, CA, 93117 is a Multi-Family Home for sale at $2,325,000 with 1,027 sqft and a lot size of 0.1. 6516 Del Playa Drive is a studio with 2.0 baths and was built in 1989. The property's zip code is 93117 which is in Goleta, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 3/13/2026. 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.

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6516 Del Playa Drive

Multi-Family Home for sale in Goleta, CA

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