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.
Sold for $2,227,000
Listed by: Colliers International • Michael Lopus • Contact: 805-680-8806
Bought with: Unknown Agency
$2,227,000
6516 Del Playa Dr, Goleta, CA 93117
3beds
2baths
1,027sqft
Multi Family
Built in 1989
-- sqft lot
$2,234,000 Zestimate®
$2,168/sqft
$4,815 Estimated rent
Home value
$2,234,000
$2.03M - $2.46M
$4,815/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Michael Lopus DRE #01970736 (805)680-8806,
Colliers International
Bought with:
Non Member
Unknown Agency
Source: CRMLS,MLS#: V1-35131
Originating MLS: California Regional MLS (Ventura & Pasadena-Foothills AORs)
Originating MLS: California Regional MLS (Ventura & Pasadena-Foothills AORs)Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
Heating
- Ductless, Wall Furnace
Cooling
- Ductless, Electric
Appliances
- Included: Free-Standing Range, Refrigerator
Features
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: 1 Common Wall
Interior area
- Total structure area: 1,027
- Total interior livable area: 1,027 sqft
Property
Parking
- Total spaces: 2
- Parking features: Concrete
Features
- Levels: Two
- Stories: 2
- Pool features: None
- Spa features: None
- Fencing: Wood
- Has view: Yes
- View description: Ocean
- Has water view: Yes
- Water view: Ocean
Lot
- Size: 4,356 Square Feet
- Features: Sprinklers None
Details
- Parcel number: 075222019
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Materials
- Roof: Composition
Condition
- Turnkey
- Year built: 1989
Community & HOA
Community
- Features: Biking
- Subdivision: Other
Location
- Region: Goleta
Financial & listing details
- Price per square foot: $2,168/sqft
- Tax assessed value: $923,209
- Annual tax amount: $11,185
- Date on market: 3/11/2026
- Cumulative days on market: 56 days
- Listing terms: Cash,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 6/11/2026 | Sold | $2,227,000-4.2%$2,168/sqft |
Source:  CRMLS #V1-35131 Report a problem | ||
| 5/12/2026 | Pending sale | $2,325,000$2,264/sqft |
Source:  SBMLS #26-771 Report a problem | ||
| 3/11/2026 | Listed for sale | $2,325,000+72.2%$2,264/sqft |
Source: CRMLS #V1-35131 Report a problem | ||
| 9/24/2010 | Sold | $1,350,000+166.8%$1,315/sqft |
Source: Public Record Report a problem | ||
| 7/8/2003 | Sold | $506,000$493/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $11,185 +2.8% | $923,209 +2% |
| 2024 | $10,886 +2.5% | $905,108 +2% |
| 2023 | $10,622 +2.2% | $887,362 +2% |
| 2022 | $10,392 +1.9% | $869,964 +2% |
| 2021 | $10,201 +2.6% | $852,906 +1% |
| 2020 | $9,940 +1.8% | $844,161 +2% |
| 2019 | $9,763 +1.9% | $827,609 +2% |
| 2018 | $9,582 +1.9% | $811,383 +2% |
| 2017 | $9,403 +4% | $795,474 +2% |
| 2016 | $9,040 -16.3% | $779,877 +1.5% |
| 2015 | $10,798 | $768,163 -18.9% |
| 2014 | $10,798 | $947,476 +2.5% |
| 2012 | -- | $924,701 +2% |
| 2011 | -- | $906,571 +0.8% |
| 2010 | -- | $899,796 -0.2% |
| 2009 | -- | $901,935 +5.6% |
| 2008 | -- | $854,250 +2% |
| 2007 | -- | $837,500 +59.1% |
| 2006 | -- | $526,442 +2% |
| 2005 | -- | $516,120 +296.3% |
| 2003 | -- | $130,244 +2% |
| 2002 | -- | $127,691 +2% |
| 2001 | -- | $125,188 +2% |
| 2000 | -- | $122,734 |
Find assessor info on the county website
Neighborhood: 93117
Nearby homes
- $--6 bd3 ba-- sqft6516 Del Playa Dr #1, Goleta, CA 93117Off Market
- $1,624,2003 bd3 ba1.5k sqft6516 Del Playa Dr #2, Goleta, CA 93117Off Market
- $1,464,500-- bd-- ba-- sqft6512 Del Playa Dr, Goleta, CA 93117Off Market
- $1,465,7003 bd2 ba-- sqft6512 Del Playa Dr #A, Isla Vista, CA 93117Off Market
- $1,465,7003 bd2 ba-- sqft6512 Del Playa Dr #B, Isla Vista, CA 93117Off Market
- $2,237,5007 bd5 ba3k sqft6518 Del Playa Dr, Goleta, CA 93117Off Market
- $--3 bd3 ba1.2k sqft6518 Del Playa Dr #C, Goleta, CA 93117Off Market
- $--4 bd3 ba-- sqft6518 Del Playa Dr #A, Isla Vista, CA 93117Off Market
Nearby schools
GreatSchools rating
- 8/10Isla Vista Elementary SchoolGrades: K-6Distance: 1 mi
- NALearning Tree PreschoolGrades: Distance: 2.9 mi
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$2,234,000
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- California
- Santa Barbara County
- Isla Vista
- 93117
- 6516 Del Playa Dr
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