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About the Listing VV12542 - VC159524029
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.
Listing Highlights
Status
Active
Days on Site
22
Property Type
Multi-Family
MLS ®
V1-35131
Year Built
1989
Total Square Footage
1,027
Lot/Acreage
0.1
Interior Details
- Bedrooms: 3
- Bathrooms: 2 Full
- Appliances: Free-Standing Range, Refrigerator
- Air Cond: Ductless,Electric
- Heating: Ductless,Wall Furnace
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Lot Description: Sprinklers None,No Land Lease
- Garage Capacity: N/A
- Parking Spaces: 2
- Roof: Composition
- Others: Turnkey,2+ Total Units
- Sewer:
- Parking Features: Concrete
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 075222019
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Years
% Down Payment
% Mortgage Rate
Questions About..
6516 Del Playa Dr Goleta, CA 93117
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