6516 Del Playa Dr Goleta, CA 93117
Estimated payment $13,429/month
About This Home
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 Agent
Colliers International Greater Los Angeles, Inc. License #01970736 Listed on: 03/11/2026
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1989
Lot Details
- 4,356 Sq Ft Lot
Schools
- Isla Vista Elementary School
Community Details
- 2 Units
Listing and Financial Details
- Assessor Parcel Number 075-222-019
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $10,886 | $923,209 | $612,928 | $310,281 |
| 2023 | $10,886 | $887,362 | $589,128 | $298,234 |
| 2022 | $10,392 | $869,964 | $577,577 | $292,387 |
| 2021 | $10,201 | $852,906 | $566,252 | $286,654 |
| 2020 | $9,940 | $844,161 | $560,446 | $283,715 |
| 2019 | $9,763 | $827,609 | $549,457 | $278,152 |
| 2018 | $9,582 | $811,383 | $538,684 | $272,699 |
| 2017 | $9,403 | $795,474 | $528,122 | $267,352 |
| 2016 | $9,040 | $779,877 | $517,767 | $262,110 |
| 2014 | $10,798 | $947,476 | $721,336 | $226,140 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/11/2026 03/11/26 | For Sale | $2,325,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | -- | First American Title | |
| Grant Deed | -- | First American Title Company | |
| Interfamily Deed Transfer | -- | First American Title Company | |
| Interfamily Deed Transfer | -- | First American Title Company | |
| Grant Deed | $1,350,000 | First American Title Company | |
| Interfamily Deed Transfer | -- | First American Title Company | |
| Grant Deed | -- | None Available | |
| Grant Deed | -- | Stewart Title Of Ca Inc | |
| Interfamily Deed Transfer | -- | Stewart Title Of Ca Inc | |
| Interfamily Deed Transfer | -- | First American Title Company | |
| Guardian Deed | $506,000 | Fidelity National Title |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $900,000 | New Conventional | |
| Previous Owner | $489,525 | Adjustable Rate Mortgage/ARM | |
| Previous Owner | $489,525 | Adjustable Rate Mortgage/ARM | |
| Previous Owner | $1,000,000 | Future Advance Clause Open End Mortgage | |
| Previous Owner | $628,125 | Purchase Money Mortgage | |
| Previous Owner | $404,800 | Purchase Money Mortgage |
Source: Santa Barbara Multiple Listing Service
MLS Number: 26-771
APN: 075-222-019
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