$2,227,000
SOLD JUN 11, 2026

6516 Del Playa Dr Goleta, CA 93117

3 Beds
2 Baths
1,027 Sq Ft
4,356 Sq Ft Lot

Sale Details

Date Sold: June 11, 2026

$2,168 Per Sq Ft

4% Below List Price

56 Days on Market

Highlights

  • Ocean View
  • Ductless Heating Or Cooling System
  • Turnkey
  • Isla Vista Elementary School Rated A
  • Bike Trail
  • 2-minute walk to Pelican Park

About This Home

As of June 2026

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.

Last Agent to Sell the Property

Mike Lopus

Colliers International Brokerage Phone: (805) 680-8806 License #01970736 Listed on: 03/11/2026

Last Buyer's Agent

Non Member

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1989

Lot Details

  • 4,356 Sq Ft Lot
  • 1 Common Wall
  • Wood Fence
  • No Sprinklers

Home Design

  • Property Attached
  • Turnkey
  • Composition Roof

Interior Spaces

  • 1,027 Sq Ft Home
  • Ocean Views
  • Free-Standing Range
  • Laundry in unit

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Parking

  • 2 Parking Spaces
  • Parking Available
  • Paved Parking

Utilities

  • Ductless Heating Or Cooling System
  • Wall Furnace

Listing and Financial Details

  • Assessor Parcel Number 075222019

Community Details

Overview

  • 2 Units

Recreation

  • Bike Trail

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Insurance Expense $7,750
  • Operating Expense $57,497
  • Gross Income $192,000
  • Net Operating Income $134,503

Property Details

Home Type

Multi-Family

Year Built

Built in 1989

Lot Details

4,356 Sq Ft Lot

Listing Details

  • Assessments: No
  • Property Attached: Yes
  • Subdivision Name Other: Ocean Terrace
  • View: Yes
  • Property Condition: Turnkey
  • Property Type: Residential Income
  • Parcel Number: 075222019
  • Year Built: 1989
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: 1 Common Wall
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 2168.45

Exterior Features

  • View: Ocean
  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Concrete
  • Total Parking Spaces: 2.00

Utilities

  • Sprinklers: No
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Refrigerator, Free-Standing Range
  • Heating Type: Ductless, Wall Furnace
  • Cooling: Electric, Ductless
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Biking

Lot Info

  • Land Lease: No
  • Lot Features: Sprinklers None
  • Lot Size Sq Ft: 4356.00
  • Lot Size Acres: 0.1000

Multi Family

  • Gross Income: 192000.00
  • Gross Scheduled Income: 192000.00
  • Insurance Expense: 7750.00
  • Lot Size Area: 4356.0000 Square Feet
  • Net Operating Income: 134503.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 57497.00
  • Rent Control: No
  • Total Expenses: 57497.00

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 11, 2026
Closed on
Jun 2, 2026
Sold by
Bought by
Seller's Agent
Mike Lopus
Colliers International
Buyer's Agent
Non Member
List Price
$2,325,000
Sold Price
$2,227,000
Premium/Discount to List
-$98,000
-4.22%
Views
54

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.29%
Original Mortgage
$832,750
Interest Rate
0.0623%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 7, 2022
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$900,000
Interest Rate
0.0455%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 28, 2014
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$489,525
Interest Rate
0.04%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Apr 14, 2014
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$489,525
Interest Rate
0.04%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Dec 24, 2013
Sold by
Bought by

Purchase Details

Closed on
Sep 21, 2010
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
0.0435%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Aug 19, 2010
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
0.0435%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Feb 20, 2009
Sold by
Bought by

Purchase Details

Closed on
Nov 29, 2006
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$628,125
Interest Rate
0.0637%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 14, 2004
Sold by
Bought by

Purchase Details

Closed on
Jul 2, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$404,800
Interest Rate
0.0518%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Grant Deed $2,227,000 Fidelity National Title Compan
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
Interfamily Deed Transfer -- Stewart Title Of Ca Inc
Grant Deed -- Stewart Title Of Ca Inc
Interfamily Deed Transfer -- First American Title Company
Guardian Deed $506,000 Fidelity National Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Loan Amount Loan Type
Closed $832,750 New Conventional
Closed $5,450,000 Credit Line Revolving
Closed $900,000 New Conventional
Closed $1,000,000 Commercial
Closed $489,525 Adjustable Rate Mortgage/ARM
Closed $489,525 Adjustable Rate Mortgage/ARM
Closed $1,000,000 Future Advance Clause Open End Mortgage
Closed $628,125 Purchase Money Mortgage
Closed $404,800 Purchase Money Mortgage
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
06/11/2026 06/11/26 Sold $2,227,000 -4.2% $2,168 / Sq Ft
05/06/2026 05/06/26 Pending -- -- --
03/11/2026 03/11/26 For Sale $2,325,000 -- $2,264 / Sq Ft
Source: Ventura County Regional Data Share

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $11,185 $1,281,672 $625,186 $656,486
2025 $11,185 $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
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Ventura County Regional Data Share

MLS Number: V1-35131

Ventura County Regional Data Share

APN: 075-222-019

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