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… Read More 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. Read Less
Property listed by Colliers International, Michael Lopus 310-259-7556
Listing Snapshot
Days Online
96
Last Updated
Lot Size
0.1 Acres
Year Built
1989
MLS Number
V1-35131
Additional Details
Appliances & Equipment
FreeStandingRange, Refrigerator
Building
Built in 1989, 1 building, Levels: Two
Community
Biking
Cooling
Ductless, Electric
Expenses
Insurance: $7,750, Operating: $57,497
Fence
Wood
Fireplaces
None
Heating
Ductless, WallFurnace
Home Owner's Association
Association Fee: $0
Income
Gross Income: $192,000, Gross ScheduledIncome: $192,000, Net Operating Income: $134,503
Lot
0.1 acres, SprinklersNone
Parking
2 total parking spaces, Concrete
Pool
None
Property
Turnkey, Ocean
Roof
Composition
Taxes
Parcel Number: 075222019
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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