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Glen Henderson

[email protected] +1(619) 889-7646

$2,325,000

Est. payment - /mo

3 Beds

2 Baths

4,356 Sqft Lot

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Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID V1-35131

Bedrooms 3

Lot Size 4,356 Sqft

Property Sub-Type Res Income 2-4 Units

Type of Financing Cash,Conventional

Property Type Res Income 2-4 Units

Property Description

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.

Location

State CA

County Santa Barbara

Zoning Public Rec

Direction Take US 101 N toward Goleta, Exit at N Los Carneros Rd. (Exit 107) Turn left onto N Los Carneros Rd, continue toward the ocean,

Interior

Fireplace No

Exterior

View Y/N No

Roof Type Composition

Others

Senior Community No

Tax ID 075222019

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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Listed by Michael Lopus, DRE#01970736 Colliers International

Nearby School & Business

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Glen Henderson

+1(619) 889-7646

Broker Associate | CA BRE #01384181

Broker Associate CA BRE #01384181

San Diego Communities

6516 Del Playa Drive Goleta, CA 93117

Glen Henderson

Key Details

Location

Interior

Exterior

Others

Nearby School & Business

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