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6516 Del Playa Dr Goleta, CA 93117

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For Sale
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Two-unit property with strong rental income in a prime location.

Property size:
2,500 SF
Lot size:
4,356.00 Acres

Property Features for 6516 Del Playa Dr

General Information

Standard status
Active
Size
2,500 SF
Lot size
4,356.00 Acres

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Listing Contact
Jack Gilbert
Source: Crexi

Listing Agency: Radius Commercial Real Estate & Investments Listing Agent: Jack Gilbert

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

Goleta Investment Opportunity

Located on Del Playa in Goleta, this property presents a two-unit investment opportunity. It features a 3-bedroom, 2-bathroom main residence and a 3-bedroom, 3-bathroom ADU. Both units are fully leased through the 2026/2027 academic year. The property generates a combined rental income of $17,000 per month, with the Net Operating Income (NOI) stepping from $130,663 to $141,073 year-over-year. Leases are already in place for the 2026/2027 academic year, providing cash flow certainty and a path to a 6.07% cap rate. The property size is 2500 square feet. Given limited inventory and student housing demand driven by UCSB, this asset offers a blend of current income and long-term appreciation in Santa Barbara County's rental markets.
Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Real Estate Agency Law Firm Spa & Massage Center Restaurant Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

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  • Local Demand
City
Goleta
County
Santa Barbara
State
California
Longitude
-119.8543712
Latitude
34.4093185

FAQs

What type of property is this?
Duplex - Two-unit property with strong rental income in a prime location.
Where is this duplex located?
The property is located at 6516 Del Playa Dr Goleta, CA.
What are key features of this property?
This property features: - High Rental Income: Generates $17,000/month in combined rental income.; - Strong NOI: Net Operating Income stepping from $130,663 to $141,073 year-over-year.; - Immediate Cash Flow: Leases in place through the 26/27 academic year.
More about this property
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