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.