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Glen Henderson

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

$2,900,000

Est. payment - /mo

2 Beds

2 Baths

10,454 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 V1-37442

Bedrooms 2

Lot Size 10,454 Sqft

Property Sub-Type Res Income 2-4 Units

Type of Financing Cash,Conventional

Property Type Res Income 2-4 Units

Property Description

Offered for the first time in decades, 431 Ellwood Beach Drive presents a rare opportunity to acquire a seven-unit apartment community in one of Goleta's most desirable coastal neighborhoods, just a few blocks from Ellwood Beach. Comprised of spacious two-bedroom, two-bathroom units, the property generates strong in-place income at a 5.20% current cap rate. Many units feature updated flooring, while two upstairs residences benefit from vaulted ceilings that enhance the sense of space and natural light. Tenants also benefit from off street covered parking and storage. Located just moments from Ellwood Beach, Ellwood Mesa Open Space, UCSB, and Goleta's major employment centers, the property offers an exceptional blend of coastal living and everyday convenience. With its attractive unit layouts, well-maintained condition, and irreplaceable location near the coast, 431 Ellwood Beach Drive represents a rare multifamily investment opportunity in one of Santa Barbara County's most sought-after rental markets.

Location

State CA

County Santa Barbara

Zoning Other

Direction Turn into Entrance Rd and follow the left road. The property will be on your right side near the end.

Interior

Heating Radiant

Fireplace No

Exterior

View Y/N No

Roof Type Other/Remarks

Others

Senior Community No

Tax ID 079553005

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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Listed by Steven Golis, DRE#00772218 Radius Group Commercial RE

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

431 Ellwood Beach Drive Goleta, CA 93117

Glen Henderson

Key Details

Location

Interior

Exterior

Others

Nearby School & Business

Get More Information