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Listed by Steven Golis, DRE #00772218 • Radius Group Commercial RE
$ 2,900,000
Est. payment /mo
New
431 Ellwood Beach DR Goleta, CA 93117
10,454 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRV1-37442
Year Built 1970
Lot Size 10,454 Sqft
Source California Regional MLS
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
Area Glta - Goleta
Rooms
Kitchen Microwave, Other
Interior
Heating Radiant
Cooling None
Laundry Laundry Area
Exterior
Parking Features Carport , Off-Street Parking, Other, Uncovered Parking
Garage Spaces 11.0
Pool 31, None
View None
Roof Type Other
Building
Foundation Concrete Slab
Others
Tax ID 079553005
Special Listing Condition Not Applicable
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