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$2,900,000
Est. payment /mo
2 Beds
2 Baths
10,454 Sqft Lot
UPDATED:
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
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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