117 Magnolia Ave - Apartments FOR SALE


Goleta, CA 93117- Downtown Goleta
$1,995,000 USD
805-455-4003
117 Magnolia Ave, Goleta, CA for Sale
$1,995,000 USD
Apartments - FOR SALE
1/9
null | Request Cap Rate

117 Magnolia Ave
Goleta, CA 93117
Downtown Goleta


HIGHLIGHTS

  • Unit Mix: (2) Studios; (2) 1BD/1BA; (2) 2BD/2BA.
  • Parking: 2-car carport & 5 open spaces.
  • Current CAP rate: 5.13% (as of 6/1/26).
  • Located near the University of California, Santa Barbara and Goleta's tech employment corridor.
  • NOI: $102,412

OVERVIEW

Prime Goleta 6-Unit with Strong Income & Value-Add Upside. 117 Magnolia Ave presents a rare opportunity to acquire a well-located 6-unit apartment building in the heart of Goleta. This property offers strong in-place income with upside potential through rental increases and operational efficiencies. Situated in a highly desirable rental market near major employers, retail amenities, and UCSB, the asset benefits from consistent tenant demand and long-term appreciation potential. Ideal for investors seeking stable cash flow with value-add potential in one of Santa Barbara County’s most sought-after submarkets.

FOR SALE DETAILS

PRICE

$1,995,000 USD

PRICE/SF

$502 USD /SF

# OF UNITS

6

PRICE/UNIT

$332,500

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

6-Unit Multi-Family Asset in Old Town Goleta

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1965

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

RM

APN/PARCEL ID

071-052-004

ASK ABOUT THIS PROPERTY

Rob HambletonRadius Commercial Real EstateMore Info
805-455-4003

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Rob HambletonRadius Commercial Real EstateMore Info
805-455-4003

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.