$3,600,000 USD
805-410-2992
406 Ellwood Beach Dr
Goleta, CA 93117
West Santa Barbara
HIGHLIGHTS
- Prime Goleta location steps from Ellwood Beach and 2 miles from UCSB campus.
- Eight-unit multifamily with desirable two-bedroom layouts and strong rental demand.
- Current average rents of $2,845–$2,994 with renovated units achieving $3,200/month.
- Proven value-add model with $40,000 per unit in recent renovations.
- On-site laundry generates $6,000 in annual ancillary income for added revenue.
- Offered at $3,600,000 with a 5.05% cap rate and $181,627 NOI.
FOR SALE DETAILS
PRICE
$3,600,000 USD
PRICE/SF
$150 USD /SF
# OF UNITS
8
PRICE/UNIT
$450,000
CAP RATE
5.05%
% LEASED
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
2
YEAR BUILT
1968
PARKING SPACES
24
LAND DETAILS
LAND ACRES
0.26 AC
LAND SF
11,317 SF
ZONING
-
APN/PARCEL ID
079-551-016
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805-410-2992
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805-410-2992
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