$1,400,000 USD
805-410-2992
7392 Freeman Pl
Goleta, CA 93117
West Santa Barbara
HIGHLIGHTS
- Rare Goleta Investment Opportunity: Premium duplex opportunity in Goleta, one of California’s most supply-constrained coastal rental markets, offering
- Best-in-Class Unit Sizes: Two-unit configuration (2BR/1BA and 3BR/2BA) averaging 1,219 SF per unit, significantly larger than typical Goleta rental in
- Strong In-Place Rents: Current rents of $3,870 and $4,515 reflect strong demand for larger-format housing in the Goleta market.
- Exempt from Rent Control: As an owner-occupied duplex, the property qualifies for the AB 1482 owner-occupied exemption, and the City of Goleta’s Tenan
- Full Operational Flexibility: Ownership maintains full control over rent adjustments, lease structures, and long-term income strategy.
- Alternative to Nearby Regulated Markets: Attractive option for investors exiting Santa Barbara, Oxnard, and Ojai, where rent control policies limit an
FOR SALE DETAILS
PRICE
$1,400,000 USD
PRICE/SF
$574 USD /SF
# OF UNITS
2
PRICE/UNIT
$700,000
CAP RATE
4.39%
% LEASED
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
7392 Freeman Pl
PROPERTY TYPE
Multi-Family
TOTAL BUILDING SIZE
-
STORIES
2
YEAR BUILT
1970
PARKING SPACES
-
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
073-240-026
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805-410-2992
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805-410-2992
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