431 Ellwood Beach DR, Goleta, CA 93117
431 Ellwood Beach DR, Goleta, CA 93117
431 Ellwood Beach DR, Goleta, CA 93117
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$2,900,000
Est. payment /mo
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10,454 Sqft Lot
Active

431 Ellwood Beach DR Goleta, CA 93117

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Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

MLS Listing ID V1-37442

HOA Y/N No

Year Built 1970

Lot Size 10,454 Sqft

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

Zoning R-MR

Interior

Interior Features Balcony, High Ceilings

Heating Radiant

Cooling None

Flooring Carpet, Vinyl

Fireplaces Type None

Fireplace No

Appliance Electric Cooktop, Microwave

Laundry Common Area

Exterior

Parking Features Attached Carport, Off Street, Paved, Uncovered

Carport Spaces 2

Pool None

Community Features Biking, Golf, Hiking, Preserve/Public Land, Park

View Y/N No

View None

Roof Type See Remarks

Accessibility Parking

Total Parking Spaces 11

Private Pool No

Building

Lot Description Near Park, Sprinklers None

Story Two

Entry Level Two

Foundation Slab

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 079553005

Security Features Smoke Detector(s)

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

Lease Land No

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Steven Golis Radius Group Commercial RE sgolis@radiusgroup.com, DRE #00772218

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431 Ellwood Beach DR

 
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