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About the Listing V6544 - VC199501844
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.
Listing Highlights
Interior Details
- Bedrooms: 2
- Bathrooms: 2 Full
- Appliances: Electric Cooktop, Microwave
- Air Cond:
- Heating: Radiant
- Fireplaces:
- Floor: Carpet,Vinyl
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other: Balcony,High Ceilings
- Water:
Exterior Details
- Lot Description: Near Park,Sprinklers None,No Land Lease
- Garage Capacity: N/A
- Parking Spaces: 11
- Zoning: R-MR
- Roof: See Remarks
- Others: Drywall,2+ Total Units
- Sewer:
- Parking Features: Attached Carport,Off Street,Paved,Uncovered
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 079553005
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Questions About..
431 Ellwood Beach Dr Goleta, CA 93117
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