$2,900,000

Multi Family In Goleta

  • 2 Beds
  • 2 Baths
  • 10,455 Sqft lot
  • Updated: July 8
  • Source:
    San Diego MLS  MLS#V1-37442

About the Property

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, whi
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.
  • Property type

    Other

Features

  • Investment Property
  • High Ceiling
  • Coastal
  • Parking

Explore the Area

431 Ellwood Beach Drive, Goleta, California, United States View on Google Maps
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Radius Group Commercial RE - Santa Barbara

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Radius Group Commercial RE - Santa Barbara
California, United States
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4
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2026
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Radius Group Commercial RE - Santa Barbara
Santa Barbara, California, United States
View agency profile
Last updated
July 8
First listed
Jul 8
Listing reference
V1-37442
Listing status
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