283 Ellwood Beach Drive
Goleta, CA 93117
- – beds
- – baths
- – sqft
- 10,018 sqft lot
- 1970 build
- – on site
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Great value-add opportunity to acquire 12-unit Goleta apartment building that is on the market for the first time in 45 years. Convenient location for tenants with easy access to UCSB, major tech employers, Camino Real Marketplace and Monarch Butterfly Grove. Features (11) 1BD/1BA apartments and (1) studio with a mix of carport and uncovered parking along with onsite laundry room. Building is all electric and has individual electric meters and individual water heaters. Recent improvements include all new asphalt driveway, sewer lateral repaired, section 1 pest spot treatment completed. Roof is 10 years old. Current rents below market. One unit to be left vacant through close of escrow. Major upside in rental income potential can be realized by a new owner through a modernization of interiors. 6.0% Cap Rate on market rents. Several property inspection reports available upon request.
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Last updated Apr 17, 2023
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MLS# V1-16221 —
Walk Score®
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Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Soundscore™
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Max Internet Speed
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Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
4/17/23
Apr 17, 2023
|
Sold | CRMLS_CA | $4,000,000 | -3.6% |
|
3/14/23
Mar 14, 2023
|
Pending | CRMLS_CA | $4,150,000 | |
|
2/15/23
Feb 15, 2023
|
Price Changed | CRMLS_CA | $4,150,000 | -4.6% |