This property is Off-Market

478 Mills Way
Goleta, CA 93117 ·

4 Units · Multifamily For Sale



Four plex with possible condo conversion

Price N/A Cap Rate 6%
No. Units 4 Gross Rent Multiplier 15
Building Size 3,600 SF Occupancy 100%
Property Type Multifamily No. Stories 2
Property Sub-type Duplex/Triplex/Fourplex Year Built 1970
Property Use Type Investment Lot Size 9,583 SF
Commission Split 2.5%
Listing ID: 15999935 Date Created: 11/21/2008 Last Updated: 09/11/2009


Hard to find 4-plex in great residential location near UCSB & Camino Real. This turn key property has great cash flow ($8,300/mo income) and boasts new kitchens, baths, appliances, granite counters, tile, landscaping, auto. sprinklers, fencing, exterior lighting & more. Potential condo conversion w/ separate electric & gas meters, 7 parking spaces (possible 8th at bike storage).

Take Storke Rd. to Phelps, head west to Mills Way.


  • Possible Condo Conversion
  • Separate meters
  • Close to U.C.S.B.
  • Turn key property
  • New Kitchens with Granite Counters, and renovated bathrooms
  • Great Cash Flow


478 Mills Way, Goleta, CA 93117 (Santa Barbara County)

Property Record Data - Historical Listings, current tax, mortgage, owners & tenant info for this property

Goleta Market Trends - Asking price index trends, sale price trends, asking rent trends

John Thyne's Other Listings

  • 4399 La Paloma
    4399 La Paloma

    Santa Barbara, CA 93105

    For Sale · $1,095,000

    1.40 Acre


  • 2708 Vista Oceano
    2708 Vista Oceano

    Summerland, CA 93013

    For Sale · $20,000,000

    11.30 Acre

    Residential (land)

  • 1605 Garden
    1605 Garden

    Santa Barbara, CA 93101

    For Sale · $1,295,000

    2,114 SF Building

    Single-Unit (SFR/Condo)

  • 415 Alameda Padre Serra
    415 Alameda Padre Serra

    Santa Barbara, CA 93103

    For Sale · $1,224,900

    2,800 SF Building


The LoopNet service and information provided therein, while believed to be accurate, are provided "as is". LoopNet disclaims any and all representations, warranties, or guarantees of any kind.

I am a place holder, please don't judge me!!! (no, I judge you!)