This Multifamily 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)

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