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357 Mathilda Dr 10 Unit Apartment Building $3,150,000 ($315,000/Unit) 3.50% Cap Rate Goleta, CA 93117



Executive Summary
This 10 unit apartment complex is located in the Ellwood Mesa area of Goleta. This area is close to UCSB and several business parks in the area. All ten units are studio lofts approximately 490 SF each. Current rents are approximately 78% of market rents.
Property Facts
| Price | $3,150,000 | Apartment Style | Low-Rise |
| Price Per Unit | $315,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.23 AC |
| Cap Rate | 3.50% | Building Size | 4,864 SF |
| Gross Rent Multiplier | 15.4 | Average Occupancy | 100% |
| No. Units | 10 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1974 |
| Property Subtype | Apartment | Parking Ratio | 2.47/1,000 SF |
| Price | $3,150,000 |
| Price Per Unit | $315,000 |
| Sale Type | Investment |
| Cap Rate | 3.50% |
| Gross Rent Multiplier | 15.4 |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.23 AC |
| Building Size | 4,864 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1974 |
| Parking Ratio | 2.47/1,000 SF |
Amenities
Unit Amenities
- Kitchen
- Refrigerator
- Range
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 10 | $2,200 | 490 |
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Fairly walkable
40/100
Very drivable
80/100
Limited public transit
30/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 079-554-019 | Improvements Assessment | $243,686 |
| Land Assessment | $43,850 | Total Assessment | $287,536 |
Property Taxes
Parcel Number
079-554-019
Land Assessment
$43,850
Improvements Assessment
$243,686
Total Assessment
$287,536
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Contact the Sale Advisor
357 Mathilda Dr
