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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
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
Fairly walkable
40/100
Very drivable
80/100
Limited public transit
30/100
Moderately bikeable
70/100

Property Taxes

Property Taxes

Parcel Number
079-554-019
Land Assessment
$43,850
Improvements Assessment
$243,686
Total Assessment
$287,536
  • Listing ID: 40811584

  • Date on Market: 6/5/2026

  • Last Updated:

  • Address: 357 Mathilda Dr, Goleta, CA 93117

Contact the Sale Advisor

357 Mathilda Dr

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