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406 Ellwood Beach Dr
Goleta, CA 93117
Multifamily Property For Sale
·
8 Units
Investment Highlights
- Prime Goleta location steps from Ellwood Beach and 2 miles from UCSB campus.
- Current average rents of $2,845–$2,994 with renovated units achieving $3,200/month.
- On-site laundry generates $6,000 in annual ancillary income for added revenue.
- Eight-unit multifamily with desirable two-bedroom layouts and strong rental demand.
- Proven value-add model with $40,000 per unit in recent renovations.
- Offered at $3,600,000 with a 5.05% cap rate and $181,627 NOI.
Property Facts
| No. Units | 8 | Lot Size | 0.26 AC |
| Property Type | Multifamily | Building Size | 6,819 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1968 |
| Building Class | C | Parking Ratio | 3.52/1,000 SF |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.26 AC |
| Building Size | 6,819 SF |
| No. Stories | 2 |
| Year Built | 1968 |
| Parking Ratio | 3.52/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 8 | - | - |
Property Taxes
| Parcel Number | 079-551-016 | Improvements Assessment | $2,590,596 |
| Land Assessment | $1,300,500 | Total Assessment | $3,891,096 |
Property Taxes
Parcel Number
079-551-016
Land Assessment
$1,300,500
Improvements Assessment
$2,590,596
Total Assessment
$3,891,096
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