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7392 Freeman Pl - 7392 Freeman Pl 2 Unit Apartment Building Offered at $1,400,000 at a 4.39% Cap Rate Goleta, CA 93117
Investment Highlights
- Rare Goleta Investment Opportunity: Premium duplex opportunity in Goleta, one of California’s most supply-constrained coastal rental markets, offering
- Strong In-Place Rents: Current rents of $3,870 and $4,515 reflect strong demand for larger-format housing in the Goleta market.
- Full Operational Flexibility: Ownership maintains full control over rent adjustments, lease structures, and long-term income strategy.
- Best-in-Class Unit Sizes: Two-unit configuration (2BR/1BA and 3BR/2BA) averaging 1,219 SF per unit, significantly larger than typical Goleta rental in
- Exempt from Rent Control: As an owner-occupied duplex, the property qualifies for the AB 1482 owner-occupied exemption, and the City of Goleta’s Tenan
- Alternative to Nearby Regulated Markets: Attractive option for investors exiting Santa Barbara, Oxnard, and Ojai, where rent control policies limit an
Executive Summary
Broker of Record
David Harrington
License # 02168060, 01320460 (CA)
Matthews Real Estate Investment Services, Inc
2321 Rosecrans Ave., Suite 1225, El Segundo, CA 90245
(866) 889-0550
David Harrington
License # 02168060, 01320460 (CA)
Matthews Real Estate Investment Services, Inc
2321 Rosecrans Ave., Suite 1225, El Segundo, CA 90245
(866) 889-0550
Property Facts
| Price | $1,400,000 | No. Units | 2 |
| Price Per Unit | $700,000 | Property Type | Multifamily |
| Sale Type | Investment | Building Size | 2,437 SF |
| Cap Rate | 4.39% | No. Stories | 2 |
| Gross Rent Multiplier | 13 | Year Built | 1970 |
| Price | $1,400,000 |
| Price Per Unit | $700,000 |
| Sale Type | Investment |
| Cap Rate | 4.39% |
| Gross Rent Multiplier | 13 |
| No. Units | 2 |
| Property Type | Multifamily |
| Building Size | 2,437 SF |
| No. Stories | 2 |
| Year Built | 1970 |
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Fairly walkable
40/100
Very drivable
80/100
Limited public transit
30/100
Moderately bikeable
70/100
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7392 Freeman Pl - 7392 Freeman Pl
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