406 Ellwood Beach Drive, Goleta, CA 93117

Goleta
Local realty services provided by:Better Homes and Gardens Real Estate Wine Country Group
406 Ellwood Beach Drive,Goleta, CA 93117
$3,600,000
  • 16 Beds
  • 12 Baths
  • 6,819 sq. ft.
  • Multi-family
  • Active
Listed by: daniel withers
Office: matthews real estate investment services
MLS#:26667697
Source:CRMLS

Price summary

  • Price:$3,600,000
  • Price per sq. ft.:$527.94

About this home

-Prime Coastal Location: Located steps from Ellwood Beach in the highly sought-after Goleta submarket of Santa Barbara County, benefiting from strong renter demand driven by proximity to UCSB, Isla Vista spillover, and major South Coast employment centers. -Desirable Unit Mix: Two-bedroom layouts align with strong local demand from students, young professionals, and shared living arrangements common in the UCSB-adjacent rental market. -Clear Rental Upside: Current rents average $2,845 for two-bedroom/one-bath units and $2,994 for two-bedroom/two-bath units, while renovated units achieve $3,200 per month, demonstrating immediate mark-to-market potential. -Proven Renovation Strategy: Upgrades including new appliances, water heaters, interior paint, and modern finishes have been completed for approximately $40,000 per unit, establishing a repeatable value-add model. -Additional Income Stream: On-site laundry generates approximately $6,000 in annual ancillary income. -Favorable Regulatory...

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Home facts

  • Listing ID #:26667697
  • Added:3 day(s) ago
  • Updated:March 23, 2026 at 01:35 PM

Rooms and interior

  • Bedrooms:16
  • Total bathrooms:12
  • Living area:6,819 sq. ft.

Structure and exterior

  • Building area:6,819 sq. ft.
  • Lot area:0.26 Acres
  • Levels:Multi Split

Finances and disclosures

  • Price:$3,600,000
  • Price per sq. ft.:$527.94
Based on information from California Regional Multiple Listing Service, Inc. as of March 24, 2026 . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

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