431 Ellwood Beach Drive, Goleta, CA 93117

Goleta
Local realty services provided by:Better Homes and Gardens Real Estate Clarity
431 Ellwood Beach Drive,Goleta, CA 93117
$2,900,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: steven golis
Office: radius group commercial re805-455-6891
MLS#:V1-37442
Source:CRMLS

Price summary

  • Price:$2,900,000

About this home

Offered for the first time in decades, 431 Ellwood Beach Drive presents a rare opportunity to acquire a seven-unit apartment community in one of Goleta's most desirable coastal neighborhoods, just a few blocks from Ellwood Beach. Comprised of spacious two-bedroom, two-bathroom units, the property generates strong in-place income at a 5.20% current cap rate. Many units feature updated flooring, while two upstairs residences benefit from vaulted ceilings that enhance the sense of space and natural light. Tenants also benefit from off street covered parking and storage. Located just moments from Ellwood Beach, Ellwood Mesa Open Space, UCSB, and Goleta's major employment centers, the property offers an exceptional blend of coastal living and everyday convenience. With its attractive unit layouts, well-maintained condition, and irreplaceable location near the coast, 431 Ellwood Beach Drive represents a rare multifamily investment opportunity in one of Santa Barbara County's most...

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Home facts

  • Year built:1970
  • Subdivision & Development:Not Applicable
  • Listing ID #:V1-37442
  • Added:47 day(s) ago
  • Updated:August 24, 2026 at 11:06 AM

Rooms and interior

  • Flooring:Carpet, Vinyl
  • Kitchen Description:Electric Cooktop, Microwave

Heating and cooling

  • Heating:Radiant

Structure and exterior

  • Year built:1970
  • Lot area:0.24 Acres
  • Lot Features:Near Park
  • Construction Materials:Drywall
  • Foundation Description:Slab
  • Levels:2 Story

Finances and disclosures

  • Price:$2,900,000

Features and amenities

  • Appliances:Electric Cook Top
  • Amenities:Balcony, High Ceilings

Parking

  • Total parking spaces:11
  • Parking description:2 Carport Space(s), Attached Carport, Off Street, Paved, Uncovered
  • Carport spaces:2
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