7392 Freeman Place, Goleta, CA 93117
Local realty services provided by:Better Homes and Gardens Real Estate Royal & Associates
7392 Freeman Place,Goleta, CA 93117
$1,400,000
- 5 Beds
- - Baths
- 2,437 sq. ft.
- Multi-family
- Active
Listed by: daniel withers
Office: matthews real estate investment services
MLS#:CL26667707
Source:Bay East, CCAR, bridgeMLS
Price summary
- Price:$1,400,000
- Price per sq. ft.:$574.48
About this home
-Rare Goleta Investment Opportunity: Premium duplex opportunity in Goleta, one of California's most supply-constrained coastal rental markets, offering durable tenant demand and long-term investment stability. -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 inventory and attractive to long-term tenants. -Strong In-Place Rents: Current rents of $3,870 and $4,515 reflect strong demand for larger-format housing in the Goleta market. -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 Tenant Protections Ordinance does not impose additional rent caps. -Full Operational Flexibility: Ownership maintains full control over rent adjustments, lease structures, and long-term income strategy. -Alternative to Nearby Regulated Markets: Attractive option for investors exiting Santa Barbara, Oxnard, and Ojai, where rent control policies limit annual income growth. -Durable Supply Constraints: Strict coastal development regulations and entitlement barriers across Santa Barbara County significantly restrict new housing supply. -Ideal for Passive and 1031 Investors: Stable tenant demand and a simple duplex s...
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Home facts
- Listing ID #:CL26667707
- Added:3 day(s) ago
- Updated:March 24, 2026 at 03:36 PM
Rooms and interior
- Bedrooms:5
- Living area:2,437 sq. ft.
Structure and exterior
- Building area:2,437 sq. ft.
- Lot area:0.25 Acres
Finances and disclosures
- Price:$1,400,000
- Price per sq. ft.:$574.48
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