406 Ellwood Beach Drive, Goleta, CA 93117

Goleta
Local realty services provided by:ERA North Orange County Real Estate
406 Ellwood Beach Drive,Goleta, CA 93117
$3,600,000
  • 16 Beds
  • 12 Baths
  • 6,819 sq. ft.
  • Multi-family
  • Pending
Listed by: daniel withers
Office: matthews real estate investment services866-889-0550
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 $3,031 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:100 day(s) ago
  • Updated:June 29, 2026 at 08:10 AM

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

Finances and disclosures

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