255 ELLWOOD BEACH Drive, GOLETA, CA 93117
$6,700,000
Property Type:
Res Inc
Lot Size (sq. ft.):
27,878
Status:
Closed
Current Price:
$6,700,000
List Date:
9/27/2011
Last Modified:
9/15/2024
Description
Great opportunity to acquire 2 well-maintained apartment complexes on l lot located adjacent to Ellwood Beach Preserve. Consisting of a 15 unit complex & 16 unit complex. Unit Mix: 8(2BD/2BA), 2(2BD/1BA), 20(1BD/1BA) & 1(Studio). The neighborhood serves as a vital rental community to UCSB & local workforce. 24 open parking spaces, 10 carports & 2 garages.
More Information MLS# 11-3296
Location Info
Country: US
Compass Map: Santa Barbara
Map Grid: D11
Cross Street: Hollister Avenue
District: 30 - SB/GOL SOUTH
Street #: 255
Street Name: ELLWOOD BEACH
Street Suffix: Drive
State: CA
Postal Code: 93117
County: Santa Barbara
Parcel Number: 079-552-037
Contract Info
Buyers Agent $/%: 2
Current Price: $6,700,000
Price: 6750000
Begin Date: 2011-09-27
Status: Closed
Property Information
Year Built: 0
Stories: 2
Apx Lot SqFt: 27878
Apx # Acres: 0.64
Number of Units: 31
Assessor's Data
Assessor Year Built: 0
Assessor SqFt: 0
Assessor Lot Acres: 0.64
Neighborhood/Schools
Elementary School: Other
Junior High School: Gol Valley
High School: Dos Pueblos
Owner Info
Deposit: 150000
Remarks
Hot Sheet Comment: new
Condition
Good: 1
Foundation
Slab: 1
Miscellaneous
Parking Spaces: 36
Proximity
Near Bus: 1
Near Hospital: 1
Near Ocean: 1
Near Park(s): 1
Near School(s): 1
Near Shopping: 1
Laundry
Laundry Room: 1
Unit 1
# Units: 8
# Bedrooms: 2
# Baths: 2
# Half Baths: 0
Furnished: N
Rent: 1800
Monthly Total: 14210
Income/Expenses
Total Monthly Income: 44660
Other Income: 1050
Annual Income: 548520
Gross Rent Multiplr: 12.31
Capitalization Rate: 5.45%
Actual: 1
Vac Factor: 2.5%
Taxes: 72900
Insurance: 4500
Water Expense: 8929
Electric Expense: 1755
Gas Expense: 3302
Trash Expense: 3691
Maintenance Expense: 15500
Total Annual Exp: 163808
NOI: 368,527
Heating
Wall: 1
Unit 2
# Units: 2
# Bedrooms: 2
# Baths: 1
# Half Baths: 0
Furnished: N
Rent: 1725
Monthly Total: 3445
Zoning
Other: 1
Terms
Cash: 1
Conventional: 1
Listing Type
ER: 1
Unit 3
# Units: 20
# Bedrooms: 1
# Baths: 1
# Half Baths: 0
Furnished: N
Rent: 1300
Monthly Total: 26010
Unit 4
# Units: 1
# Bedrooms: 0
# Baths: 1
# Half Baths: 0
Furnished: N
Rent: 995
Monthly Total: 995
Meters
Sep Meter Wtr: N
Sep Meter Elec: Y
Sep Meter Gas: Yes
Parking Info
Carport: 1
Garage: 1
Cpt #5: 1
Outside: 1
Unc #5: 1
Flr/Wdw Coverings
Carpet: 1
Hardwood: 1
Tile: 1
Vinyl: 1
Owner Provides
Water: 1
Trash: 1
Exchange
Poss: 1
Status Information
Sold Date: 2012-10-18
Sold Price: $6,700,000
Under Contract Date: 2012-02-27
NeighborhoodSchools
Neighborhood: 30 - Ellwood/Santa Barbara Shores
Property Features
Condition: Good
Foundation: Slab
Parking Info: Carport; Garage; Carport; Cpt #5; Outside; Unc #5
Proximity: Near Bus; Near Hospital; Near Ocean; Near Park(s); Near School(s); Near Shopping
Laundry: Laundry Room
Heating: Wall
Owner Provides: Water; Trash
Zoning: Other
Exchange: Poss
Terms: Cash; Conventional
Listing Type: ER
Listing Office:
The Channel Group
Last Updated: September - 15 - 2024
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