257 Mathilda Drive, GOLETA, CA 93117 (MLS# 26-2332)

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257 Mathilda Drive, GOLETA, CA 93117

$2,195,000

Property Type: Res Inc Square Footage: 4,710 Lot Size (sq. ft.): 6,970 Status: Active

Current Price: $2,195,000 List Date: 7/14/2026 Last Modified: 7/14/2026

Overview

Description

Located in the desirable Ellwood Beach neighborhood of the City of Goleta, this six-unit apartment property offers a highly attractive unit mix of four 2-bedroom, 1.5-bath townhomes--each featuring a private patio--and two 1-bedroom, 1-bath flats. Residents enjoy an exceptional coastal lifestyle, with the Ellwood Beach Preserve, scenic hiking and walking trails, pristine beaches, and bike paths all within walking distance. The property is also conveniently situated near the intersection of Hollister Avenue and Storke Avenue, providing immediate access to five shopping centers offering a wide array of dining, retail, and everyday amenities. See ''more''

Supplements: Its strategic location near Goleta's prominent Office and Technology Parks and the University of California, Santa Barbara positions the property to attract and sustain a diverse tenant base, including families, young professionals, and students alike. Laundry: Yes, common laundry room Utilities: Separately metered for electricity Inspections: C ... (Read more)

Listing Details MLS# 26-2332

Location Info

District: 30 - SB/GOL SOUTH
Street #: 257
Street Name: Mathilda
Street Suffix: Drive
State: CA
Country: US
Postal Code: 93117
Compass Map: Santa Barbara
Map Grid: D11
County: Santa Barbara
Parcel Number: 079-554-007
Cross Street: Hollister Ave

Contract Info

Price: 2195000
Seller Consider Concessions: Yes
Begin Date: 2026-07-14

Property Information

Number of Units: 6
Stories: 2
Year Built: 1970
Main House SqFt: 4710
Apx Lot SqFt: 6970
Recurring Fees: No

NeighborhoodSchools

Neighborhood: 30 - Ellwood/Santa Barbara Shores

Remarks

Hot Sheet Comment: new

Owner Info

Deposit: 65850
Deposit Type: $
COE: ASAP

More Information

Miscellaneous

Parking Spaces: 5

Unit 1

# Units: 4
# Bedrooms: 2
# Baths: Yes
# Half Baths: Yes
Rent: 2275
Monthly Total: 9100

Unit 2

# Units: Yes
# Bedrooms: Yes
# Baths: Yes
Rent: 2150
Monthly Total: 2150

Unit 3

# Units: Yes
# Bedrooms: Yes
# Baths: Yes
Rent: 2100
Monthly Total: 2100

Meters

Sep Meter Wtr: N
Sep Meter Elec: Y
Sep Meter Gas: Yes

Parking Info

Total # Unconvered Spaces: 5

Neighborhood/Schools

Elementary School: Isla Vista
Junior High School: Gol Valley
High School: Dos Pueblos

Foundation

Slab: Yes

Proximity

Near Golf Course: Yes
Near Ocean: Yes
Near Park(s): Yes
Near Shopping: Yes

Laundry

Laundry Room: Yes

Income/Expenses

Total Monthly Income: 13350
Other Income: 173
Annual Income: 162270
Gross Rent Multiplr: 13.53
Capitalization Rate: 4.58%
Estimated: Yes
Vac Factor: 2%
Taxes: 1921
Insurance: 532
Water Expense: 781
Electric Expense: 128
Maintenance Expense: 425
Total Monthly Exp: 4879
Total Annual Exp: 58547
NOI: $100,477

Zoning

Other: Yes

Reports Available

Home Inspection: Yes
Pest Inspection: Yes
Prelim: Yes
Roof: Yes

Terms

Cash: Yes

Listing Type

ER: Yes

Contingent Remarks

SUBJ 2 INSPECT: Yes

Owner Provides

Water: Yes
Trash: Yes
Other: Yes

Exchange

No: Yes

Property Features

Foundation: Slab Proximity: Near Golf Course; Near Ocean; Near Park(s); Near Shopping Laundry: Laundry Room Owner Provides: Water; Trash; Other Zoning: Other Reports Available: Home Inspection; Pest Inspection; Prelim; Roof Exchange: No Terms: Cash Listing Type: ER Contingent Remarks: SUBJ 2 INSPECT

Listing Office: Hayes Commercial Group

Last Updated: July - 14 - 2026

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