280 Mathilda Drive, GOLETA, CA 93117 (MLS# 23-1122)

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280 Mathilda Drive, GOLETA, CA 93117

$4,000,000

Property Type: Res Inc Square Footage: 7,510 Lot Size (sq. ft.): 10,018 Status: Closed

Current Price: $4,000,000 List Date: 4/27/2023 Last Modified: 9/15/2024

Overview

Description

280 Mathilda Dr. is a well located apartment complex in Goleta consisting of 12 1BD/1BA units with a mix of covered and carport parking. The location has convenient access to various shopping centers including Camino Real Marketplace, Hollister Village, and Storke Plaza which are home to a majority of the area's national retailers including Costco, Home Depot and Target. This area also draws significant traffic from UCSB and therefore vacancy remains low with a continuous need for housing for students, staff and workforce. The neighborhood also provides great access to a plethora of beaches and trails, Girsh Park, Monarch Butterfly Grove, Sandpiper Golf Course and The Ritz-Carlton Bacara. Current rents produce a cap rate of 4.21%.

Listing Details MLS# 23-1122

Location Info

District: 35 - SB/GOL NORTH
Street #: 280
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: 079-552-010
Cross Street: Hollister Ave

Contract Info

Price: 4195000
Buyers Agent $/%: 2.5
Begin Date: 2023-04-27

Status Information

Sold Date: 2023-07-06
Under Contract Date: 2023-05-08

Property Information

Number of Units: 12
Year Built: 1967
Main House SqFt: 7510
Apx Lot SqFt: 10018
Recurring Fees: No

Remarks

Hot Sheet Comment: new

Owner Info

Deposit: 125850

More Information

Unit 1

# Units: 12
# Bedrooms: 12
# Baths: 12
Furnished: N
Rent: 2200
Monthly Total: 25825
# Half Baths: 0

Neighborhood/Schools

Elementary School: Other
Junior High School: Gol Valley
High School: Dos Pueblos

Income/Expenses

Gross Rent Multiplr: 15.10
Capitalization Rate: 4.21%

Zoning

Other: Yes

Terms

Cash: Yes
Conventional: Yes

Listing Type

ER: Yes

Property Features

Zoning: Other Terms: Cash; Conventional Listing Type: ER

Documents

Flyer ›

Listing Office: Radius Group Commercial R.E.

Last Updated: September - 15 - 2024

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