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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

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%.

More Information MLS# 23-1122

Location Info

Country: US Compass Map: Santa Barbara Map Grid: D11 Cross Street: Hollister Ave District: 35 - SB/GOL NORTH Street #: 280 Street Name: Mathilda Street Suffix: Drive State: CA Postal Code: 93117 County: Santa Barbara Parcel Number: 079-552-010

Contract Info

Buyers Agent $/%: 2.5 Current Price: $4,000,000 Price: 4195000 Begin Date: 2023-04-27 Status: Closed

Property Information

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

Neighborhood/Schools

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

Owner Info

Deposit: 125850

Remarks

Hot Sheet Comment: new

Unit 1

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

Income/Expenses

Gross Rent Multiplr: 15.10 Capitalization Rate: 4.21%

Zoning

Other: 1

Terms

Cash: 1 Conventional: 1

Listing Type

ER: 1

Status Information

Sold Date: 2023-07-06 Sold Price: $4,000,000 Under Contract Date: 2023-05-08

Property Features

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

Documents

Listing Office: Radius Group Commercial R.E.
IDX
Last Updated: September - 15 - 2024
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