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:
7/07/2023
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
District: 35 - SB/GOL NORTH
Street #: 280
Street Name: Mathilda
Street Suffix: Drive
State/Province: CA
Postal Code: 93117
Compass Map: Santa Barbara
Map Grid: D11
County: Santa Barbara
Parcel Number: 079-552-010
Cross Street: Hollister Ave
Contract Info
Current Price: $4,000,000
Price: 4195000
Buyers Agent $/%: 2.5
Begin Date: 2023-04-27
Status: Closed
Status Information
Sold Date: 2023-07-06
Sold Price: $4,000,000
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
Neighborhood/Schools
Elementary School: Other
Junior High School: Gol Valley
High School: Dos Pueblos
Remarks
Hot Sheet Comment: new
Owner Info
Deposit: 125850
Unit 1
# Units: 12
# Bedrooms: 12
# Baths: 12
Furnished: N
Rent: 2200
Monthly Total: 25825
Income/Expenses
Gross Rent Multiplr: 15.10
Capitalization Rate: 4.21%
Property Features
Zoning: Other
Terms: Cash; Ctnl
Listing Type: ER
Documents
Listing Office: Radius Group Commercial R.E.
Last Updated: July - 07 - 2023
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