Search Results For: 35 - Sb/gol North
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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: 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
280 Mathilda Drive, GOLETA, CA 93117- MLS# 23-1122
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

The data relating to real estate for sale on this web site comes from the Internet Data Exchange Program of the Santa Barbara Multiple Listing Service. Real estate listings held by brokerage firms other than the displaying broker(s) are marked with the 'MLS' logo and detailed information about them includes the name of the listing brokers. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor displaying broker shall be responsible for any typographical errors, misinformation, or misprints. 2015 Santa Barbara Multiple Listing Service. All rights reserved.

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