283 Ellwood Beach Drive, GOLETA, CA 93117
$4,000,000
Property Type:
Res Inc
Lot Size (sq. ft.):
10,019
Status:
Closed
Current Price:
$4,000,000
List Date:
1/04/2023
Last Modified:
9/15/2024
Description
Price just reduced $200k! 283 Ellwood Beach Drive is a garden style 2-story stucco apartment complex totaling 12 units that has been held by the same ownership group for 45 years. Convenient location for tenants with easy access to UCSB, major tech employers, Camino Real Marketplace and Monarch Butterfly Grove. Features (11) 1BD/1BA apartments and (1) studio with a mix of carport and uncovered parking along with onsite laundry room. Building is all electric and has individual electric meters and individual water heaters. Recent improvements include all new asphalt driveway, sewer lateral repaired, section 1 pest spot treatment completed. Roof is 10 years old. Current rents below market. Two units to be left vacant through close of escrow offering new owner immediate opportunity to remodel.
More Information MLS# 23-21
Location Info
Country: US
Compass Map: Santa Barbara
Map Grid: D11
Cross Street: Hollister
Bike Score: 90
District: 30 - SB/GOL SOUTH
Street #: 283
Street Name: Ellwood Beach
Street Suffix: Drive
State: CA
Postal Code: 93117
County: Santa Barbara
Parcel Number: 079-552-028
Contract Info
Financing: Cash
Buyers Agent $/%: 2.25
Current Price: $4,000,000
Price: 4150000
Begin Date: 2023-01-04
Status: Closed
Property Information
Year Built: 1970
Stories: 2
Apx Lot SqFt: 10019
Apx # Acres: 0.27
Recurring Fees: No
Number of Units: 12
Neighborhood/Schools
Elementary School: Ellwood
Junior High School: Gol Valley
High School: Dos Pueblos
Owner Info
Deposit: 3
Remarks
Hot Sheet Comment: price
Condition
Good: 1
Average: 1
Foundation
Slab: 1
Miscellaneous
Parking Spaces: 12
# Refrigerators: 12
# Stoves: 12
Laundry
Laundry Room: 1
Unit 1
# Units: 1
# Bedrooms: 1
# Baths: 1
# Half Baths: 0
Furnished: N
Rent: 1900
M/M: 1
Lease: 1
Monthly Total: 21195
Income/Expenses
Total Monthly Income: 22920
Capitalization Rate: 4.07
Heating
Wall: 1
Unit 2
# Units: 1
# Bedrooms: 0
Rent: 1725
M/M: 1
Monthly Total: 1725
Zoning
Other: 1
Reports Available
Home Inspection: 1
Pest Inspection: 1
Prelim: 1
NHD: 1
Terms
Cash: 1
Conventional: 1
Listing Type
ER: 1
Meters
Sep Meter Elec: Y
Parking Info
Carport: 1
Outside: 1
Total # Carport Spaces: 3
Flr/Wdw Coverings
Carpet: 1
Vinyl: 1
Owner Provides
Water: 1
Trash: 1
Status Information
Sold Date: 2023-04-17
Sold Price: $4,000,000
Under Contract Date: 2023-03-01
NeighborhoodSchools
Neighborhood: 30 - Ellwood/Santa Barbara Shores
Property Features
Unit 1: M/M; Lease
Unit 2: M/M
Condition: Good; Average
Foundation: Slab
Parking Info: Carport; Carport; Outside
Laundry: Laundry Room
Heating: Wall
Owner Provides: Water; Trash
Zoning: Other
Reports Available: Home Inspection; Pest Inspection; Prelim; NHD
Terms: Cash; Conventional
Listing Type: ER
Documents
Flyer ›
Listing Office:
Beachside Partners
Last Updated: September - 15 - 2024
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