333 Ellwood Beach Drive, GOLETA, CA 93117 (MLS# 23-2586)

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333 Ellwood Beach Drive, GOLETA, CA 93117

$3,045,000

Property Type: Res Inc Square Footage: 7,364 Lot Size (sq. ft.): 10,019 Status: Closed

Current Price: $3,045,000 List Date: 8/30/2023 Last Modified: 9/15/2024

Overview

Description

Prime opportunity to acquire an 8-unit multifamily asset near the Ritz-Carlton Bacara, UCSB and Ellwood Beach's Sperling Preserve. 333 Ellwood Beach Drive offers an ideal unit mix consisting of (2) 1 bed/1 bath, (2) 2 bed/1 bath, (4) 2 bed/1.5 bath immaculately maintained apartments. This ±7,364 square feet building offers tenants private balconies, on-site laundry and a 9 space parking lot. The prime Goleta location pairs the peacefulness of living on the coast along with the modern day ease of freeway and city access. Current rents are well below market rate offering investors a rare opportunity for rental upside in beautiful and highly desirable South Santa Barbara County.

Listing Details MLS# 23-2586

Location Info

District: 35 - SB/GOL NORTH
Street #: 333
Street Name: Ellwood Beach
Street Suffix: Drive
State: CA
Country: US
Postal Code: 93117
Compass Map: Santa Barbara
Map Grid: D11
County: Santa Barbara
Parcel Number: 079-552-034
Cross Street: Hollister

Contract Info

Price: 3095000
Buyers Agent $/%: 2.25
Begin Date: 2023-08-30

Status Information

Sold Date: 2023-10-13
Under Contract Date: 2023-09-06

Property Information

Number of Units: 8
Year Built: 1969
Main House SqFt: 7364
Apx # Acres: 0.23
Recurring Fees: No

Remarks

Hot Sheet Comment: new

Owner Info

Deposit: 3

More Information

Miscellaneous

Parking Spaces: 9

Unit 1

# Units: 5
# Bedrooms: 2
# Baths: Yes
# Half Baths: Yes
Furnished: N
Rent: 1970
Monthly Total: 9814.3

Unit 2

# Units: 2
# Bedrooms: Yes
# Baths: Yes
Rent: 1797
Monthly Total: 2723.6

Unit 3

# Units: 2
# Bedrooms: Yes
# Baths: Yes
Monthly Total: 1797

Neighborhood/Schools

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

Condition

Good: Yes

Proximity

Near Ocean: Yes
Near Park(s): Yes
Near School(s): Yes

Laundry

Bldg: Yes

Income/Expenses

Total Monthly Income: 14197.8
Annual Income: 170373.6

Zoning

Other: Yes

Reports Available

Pest Inspection: Yes
Prelim: Yes
Roof: Yes

Terms

Cash: Yes
Conventional: Yes

Listing Type

ER: Yes

Parking Info

Outside: Yes

Property Features

Condition: Good Parking Info: Outside Proximity: Near Ocean; Near Park(s); Near School(s) Laundry: Bldg Zoning: Other Reports Available: Pest Inspection; Prelim; Roof Terms: Cash; Conventional Listing Type: ER

Listing Office: Radius Group Commercial R.E.

Last Updated: September - 15 - 2024

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