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
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.
More Information MLS# 23-2586
Location Info
Country: US
Compass Map: Santa Barbara
Map Grid: D11
Cross Street: Hollister
District: 35 - SB/GOL NORTH
Street #: 333
Street Name: Ellwood Beach
Street Suffix: Drive
State: CA
Postal Code: 93117
County: Santa Barbara
Parcel Number: 079-552-034
Contract Info
Buyers Agent $/%: 2.25
Current Price: $3,045,000
Price: 3095000
Begin Date: 2023-08-30
Status: Closed
Property Information
Year Built: 1969
Apx # Acres: 0.23
Main House SqFt: 7364
Recurring Fees: No
Number of Units: 8
Neighborhood/Schools
Elementary School: Ellwood
Junior High School: Gol Valley
High School: Dos Pueblos
Owner Info
Deposit: 3
Remarks
Hot Sheet Comment: new
Condition
Good: 1
Miscellaneous
Parking Spaces: 9
Proximity
Near Ocean: 1
Near Park(s): 1
Near School(s): 1
Laundry
Bldg: 1
Unit 1
# Units: 5
# Bedrooms: 2
# Baths: 1
# Half Baths: 1
Furnished: N
Rent: 1970
Monthly Total: 9814.3
Income/Expenses
Total Monthly Income: 14197.8
Annual Income: 170373.6
Unit 2
# Units: 2
# Bedrooms: 1
# Baths: 1
Rent: 1797
Monthly Total: 2723.6
Zoning
Other: 1
Reports Available
Pest Inspection: 1
Prelim: 1
Roof: 1
Terms
Cash: 1
Conventional: 1
Listing Type
ER: 1
Unit 3
# Units: 2
# Bedrooms: 1
# Baths: 1
Monthly Total: 1797
Parking Info
Outside: 1
Status Information
Sold Date: 2023-10-13
Sold Price: $3,045,000
Under Contract Date: 2023-09-06
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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