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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

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.
IDX
Last Updated: September - 15 - 2024
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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