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0 Baths

$2,900,000

431 Ellwood Beach Drive, Goleta CA, 93117

Price per sqftN/A
Built in1970
Property typeResidential
Listed by Steven Golis CA DRE# 00772218 with Radius Group Commercial RE [email protected]

Overview

Active

Listed Jul 7, 2026

Updated Aug 25

Offered for the first time in decades, 431 Ellwood Beach Drive presents a rare opportunity to acquire a seven-unit apartment community in one of Goleta's most desirable coastal neighborhoods, just a few blocks from Ellwood Beach. Comprised of spacious two-bedroom, two-bathroom units, the property generates strong in-place income at a 5.20% current cap rate. Many units feature updated flooring, while two upstairs residences benefit from vaulted ceilings that enhance the sense of space and natural light. Tenants also benefit from off street covered parking and storage. Located just moments from Ellwood Beach, Ellwood Mesa Open Space, UCSB, and Goleta's major employment centers, the property offers an exceptional blend of coastal living and everyday convenience. With its attractive unit layouts, well-maintained condition, and irreplaceable location near the coast, 431 Ellwood Beach Drive represents a rare multifamily investment opportunity in one of Santa Barbara County's most sought-after rental markets.

$19,294/mo

Est. mortgage payment based on a $2,900,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
V1-37442

Interior Features

Bathrooms
0
Heating
Yes
Basement
No

Exterior Features

Lot Size
0.24 Acres

Other Property Details

55+/Senior Community
No
MLS provider logo

Listed by Steven Golis CA DRE# 00772218 with Radius Group Commercial RE [email protected]

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 8/25/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2026 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 8/25/2026 at 1:43 AM UTC Last Checked: 1:43 AM UTC

 

 

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