Home | Santa Barbara County | Goleta | 93117 | 431 Ellwood Beach Dr
MLS: CRV1-37442 | Status: | Price: $2,900,000
Beds/Baths: – / –
Property Type: Residential Income
| Beds | Baths | Sq Ft | Sq Ft Lot | Yr Built |
|---|---|---|---|---|
| – | – | – | 10,454 | 1970 |
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.
| Field | Value |
|---|---|
| MLS # | CRV1-37442 |
| MLS Source | California Regional MLS |
| Days on Site | 7 |
| Feature | Details |
|---|---|
| Appliances | Microwave, Other |
| Cooling | None |
| Heating | Radiant |
| Feature | Details |
|---|---|
| Roof | Other |
| Foundation | Slab |
| Feature | Details |
|---|---|
| Garage/Parking | Carport, Off-Street Parking, Other, Garage: 0 Car(s) |
| HOA Fee | $0 |
Steven Golis
Radius Group Commercial RE
License #: 00772218
Phone: (805) 965-5500
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | – | – |
School data provided by GreatSchools.org
| School | Type | Grades | Distance | Rating |
|---|---|---|---|---|
| Ellwood Elementary School | public | K-6 | 0.75 mi | 8 |
| Isla Vista Elementary School | public | K-6 | 1.09 mi | 8 |
| Brandon Elementary School | public | K-6 | 1.11 mi | 8 |
| Dos Pueblos Senior High School | public | 9-12 | 1.13 mi | 9 |
| La Patera Elementary School | public | K-6 | 2.69 mi | 6 |
| Goleta Valley Junior High School | public | 7-8 | 3.47 mi | 6 |
| Learning Tree Preschool | public | UG | 3.48 mi | N/A |
| Kellogg Elementary School | public | K-6 | 3.99 mi | 8 |
| Mountain View Elementary School | public | K-6 | 4.52 mi | 10 |
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This listing information is up-to-date as of July 07, 2026. For the most current information, please contact Steven Golis, (805) 965-5500.