431 Ellwood Beach Drive, Goleta, CA — listing photo 1
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FOR SALENew Listing

431 Ellwood Beach Drive

Goleta, CA 93117
10,454 Lot Sq Ft
Built 1970
$2,900,000

Property Overview

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.

Home Details

Property type
Residential Income
Year built
1970
Lot size
10,454 sq ft
Parking
11 spaces
Carport
2 spaces
Days on market
0
MLS status
Active
Zoning
R-MR

Features & Amenities

Interior

  • Balcony
  • High Ceilings

Appliances

  • Electric Cooktop
  • Microwave

Parking

  • Attached Carport
  • Off Street
  • Paved
  • Uncovered

Pool

  • None

Lot

  • Near Park
  • Sprinklers None

Security

  • Smoke Detectors

Community, Schools & Utilities

Community

Subdivision
Not Applicable
View
None

Utilities

Heating
Radiant
Cooling
None
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Location & Neighborhood

431 Ellwood Beach Drive

Goleta, CA 93117

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Frequently Asked Questions About 431 Ellwood Beach Drive

Property type: Residential Income

The current asking price is $2,900,000. Pricing is subject to change and may vary based on market conditions, negotiations, and property updates. Contact our team to verify current pricing.
Yes. Use the Book Visit action or contact form to request an in-person or virtual tour of 431 Ellwood Beach Drive. Our team will confirm availability and timing.
This property offers the living space reported in the listing. It was built in 1970. Review the listing details and disclosures, then independently verify material features before making a decision.
The property is in Goleta, California. Review the map, visit at relevant times of day, and verify schools, commute routes, services, noise, hazards, and local rules for the exact address.
Financing depends on the buyer, lender, property type, condition, appraisal, insurance, and association documents. A qualified lender can confirm available programs and costs for this Goleta property.
The MLS currently reports the property as Active. It has been listed for 0 days. Status can change, so verify availability before relying on it.

What clients say

“Reza was the best agent we have ever worked with.”Russell & Susan McQueen

Get More Info

Crown Coastal Support Team

Direct support from our real estate team

No obligation. Your inquiry goes directly to the Crown Coastal team.

RB

Reza Barghlameno

eXp of California

Call: +1 (858) 305-4362
Email: contact@crowncoastalhomes.com

Listing Agent

Name: Steven Golis
MLS ID: VC199501844

Available property

$2,900,000

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Data provided by California Regional Multiple Listing Service, Inc. ("CRMLS"). Information is for viewer's personal, non-commercial use. All data should be independently verified for accuracy.