805-284-8471

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431 Ellwood Beach Drive, Goleta, CA 93117

$2,900,000 Approx. USD 0 beds, 0 baths

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Photo of Hristo Hristov

Marketed By Hristo Hristov, G.R.I., SFR, GREEN, FTBS REALTOR® - Sales Associate 805-284-8471 m
Lic#: 01978598
NRDS ID: 199506356
HHristov@bhhscal.com Santa Barbara Office
3868 State St
Santa Barbara, CA 93105
Phone: 805-687-2666
Fax: 805-563-0053

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Listing Agent

Steven Golis | sgolis@radiusgroup.com
Lic#: 00772218
Broker: Courtesy of Radius Group Commercial RE
Phone: (805) 965-5500

Agent Remarks

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.

Listing Details

Property type: (Multi-Family)

Status: Active

MLS# V1-37442

Price: $2,900,000

HOA Fee is $0.00

Beds: 0

Baths: 0

None fireplaces

Built in 1970

2 stories

0.24 acres

Lot size: 0.2400

Subdivision: Not Applicable

County: Santa Barbara

Zoning: R-MR

Construction: Drywall,Other

Interior features: Balcony,High Ceilings

Appliances: Electric Cooktop,Microwave

Parking description: Attached Carport,Off Street,Paved,Uncovered

Lot description: Near Park,Sprinklers None

Heating/cooling: None

Heating description: Radiant

MLS area: GLTA - Goleta

Last Updated: 7/8/2026

Days On Market (DOM): 10

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This listing belongs to the GLTA - Goleta MLS area

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Lat/Long: 34.423987, -119.885890.
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Source: CRM. Also Available in 26-2241,

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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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Previous Listing

Photo of Hristo Hristov

Hristo Hristov, G.R.I., SFR, GREEN, FTBS REALTOR® - Sales Associate 805-284-8471 m
Lic#: 01978598
NRDS ID: 199506356
HHristov@bhhscal.com
Santa Barbara Office
3868 State St
Santa Barbara, CA 93105