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406 Ellwood Beach Drive, Goleta, CA 93117

Goleta
Local realty services provided by:CENTURY 21 Affiliated
406 Ellwood Beach Drive,Goleta, CA 93117
$3,600,000
  • 16 Beds
  • 12 Baths
  • 6,819 sq. ft.
  • Multi-family
  • Pending
Listed by: daniel withers
Office: matthews real estate investment services866-889-0550
MLS#:26667697
Source:CRMLS

Price summary

  • Price:$3,600,000
  • Price per sq. ft.:$527.94

About this home

-Prime Coastal Location: Located steps from Ellwood Beach in the highly sought-after Goleta submarket of Santa Barbara County, benefiting from strong renter demand driven by proximity to UCSB, Isla Vista spillover, and major South Coast employment centers. -Desirable Unit Mix: Two-bedroom layouts align with strong local demand from students, young professionals, and shared living arrangements common in the UCSB-adjacent rental market. -Clear Rental Upside: Current rents average $2,845 for two-bedroom/one-bath units and $3,031 for two-bedroom/two-bath units, while renovated units achieve $3,200 per month, demonstrating immediate mark-to-market potential. -Proven Renovation Strategy: Upgrades including new appliances, water heaters, interior paint, and modern finishes have been completed for approximately $40,000 per unit, establishing a repeatable value-add model. -Additional Income Stream: On-site laundry generates approximately $6,000 in annual ancillary income. -Favorable Regulatory...

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Home facts

  • Listing ID #:26667697
  • Added:115 day(s) ago
  • Updated:July 14, 2026 at 09:37 AM

Rooms and interior

  • Bedrooms:16
  • Total bathrooms:12
  • Living area:6,819 sq. ft.

Structure and exterior

  • Building area:6,819 sq. ft.
  • Lot area:0.26 Acres

Finances and disclosures

  • Price:$3,600,000
  • Price per sq. ft.:$527.94
The information being provided by California Regional MLS (Southern California) is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the California Regional MLS (Southern California). CENTURY 21 Affiliated is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of CENTURY 21 Affiliated, a broker participant of California Regional MLS (Southern California). This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, including but not limited to open house information, square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by California Regional MLS (Southern California) and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2021 California Regional MLS (Southern California). All rights reserved. CRMLS Member Broker: Nikki Coppa

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