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450 Ellwood Beach Drive, Goleta, CA 93117

Goleta
Local realty services provided by:CENTURY 21 Masters
450 Ellwood Beach Drive,Goleta, CA 93117
$4,950,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Pending
Listed by: ken switzer
Office: berkshire hathaway homeservices california properties
MLS#:26-3412
Source:SBAOR

Price summary

  • Price:$4,950,000

About this home

Well-located 14-unit apartment building, priced to sell! Situated at the very end of Ellwood Beach Drive, by the open space preserve and trails to the beach. The est. cap rate is ~5.8% on existing rents, GRM is 11.63. All units are 1-bed/1-bath averaging a spacious 665sf. These apartments are always in demand with major employment centers within 1-2 miles, including dozens of nearby high-salary engineering and software companies, UC Santa Barbara, Bacara Resort and Deckers' world headquarters. Tenants are also drawn to the location due to its access to nature next door and proximity to the beach and Girsh Park, as well as to all retail services and restaurant types at the nearby Camino Real Marketplace and adjacent shopping centers. See unbranded Offering Memorandum in Documents.

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Home facts

  • Year built:1970
  • Subdivision & Development:30 - Ellwood/Santa Barbara Shores
  • Listing ID #:26-3412
  • Added:8 day(s) ago
  • Updated:October 17, 2026 at 04:37 PM

Rooms and interior

  • Flooring:Carpet, Wood/Laminate

Heating and cooling

  • Heating:Heating, Wall Furnace

Structure and exterior

  • Year built:1970
  • Lot area:0.25 Acres
  • Lot Features:Near Public Transit
  • Foundation Description:Slab

Schools

  • High school:Dos Pueblos
  • Middle school:Gol Valley
  • Elementary school:Ellwood

Finances and disclosures

  • Price:$4,950,000

Features and amenities

  • Laundry features:Laundry Room

Parking

  • Carport spaces:6
Based on information from the Santa Barbara MLS as of October 17, 2026 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, 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. SBAOR Member Broker: Randy Thompson

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