245 Ellwood Beach Drive

    Goleta, CA 93117
    • $1,650,000
    • STATUS: Active
    • ON SITE: 197 days
    • MLS #: 19-1804
    UPDATED: 76 min ago
    $1,650,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Multi-Family
    County:
    Area:

    School Information

    Elementary School:
    Middle School:
    High School:
    Listing provided courtesy of Berkshire Hathaway Home Services California Properties.

    Description

    Located in the heart of Goleta's booming technology corridor, this 4-unit building offers an upside investment opportunity in a very high rental demand area of well-paying employers. The unit mix of 1 x 3/2, 2 x 2/1.5, 1 x 1/1 is a desirable variety of floorplans, and mix of single-level and townhomes. The total living area is a substantial 3700+sf (per assessor), plus a large private patio for the 3-BR unit, smaller patios for the other units, and a 4-car carport + 5th space. Located within 2 miles of many of the top local companies, and near to UCSB, Camino Real Marketplace, Bacara Resort and Pacific Ocean. Financials are actual only - room in the rents as-is, or invest further in a value-add upgrade supported by this tenant-rich location. Floorplan and Offering Memorandum in Documents

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    © 2019 Santa Barbara Multiple Listing Service. All rights reserved. Based on information from the Santa Barbara MLS as of 2019-12-06T11:46:56.76. 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. Data last updated 2019-12-06T11:46:56.76.
    www.searchsbhomes.com/homes/95059582

    245 Ellwood Beach Drive Goleta, CA 93117

    • Price: $1,650,000
    • Status: Active
    • Updated: 76 min ago
    • MLS #: 19-1804
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    Neighborhood:
    30 - Ellwood/Santa Barbara Shores
    County:
    Santa Barbara
    Area:
    SB/Gol South
    Elementary School:
    Ellwood
    Middle School:
    Gol Valley
    High School:
    Dos Pueblos
    Property Description
    Located in the heart of Goleta's booming technology corridor, this 4-unit building offers an upside investment opportunity in a very high rental demand area of well-paying employers. The unit mix of 1 x 3/2, 2 x 2/1.5, 1 x 1/1 is a desirable variety of floorplans, and mix of single-level and townhomes. The total living area is a substantial 3700+sf (per assessor), plus a large private patio for the 3-BR unit, smaller patios for the other units, and a 4-car carport + 5th space. Located within 2 miles of many of the top local companies, and near to UCSB, Camino Real Marketplace, Bacara Resort and Pacific Ocean. Financials are actual only - room in the rents as-is, or invest further in a value-add upgrade supported by this tenant-rich location. Floorplan and Offering Memorandum in Documents
    Exterior Features

    Parking Information Cpt #4Unc #1 Parking Spaces 5.00

    Interior Features

    Laundry Room Unit1 Baths 2.00 Unit1 Bedrooms 3.00 Unit1 Half Baths 0.00 Unit2 Baths 1.50 Unit2 Bedrooms 2.00 Unit2 Half Baths 1.00 Unit3 Baths 1.50 Unit3 Bedrooms 2.00 Unit4 Baths 1.00 Unit4 Bedrooms 1.00

    Property Features

    Condition Good Cross Street Hollister Deposit 3.00 Foundation Slab Income Expenses Actual Income Expenses Annual Income 97200.00 Income Expenses Electric Expense 400.00 Income Expenses Gas Expense 1200.00 Income Expenses Gross Rent Multiplier 17.0 Income Expenses Insurance 1400.00 Income Expenses NOI 55000 Income Expenses Other Income 100.00 Income Expenses Taxes 18300.00 Income Expenses Total Annual Exp 42000.00 Income Expenses Total Monthly Income 8000.00 Income Expenses Trash Expense 2400.00 Income Expenses Water Expense 3400.00 Meters Separate Meter Electric Yes Meters Separate Meter Gas Yes Meters Separate Meter Water No Owner Provides TrashWater Proximity Near BusNear Park(S)Near School(S)Near Shopping Terms CashCtnl Unit1 Furnished No Unit1 Monthly Total 2400.00 Unit1 Rent 2400.00 Unit1 Units 1.00 Unit2 Furnished No Unit2 Monthly Total 2100.00 Unit2 Rent 2100.00 Unit2 Units 1.00 Unit3 Furnished No Unit3 Monthly Total 1900.00 Unit3 Rent 1900.00 Unit3 Units 1.00 Unit4 Furnished No Unit4 Monthly Total 1600.00 Unit4 Rent 1600.00 Unit4 Units 1.00 Zoning Other

    Listing information © 2019 Santa Barbara MLS
    Listing provided courtesy of Berkshire Hathaway Home Services California Properties.



    © 2019 Santa Barbara Multiple Listing Service. All rights reserved. Based on information from the Santa Barbara MLS as of 2019-12-06T11:46:56.76. 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. Data last updated 2019-12-06T11:46:56.76.
     
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    Listing provided courtesy of Berkshire Hathaway Home Services California Properties.