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Residential Income - 431 Ellwood Beach Drive, Goleta, CA

$2,900,000

431 Ellwood Beach Drive, Goleta, CA

MLS# V1-37442

431 Ellwood Beach Drive, Goleta, CA 93117 - $2,900,000 · Multi-Family Home for Sale, photo 1 431 Ellwood Beach Drive, Goleta, CA 93117 - $2,900,000 · Multi-Family Home for Sale, photo 2 431 Ellwood Beach Drive, Goleta, CA 93117 - $2,900,000 · Multi-Family Home for Sale, photo 3 431 Ellwood Beach Drive, Goleta, CA 93117 - $2,900,000 · Multi-Family Home for Sale, photo 4 431 Ellwood Beach Drive, Goleta, CA 93117 - $2,900,000 · Multi-Family Home for Sale, photo 5
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Description

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.

Property details

Year built
1970
Property type
Residential Income
Lot size
10,454 sqft

Location

431 Ellwood Beach Drive • Goleta, CA 93117

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Listing Agent

Steven Golis

DRE #: 00772218

Brokerage: Radius Group Commercial RE

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CRMLS

MLS# V1-37442

Listed: 7/7/2026 8:13 AM

© 2026 California Regional Multiple Listing Service, Inc.

Based on information from the California Regional Multiple Listing Service, Inc. as of 7/7/2026 3:21 PM. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS.

IDX information is provided exclusively for consumers' personal, non-commercial use. Information is deemed reliable but not guaranteed. Buyer should independently verify all information.

Listed by: Radius Group Commercial RE

Equal Housing Opportunity

Advertising Broker: Nalren Corp (CA DRE #02423715)

Licensed in the state of California

Nalren Corp (CA DRE #02423715) is the Advertising Broker for this IDX display. We are not the listing broker for this property. The listing broker/agent information is shown above. Contact the listing agent for inquiries.

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Nalren Corp. · CA DRE #02423715