Pending

406 Ellwood Beach Drive

Goleta, CA 93117
Mark as Favorite
Bed 16

Bed

Bath 0

Bath

SqFt6,819

Sqft

SqFt11,326

Sqft(Lot)

-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 Environment: Goleta follows California's AB 1482 rent cap (5% + CPI, max 10%) and has not implemented stricter local rent control, unlike nearby Santa Barbara, Oxnard, and Ojai. -Supply-Constrained Market: Limited new development along the Santa Barbara South Coast continues to support long-term rent growth for well-located coastal assets.

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Detail Ic Property Details

Property Type : Residential Income

Price : $3,600,000

AD Id : 76300612

MLS Id : 26667697

Beds : 16

Lot Size : 11,326 Sqft

Living Area Size : 6,819

Year Built : --

County : Santa Barbara

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Feature Features

  • Bedroom Information

    Total Bedrooms: 16

    Bathroom Information

    Total Baths: 12 Full Baths: 0 Half Baths: 0

  • Building Information

    Building Area Total: 6,819

  • Lot Details

    Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.26
  • Lot Size Source: Vendor Enhanced Lot Size Square Feet: 11326

  • Listing Price Information

    Original List Price: 3,600,000 Listing Contract Date: 2026-03-16
  • Lease Information

    Listing Agreement: Seller Reserved

  • Tax Information

    Parcel Number: 079551016

  • Other Property Info

    Source Listing Status: Pending Source Neighborhood: GLTA - Goleta Directions: South of Hollister Ave Source Property Type: Residential Income Area: GLTA - Goleta
  • Building and Construction

    Year Built Source: Vendor Enhanced Total Square Feet Living: 6819 Levels or Stories: Multi/Split
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
5859 Mandarin Drive, Goleta, CA, 93117 $2,267,076 12 -- 5,027 5,027 SqFt
6591 Cordoba Road, Goleta, CA, 93117 $4,425,000 -- -- 5,130 5,130 SqFt
6624 Sueno Road, Goleta, CA, 93117 $2,000,000 3 1 1,102 1,102 SqFt
6648 Del Playa Drive, Goleta, CA, 93117 $1,950,000 -- -- 1,105 1,105 SqFt
6748 Del Playa Drive #A, Goleta, CA, 93117 $2,598,000 5 -- 2,000 2,000 SqFt
6839 Sabado Tarde Road, Goleta, CA, 93117 $2,398,000 5 -- 2,499 2,499 SqFt
6880 Pasado Road, Goleta, CA, 93117 $2,425,000 -- -- 1,340 1,340 SqFt
10697 Calle Quebrada, Goleta, CA, 93117 $3,975,000 5 4 4,511 4,511 SqFt
10800 Calle Real, Goleta, CA, 93117 $2,175,000 5 3 1,700 1,700 SqFt

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ByOwner last updated this listing 07/11/2026 @ 21:54

MLS: 26667697 LISTED BY: Daniel Withers, Matthews Real Estate Investment Services 866-889-0550 SOURCE: CRMLS

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