7392 Freeman Pl

Goleta, CA 93117

$1,400,000
Last Sold Price
5
Beds
3
Baths
2,437 Sq. Ft.
$574 / Sq. Ft.
2,437
Sq. Ft.
$574
per Sq. Ft.
Get preapproved with Rocket Mortgage1
Sold 4/28/26
Sold 4/28/26
an aerial view of multiple houses with yard
a view of city

Description

-Rare Goleta Investment Opportunity: Premium duplex opportunity in Goleta, one of California's most supply-constrained coastal rental markets, offering durable tenant demand and long-term investment stability. -Best-in-Class Unit Sizes: Two-unit configuration (2BR/1BA and 3BR/2BA) averaging 1,219 SF per unit, significantly larger than typical Goleta rental inventory and attractive to long-term tenants. -Strong In-Place Rents: Current rents of $3,870 and $4,515 reflect strong demand for larger-format...-Rare Goleta Investment Opportunity: Premium duplex opportunity in Goleta, one of California's most supply-constrained coastal rental markets, offering durable tenant demand and long-term investment stability. -Best-in-Class Unit Sizes: Two-unit configuration (2BR/1BA and 3BR/2BA) averaging 1,219 SF per unit, significantly larger than typical Goleta rental inventory and attractive to long-term tenants. -Strong In-Place Rents: Current rents of $3,870 and $4,515 reflect strong demand for larger-format housing in the Goleta market. -Exempt from Rent Control: As an owner-occupied duplex, the property qualifies for the AB 1482 owner-occupied exemption, and the City of Goleta's Tenant Protections Ordinance does not impose additional rent caps. -Full Operational Flexibility: Ownership maintains full control over rent adjustments, lease structures, and long-term income strategy. -Alternative to Nearby Regulated Markets: Attractive option for investors exiting Santa Barbara, Oxnard, and Ojai, where rent control policies limit annual income growth. -Durable Supply Constraints: Strict coastal development regulations and entitlement barriers across Santa Barbara County significantly restrict new housing supply. -Ideal for Passive and 1031 Investors: Stable tenant demand and a simple duplex structure support low management intensity and reliable income in a highly undersupplied coastal market.
  1. Listed by Daniel Withers • DRE #01325901 • Brokerage DRE #01469842 • Matthews Real Estate Investment Services

Property Details for 7392 Freeman Place

Parcel Number
073240026
Total Units
2.0
Living Area
2437
Source Living Area
Other
Area
Goleta (GLTA)
Vacancy Rate
3
Lot Size Area
10890
Source Lot Size Area
Vendor Enhanced
LISTING UPDATED: 04/28/2026 03:06 PM

Property Details for 7392 Freeman Place

StatusSold
MLS #26667707
Days on Market9
Taxes-
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income
Year Built-
Lot Size0.25 AC / 10,890 SF
CountySanta Barbara County
Get preapproved with Rocket Mortgage1

Location

Listing Courtesy of Matthews Real Estate Investment Services, Daniel Withers, DRE #01325901

Sold By Non-Participant Office, Subscriber Non, DRE #13252

Add your commute

Building Information for 7392 Freeman Place

Stories2Residences-Year Built-Building Size-Lot Size0.25 AC / 10,890 SF

Payment Calculator

Get preapproved with Rocket Mortgage1

$7,273 per month

30 year fixed, 6.46% Interest

Principal and Interest

$7,050

Property Taxes

$223

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Know your buying power with a preapproval and custom rate in minutes

Rocket Mortgage1

Property Information for 7392 Freeman Place

Community / Development
Community / Development
  • Number Of Units: 2
  • Senior Community: No
Structure Info
Structure Info
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Apartment
Contract Info
Contract Info
  • Disclosures: Other
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $95,589
  • Net Operating Income: $61,397.00
  • Gross Income: $100,620
  • Cap Rate: 4.39%
  • Gross Rent Multiplier: $13.91
  • Total Annual Expense: 34192
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.25
  • Lot Size Square Feet: 10890
Parking Details
Parking Details
  • Parking Garage: Other
  • Total Parking: 0
Interior Features
Interior Features
  • Rooms: Other
  • Levels: Two
  • Den: No
  • Family Room: 0
  • Dining Room: 0
  • Cooling: Other
  • Cooling Type: Other
  • Heating: Other
  • Heating Type: Other
  • Equipment: Other
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: Other
Lease Terms
Lease Terms
  • Entry Date: 03-20-2026
Unit Details
Unit 1 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $3,870.00
  • Unit Actual Rent: $3,900.00
  • Unit Projected Rent: $3,870.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $4,515.00
  • Unit Actual Rent: $4,600.00
  • Unit Projected Rent: $4,515.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $114,467.00
  • Assessed Improvement Percent: 78.77
  • Assessed Land Value: $30,860.00
  • Assessed Land Percent: 21.23
  • Assessed Total Value: $145,327.00

Property History for 7392 Freeman Place

DateEvent & SourcePriceAppreciation
Apr 28, 2026

Sold

CRMLS #26667707

$1,400,000—
Apr 28, 2026

Sold

CLAW #26667707

$1,400,000—
Apr 21, 2026

Sold (Public Record)

Public Record #1937152693

$1,400,000—
DateEvent & SourcePrice
04/28/2026

Sold

CRMLS #26667707

$1,400,000
04/28/2026

Sold

CLAW #26667707

$1,400,000
04/21/2026

Sold (Public Record)

Public Record #1937152693

$1,400,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 7392 Freeman Place

Taxable ValueLand$30,860Additions$114,467Total$145,327
Tax Record2025$2,676 ($223 / month)
Home Facts
Lot Size10,890 SqFtStyleDuplexCountySANTA BARBARAAPN073-240-026

Schools near 7392 Freeman Place

This home is within Goleta Union Elementary School District.
Rating
School
Type
Grades
Distance
Ellwood Elementary School
Public - K to 6
Goleta Valley Junior High School
Public - 7 to 8
Dos Pueblos Senior High School
Public - 9 to 12
Santa Barbara Charter School
Charter - K to 8
Rating
School
Distance
Ellwood Elementary School
PublicK to 6

Goleta Valley Junior High School
Public7 to 8

Dos Pueblos Senior High School
Public9 to 12

Santa Barbara Charter School
CharterK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Explore Nearby Homes

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Matthews Real Estate Investment Services, Daniel Withers, DRE #01325901

Based on information from one of the following Multiple Listing Services: Santa Barbara MLS and North Santa Barbara County Regional MLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Santa Barbara MLS and North Santa Barbara County Regional MLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. 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. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.