245 Ellwood Beach Drive

Goleta, CA 93117

$1,637,000
Last Sold Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

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...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
  1. Listed by Ken Switzer • DRE #01245644 • Berkshire Hathaway Home Services California Properties

Property Details for 245 Ellwood Beach Drive

MLS Neighborhood
30 - Ellwood/Santa Barbara Shores
Zoning
Other
Cross Street
Hollister
Recurring Fees
No

Location

Listing Courtesy of Berkshire Hathaway Home Services California Properties, Ken Switzer, DRE #01245644

Sold By Berkshire Hathaway Home Services California Properties, Angela Moloney, DRE #01221588

Add your commute
LISTING UPDATED: 01/29/2020 06:53 AM

Property Details for 245 Ellwood Beach Drive

StatusClosed
MLS #19-1804
Days on Market159
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Multi-Family
Year Built-
Lot Size-
CountySanta Barbara County

Location

Listing Courtesy of Berkshire Hathaway Home Services California Properties, Ken Switzer, DRE #01245644

Sold By Berkshire Hathaway Home Services California Properties, Angela Moloney, DRE #01221588

Add your commute

Building Information for 245 Ellwood Beach Drive

Stories-Residences4Year Built-Building Size-Lot Size-

Payment Calculator

$10,560 per month

30 year fixed, 7.25% Interest

Principal and Interest

$8,934

Property Taxes

$1,626

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 245 Ellwood Beach Drive

Details
Features
  • District: 30 - SB/GOL SOUTH
  • Property Type: B
  • Laundry: Room
Parking/Garage
  • Parking Info: Cpt #4,Unc #1
Miscellaneous
  • Parking Spaces: 5
Location Info
Location Info
  • Tax Parcel Number: 079-552-022
  • LotLocation: Near Bus, Near Park(s), Near School(s), Near Shopping
  • City: GOLETA
  • County: Santa Barbara
  • Postal Code: 93117
Neighborhood/Schools
  • Elementary School: Ellwood
  • High School: Dos Pueblos
  • Junior High School: Gol Valley
Property / Assessor Information
Property / Assessor Info
  • Condition: Good
  • Foundation: Slab
  • Realtorcom Type: Multi-Family
  • Total # Units: 4
Utility Info
  • Meters Sep Meter Elec: Y
  • Meters Sep Meter Gas: Yes
  • Meters Sep Meter Wtr: N
Income / Expense Info
Income / Expense Info
  • Income/Expenses: Actual
  • Gross Rent Multiplier: 17.0
  • NOI: 55000
  • Annual Income: $97,200
  • Insurance: $1,400
  • Other Income: $100
  • Electric Expense: $400
  • Gas Expense: $1,200
  • Taxes: $18,300
  • Total Annual Exp: $42,000
  • Total Monthly Income: $8,000
  • Trash Expense: $2,400
  • Water Expense: $3,400
Unit Info
Unit 1 Info
  • Unit 1Furnished: N
  • Unit 1Num Of Baths: 2
  • Unit 1Num Of Bedrooms: 3
  • Unit 1Num Of Half Baths: 0
  • Unit 1Num Of Units: 1
  • Unit 1Monthly Total: $2,400
  • Unit 1Rent: $2,400
Unit 2 Info
  • Unit 2Furnished: N
  • Unit 2Num Of Baths: 2
  • Unit 2Num Of Bedrooms: 2
  • Unit 2Num Of Half Baths: 1
  • Unit 2Num Of Units: 1
  • Unit 2Monthly Total: $2,100
  • Unit 2Rent: $2,100
Unit 3 Info
  • Unit 3Furnished: N
  • Unit 3Num Of Baths: 2
  • Unit 3Num Of Bedrooms: 2
  • Unit 3Num Of Units: 1
  • Unit 3Monthly Total: $1,900
  • Unit 3Rent: $1,900
Unit 4 Info
  • Unit 4Furnished: N
  • Unit 4Num Of Baths: 1
  • Unit 4Num Of Bedrooms: 1
  • Unit 4Num Of Units: 1
  • Unit 4Monthly Total: $1,600
  • Unit 4Rent: $1,600
Contract Info
Contract Info
  • Deposit: 3
  • Financing: Fixed
  • Close Price: $1,637,000.00
  • List Price: $1,650,000.00
  • Terms: Cash, Ctnl
  • Contract Date: 12-16-2019
  • Close Date: 01-28-2020
  • Status: Closed

Property History for 245 Ellwood Beach Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 245 Ellwood Beach Drive

Taxable ValueLand$525,588Additions$1,195,189Total$1,720,777
Tax Record2023$19,506 ($1,626 / month)
Home Facts
Total Finished SqFt3,718 SqFtAbove Grade Finished SqFt3,718 SqFtLot Size6,098 SqFtStyleDuplexYear Built1966CountySANTA BARBARAAPN079-552-022

Schools near 245 Ellwood Beach Drive

This home is within Goleta Union Elementary School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
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

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Similar Sold Homes

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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 expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Berkshire Hathaway Home Services California Properties, Ken Switzer, DRE #01245644

Based on information from one of the following Multiple Listing Services: Santa Barbara 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 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.