Listed by Radius Commercial Real Estate & Investments Santa Barbara, Radius Group Commercial Real Estate
$1,995,000
117 Magnolia Ave
Details
APN 071-052-004
Property Type Multifamily
Sub Type Apartment Building
Square Footage 3,972
Units 6
Cap Rate 5.13%
NOI $102,412
Tenancy Multi
Acreage 0.150
Parking Spaces 7 spaces
Parking Per SqFt 1.76
Investment Type Value Add
Multifamily | 6 Units | $332,500/unit
Marketing description
117 Magnolia Ave presents a rare opportunity to acquire a well-located 6-unit apartment building in the heart of Goleta. This property offers strong in-place income with upside potential through rental increases and operational efficiencies. Situated in a highly desirable rental market near major employers, retail amenities, and UCSB, the asset benefits from consistent tenant demand and long-term appreciation potential. Ideal for investors seeking stable cash flow with value-add potential in one of Santa Barbara County's most sought-after submarkets.
Investment highlights
Listing Contacts
Listed by Radius Commercial Real Estate & Investments Santa Barbara, Radius Group Commercial Real Estate
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$102,412.00
$8,534.33/mo
Valuation Metrics
0
DSCR
5.13%
Cap Rate
5.13%
ROI
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Name
License
Brokerage
Title
Name
License
Brokerage
Brokerage Phone
Title
Brokerage Address
Is there information that looks off?
