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34368110
34368103

257 Mathilda Drive, Goleta, CA 93117 For Sale

Hayes Commercial Group
Hayes Commercial Group
Hayes Commercial Group
Listed by Hayes Commercial Group
$2,195,000
4 days on market
Updated 4 days ago

Multifamily Investment Opportunity

Details
Property Type Multifamily
Square Footage 4,710
Net Rentable (SqFt) 4,710
Units 6
Cap Rate 4.58%
NOI $100,477
Price per SqFt $466
Year Built 1970
Acreage 6970.000
Zoning RH
Parking Spaces 5 spaces
Parking per 1,000 SqFt 1.06

Multifamily | 6 Units

Marketing description

Located in the desirable Ellwood Beach neighborhood of the City of Goleta, this six-unit apartment property offers a highly attractive unit mix of four 2-bedroom, 1.5-bath townhomes—each featuring a private patio—and two 1-bedroom, 1-bath flats. Residents enjoy an exceptional coastal lifestyle, with the Ellwood Beach Preserve, scenic hiking and walking trails, pristine beaches, and bike paths all within walking distance. The property is also conveniently situated near the intersection of Hollister Avenue and Storke Avenue, providing immediate access to five shopping centers offering a wide array of dining, retail, and everyday amenities. Its strategic location near Goleta’s prominent Office and Technology Parks and the University of California, Santa Barbara positions the property to attract and sustain a diverse tenant base, including families, young professionals, and students alike.

Investment highlights

INVESTMENT DETAILS

Price: $2,195,000

Price Per Unit: $365,833

Cap Rate: 4.58% (current) 5.02% (AB 1482) 6.18% (market)

GRM: 13.53 (current) 12.71 (AB 1482) 10.97 (market)

PROPERTY DETAILS

APN: 079-554-007

Units: 6

Unit Mix: 4 x 2BD/1.5BA 2 x 1BD/1BA

Rentable SF: 4,710 SF

Land Size: 6,970 SF

Zoning: RH

Year Built: 1970 (approx.)

Parking: 5 uncovered

Laundry: Yes, common laundry room

Utilities: Separately metered for electricity

Inspections: CLA

Listing Contacts

Hayes Commercial Group
Hayes Commercial Group
Hayes Commercial Group
Listed by Hayes Commercial Group

Valuation Calculator

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$100,477.00
$8,373.08/mo

Valuation Metrics

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DSCR
4.58%
Cap Rate
4.58%
ROI

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