Compare Listings

Description

245 Ellwood Beach
$1,650,000

4-Plex in Central Rental Location

Located in the heart of Goleta’s booming technology corridor, this 4-unit building offers a solid 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 provides a desirable variety of floorplans – the 3-bedroom and 1-bedroom units are on the ground level, and the 2-bedrooms are large townhome-style units in 2 stories. The total living area is a substantial 3700+ square feet (per assessor and measured), plus a large private patio for the 3-bedroom unit, smaller patios for the other units, and a 4-car carport + 5th space.

Anchor employers in the immediate area within 1.5 miles include LogMeIn (one block away), the Deckers world headquarters, Raytheon, FLIR Systems, the Ritz-Carlton Bacara resort, 2 new hotels and 4 major shopping centers including Camino Real Marketplace and Hollister Village. Within 3 miles are the Santa Barbara airport and UC Santa Barbara with its 25,000+ students and 7000+ faculty/staff. Consider the strong rental environment for immediate upside, or invest further in a value-add upgrade supported by this tenant-rich location.

Property Documents

  • 245 Ellwood Beach - Property Brochure
  • 245 Ellwood Beach - Offering Memorandum

Detail

Contact Agent

Ken Switzer

Contact Agent

  • Ken Switzer
View listings

Inquire about this property