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2 Beds
2 Baths
6,450 sqft

$2,900,000

431 Ellwood Beach Drive, GOLETA CA, 93117

Price per sqft$449.61
Built in1970
Property size6,450 sqft
Property typeResidential
Courtesy of Steven J Golis, Radius Group Commercial R.E.

Overview

Pending

Listed Jul 6, 2026

Updated 4 weeks ago

Offered for the first time in decades, 431 Ellwood Beach Drive presents a rare opportunity to acquire a seven-unit apartment community in one of Goleta's most desirable coastal neighborhoods, just a few blocks from Ellwood Beach. Comprised of spacious two-bedroom, two-bathroom units, the property generates strong in-place income at a 5.20% current cap rate. Many units feature updated flooring, while two upstairs residences benefit from vaulted ceilings that enhance the sense of space and natural light. Tenants also benefit from off street covered parking and storage. Located just moments from Ellwood Beach, Ellwood Mesa Open Space, UCSB, and Goleta's major employment centers, the property offers an exceptional blend of coastal living and everyday convenience.

$19,294/mo

Est. mortgage payment based on a $2,900,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
26-2241

Interior Features

Bedrooms
2
Bathrooms
2
Basement
No

Exterior Features

Lot Size
0.24 Acres

Listed by Radius Group Commercial R.E., Steven J Golis,
Listing Contact: [email protected] 

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Data last updated 5:10 AM UTC, 8/13/2026

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