310-777-2888

406 Ellwood Beach Drive, Goleta, CA 93117

$3,600,000 Approx. USD 16 beds, 12 baths
6,819 sqft

Save My Notes

MORE INFO

Brochure

Marketed By St. James + Canter

View Team Members

Photo of Cristie St. James

Marketed By Cristie St. James REALTOR® - Broker Associate 310-291-1029 m
310-777-2888 o
Lic#: 00949711
NRDS ID: 175502141
cristie@stjamescanter.com Beverly Hills Office
131 South Rodeo Drive, Ste. 100
Beverly Hills, CA 90212
Phone: 310-777-7800
Fax: 310-858-1295

Mortgage Calculator

GET PRE-APPROVED

Interested in This Property? Request Virtual Showing Your message will be sent to Cristie.
By submitting your information, you consent to be contacted by email, SMS message, and/or phone call. You may opt out at any time per our Privacy Policy.

Listing Agent

Daniel Withers | daniel.withers@matthews.com
Lic#: 01325901
Broker: Courtesy of Matthews Real Estate Investment Services
Phone: 818-923-6107

Agent Remarks

-Prime Coastal Location: Located steps from Ellwood Beach in the highly sought-after Goleta submarket of Santa Barbara County, benefiting from strong renter demand driven by proximity to UCSB, Isla Vista spillover, and major South Coast employment centers. -Desirable Unit Mix: Two-bedroom layouts align with strong local demand from students, young professionals, and shared living arrangements common in the UCSB-adjacent rental market. -Clear Rental Upside: Current rents average $2,845 for two-bedroom/one-bath units and $3,031 for two-bedroom/two-bath units, while renovated units achieve $3,200 per month, demonstrating immediate mark-to-market potential. -Proven Renovation Strategy: Upgrades including new appliances, water heaters, interior paint, and modern finishes have been completed for approximately $40,000 per unit, establishing a repeatable value-add model. -Additional Income Stream: On-site laundry generates approximately $6,000 in annual ancillary income. -Favorable Regulatory Environment: Goleta follows California's AB 1482 rent cap (5% + CPI, max 10%) and has not implemented stricter local rent control, unlike nearby Santa Barbara, Oxnard, and Ojai. -Supply-Constrained Market: Limited new development along the Santa Barbara South Coast continues to support long-term rent growth for well-located coastal assets.

Listing Details

Property type: (Multi-Family)

Status: Pending

MLS# 26667697

Price: $3,600,000

Beds: 16

Baths: 12

6,819 sqft

0.26 acres

Lot size: 0.2600

County: Santa Barbara

MLS area: GLTA - Goleta

Last Updated: 6/2/2026

Days On Market (DOM): 67

Find more Goleta homes and real estate

Find more homes in 93117 zip code

This listing belongs to the GLTA - Goleta MLS area

Lat/Long: 34.424734, -119.885227.
Find nearby listings

Mortgage Calculator

DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

93117 Area Map

Demographics

Schools