Timm Delaney | (805) 895 - 1109
 

Search for Homes


$6,750,000
255 ELLWOOD BEACH DR
GOLETA, CA 93117
MLS# 11-3296
Status: Closed



255 ELLWOOD BEACH DR, GOLETA, CA 93117
  1 / 19  
255 ELLWOOD BEACH DR, GOLETA, CA 93117 255 ELLWOOD BEACH DR, GOLETA, CA 93117 255 ELLWOOD BEACH DR, GOLETA, CA 93117 255 ELLWOOD BEACH DR, GOLETA, CA 93117 255 ELLWOOD BEACH DR, GOLETA, CA 93117 255 ELLWOOD BEACH DR, GOLETA, CA 93117 255 ELLWOOD BEACH DR, GOLETA, CA 93117 255 ELLWOOD BEACH DR, GOLETA, CA 93117 255 ELLWOOD BEACH DR, GOLETA, CA 93117 255 ELLWOOD BEACH DR, GOLETA, CA 93117 255 ELLWOOD BEACH DR, GOLETA, CA 93117 255 ELLWOOD BEACH DR, GOLETA, CA 93117 255 ELLWOOD BEACH DR, GOLETA, CA 93117 255 ELLWOOD BEACH DR, GOLETA, CA 93117 255 ELLWOOD BEACH DR, GOLETA, CA 93117 255 ELLWOOD BEACH DR, GOLETA, CA 93117 255 ELLWOOD BEACH DR, GOLETA, CA 93117 255 ELLWOOD BEACH DR, GOLETA, CA 93117 255 ELLWOOD BEACH DR, GOLETA, CA 93117

Property Description
Great opportunity to acquire 2 well-maintained apartment complexes on l lot located adjacent to Ellwood Beach Preserve. Consisting of a 15 unit complex & 16 unit complex. Unit Mix: 8(2BD/2BA), 2(2BD/1BA), 20(1BD/1BA) & 1(Studio). The neighborhood serves as a vital rental community to UCSB & local workforce. 24 open parking spaces, 10 carports & 2 garages.

Details
Maps
Location Info
District: 30 - SB/GOL SOUTH
Street #: 255
Street Name: ELLWOOD BEACH
Street Suffix: DR
State/Province: CA
Postal Code: 93117
Compass Map: Santa Barbara
Map Grid: D11
County: Santa Barbara
Parcel Number: 079-552-037
Cross Street: Hollister Avenue
Contract Info
Current Price: $6,700,000
Price: 6750000
Begin Date: 2011-09-27
Status: Closed
Status Information
Sold Date: 2012-10-18
Sold Price: 6700000
Under Contract Date: 2012-02-27
Property Information
Total #Units: 31
Stories: 2
Apx # Acres: 0.64
Apx Lot SqFt: 27878
Assessor's Data
Assessor Lot Acres: 0.64
Neighborhood/Schools
Neighborhood: 30 - Ellwood/Santa Barbara Shores
Elementary School: Other
Junior High School: Gol Valley
High School: Dos Pueblos
Remarks
Hot Sheet Comment: new
Owner Info
Deposit: 150000
Miscellaneous
Parking Spaces: 36
Unit 1
# Units: 8
# Bedrooms: 2
# Baths: 2
Furnished: N
Rent: 1800
Monthly Total: 14210
Unit 2
# Units: 2
# Bedrooms: 2
# Baths: 1
Furnished: N
Rent: 1725
Monthly Total: 3445
Unit 3
# Units: 20
# Bedrooms: 1
# Baths: 1
Furnished: N
Rent: 1300
Monthly Total: 26010
Unit 4
# Units: 1
# Baths: 1
Furnished: N
Rent: 995
Monthly Total: 995
Income/Expenses
Total Monthly Income: 44660
Other Income: 1050
Annual Income: 548520
Gross Rent Multiplr: 12.31
Capitalization Rate: 5.45%
Vac Factor: 2.5%
Taxes: 72900
Insurance: 4500
Water Expense: 8929
Electric Expense: 1755
Gas Expense: 3302
Trash Expense: 3691
Maintenance Expense: 15500
Total Annual Exp: 163808
NOI: 368,527
Meters
Sep Meter Wtr: N
Sep Meter Elec: Y
Sep Meter Gas: Yes
Property Features
Income/Expenses: Actual
Condition: Good
Foundation: Slab
Parking Info: Garages; Carport; Uncovered; Cpt #5; Unc #5
Proximity: Near Bus; Near Hospital; Near Ocean; Near Park(s); Near School(s); Near Shopping
Laundry: Room
Flr/Wdw Coverings: Carpet; Hardwood; Tile; Vinyl
Heating/Cooling: Wall
Owner Provides: Water; Trash
Zoning: Other
Exchange: Poss
Terms: Cash; Ctnl
Listing Type: ER

Listing Office: The Channel Group

Last Updated: April - 20 - 2019

The data relating to real estate for sale on this web site comes from the Internet Data Exchange Program of the Santa Barbara Multiple Listing Service. Real estate listings held by brokerage firms other than the displaying broker(s) are marked with the 'MLS' logo and detailed information about them includes the name of the listing brokers. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor displaying broker shall be responsible for any typographical errors, misinformation, or misprints. 2015 Santa Barbara Multiple Listing Service. All rights reserved.

Wednesday 22nd of January 2020 12:33 PM