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  • 450 Ellwood Beach Drive

450 Ellwood Beach Drive, Goleta, CA 93117

$4,950,000 Approx. USD 0 beds, 0 baths
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Photo of Ken Switzer

Ken Switzer 805-680-4622 m
805-680-4622 o
Lic#: 01245644
NRDS ID: 199501059
KSwitzer@bhhscal.com
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Lic#: 01245644
NRDS ID: 199501059
KSwitzer@bhhscal.com
Montecito Office
1170 Coast Village Rd
Montecito, CA 93108
Phone: 805-969-5026
Fax: 805-969-4982
Montecito 1170 Coast Village Rd
Montecito, CA 93108
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Fax: 805-969-4982
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Ken Switzer | KSwitzer@bhhscal.com
Lic#: 01245644
Broker: Courtesy of Berkshire Hathaway HomeServices California Properties

Agent Remarks

Well-located 14-unit apartment building, priced to sell! Situated at the very end of Ellwood Beach Drive, by the open space preserve and trails to the beach. The est. cap rate is ~5.8% on existing rents, GRM is 11.63. All units are 1-bed/1-bath averaging a spacious 665sf. These apartments are always in demand with major employment centers within 1-2 miles, including dozens of nearby high-salary engineering and software companies, UC Santa Barbara, Bacara Resort and Deckers' world headquarters. Tenants are also drawn to the location due to its access to nature next door and proximity to the beach and Girsh Park, as well as to all retail services and restaurant types at the nearby Camino Real Marketplace and adjacent shopping centers. See unbranded Offering Memorandum in Documents.

Listing Details

Property type: (Multi-Family)
Status: Pending
MLS# 26-3412
Price: $4,950,000
Beds: 0
Baths: 0
Built in 1970
2 stories
10890.00 acres
Lot size: 0.2500
Subdivision: 30 - Ellwood/Santa Barbara Shores
County: Santa Barbara
Zoning: Other
Parking description: Outside,Carport
Lot description: Near Public Transit
Heating description: Wall Furnace
MLS area: 30 - SB/GOL SOUTH

Last Updated: 11/3/2026

 Days On Market (DOM): 26

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This listing belongs to the 30 - SB/GOL SOUTH MLS area

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Lat/Long: 34.423370, -119.885224.
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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.

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