Goleta CA Real Estate & Homes for Sale

Rare opportunity to acquire two (2) adjacent student housing investment properties at UCSB (University of California Santa Barbara) on the prime Del Playa Drive in Isla Vista, CA. Unobstructed ocean views and unrivalled location within walking distance to the university, Camino Del Sur beaches, and center of town's best restaurants and nightlife. Recently renovated with updated flooring, kitchens, and bathrooms throughout. Both 6-bedroom, 14-bed properties have been 100% occupied for over 20+ years due to strong demand and virtually no new supply in the market while university enrollment continues to grow to all-time highs. These homes pre-lease well in advance and are already rented for the 2024-2025 school year with monthly income of $19,000 each, totaling $38,000/month for both properties. Offering price of $5.85mm for both properties is just $209k/bed, a material discount to recent comparable sales and yields a 5.5% cap rate / 12.6 GRM on 2024-2025 rents. Significant potential upside in the future as rents are still well below market, and additional revenue streams available through laundry and parking. Great properties for new investors, current parents of students, or long-term holders seeking durable cash flow. Further information available upon request. Property Details:6

Conveniently located in Goleta and featured as the builder's model home with premium upgrades throughout, this townhome is among the very best in Winslowe. This end-unit has one of community's largest fenced and beautifully landscaped backyards. Spacious and tastefully decorated interior--all 2,229 sq ft--defines modern luxury and lifestyle. Family room with built-in wine cooler on 1st floor has accordion sliding doors that open to paved backyard and may be converted to an 2nd primary with bath, per builder. Enjoy 9-ft ceilings, recessed LED lights, and high efficiency double-pane windows. Access apprx. 440 sq ft 2-car garage from interior, where a 200 amp panel is ready for a fast EV charger. Seller-owned Sunpower solar panels will help you save on included electric central heating & AC!Extra large kitchen island great for prepping & entertaining guests. Keep organized with lots of cabinets. Upgraded kitchen appliances. Bonus custom-built office for remote work or dedicated homework space. Control home climate with a smartphone! Current HOA fee is $282/mo and offers: pool & spa, communal gardening, outdoor BBQ, firepit, play and doggie areas, fire pit, bocce court, club house, and community maintenance and more. Noteworthy nearbys: Goleta Beach Park, UCSB, bike paths & trails wi

Unique opportunity to own a portfolio of Towbes-built duplexes in highly sought-after Goleta locations, each with the added potential for an ADU (Accessory Dwelling Unit). These spacious, well-maintained townhouse-style duplexes offer an ideal investment potential attracting families, tech employees, and UCSB students. All properties in this portfolio boast new windows and roofs ensuring worry- free ownership and minimal maintenance for a future owner. An additional opportunity exists in acquiring this portfolio at a lower price per duplex compared to recent sale comps, along with the potential to sell off individual properties in the future. Please contact listing agent for additional information.

Stunning View/Oceanfront! - Del Playa Drive Investment Opportunity! This Oceanside 3-Unit Multi-Family Income Property consist of a two-bed/two bath unit, a three-bed/2 bath unit and a converted garage studio unit. This property offers Amazing Ocean/Island views, is always in high demand and is never vacant. Please do not disturb tenants.Scheduled Gross Rental Income - (2024-2025)Unit #1 - $2,000.00Unit #2 - $4,000.00Unit #3 - $5,600.00Total - $11,600 Month