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1 Bed
1 Bath

$4,950,000

450 Ellwood Beach Drive, GOLETA CA, 93117

Price per sqftN/A
Built in1970
Property typeResidential
Courtesy of Ken Switzer, Berkshire Hathaway HomeServices California Properties

Overview

Active

Listed Oct 9, 2026

Updated 1h ago

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.

$32,932/mo

Est. mortgage payment based on a $4,950,000 home price.

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

Additional information

MLS® ID
26-3412

Interior Features

Bedrooms
1
Bathrooms
1
Heating
Yes
Basement
No

Exterior Features

Lot Size
0.25 Acres

Other Property Details

Maintenance Expense
$20,846

Listed by Berkshire Hathaway HomeServices California Properties, Ken Switzer,
Listing Contact: [email protected] 

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Data last updated 9:53 PM UTC, 10/9/2026

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