Turnkey multi-unit asset with strong cash flow and long-term upside! Spacious 4-unit complex (one 3 bed/2 bath, three 2 bed/1 bath) plus a separate studio (unpermitted, for extra income), ideally located near UCSB, shopping, beaches, Girsh Park, and the Wells-Elings Marsh Trail. Section 8 status ensures steady income, high demand, low turnover, and low vacancy. Projected gross annual income approx. USD180,000 (rent increases Aug 1, 2025). Property has potential for an ADU. Please do not disturb tenants.
Single-familyProperty Type
1968Year Built
10,018 sq ftLot Size
Listed by 20/Twenty Group•DRE #01968703 / 02442537• Compass
Bought with Annette Vait•DRE #02044281• Berkshire Hathaway HomeServices California Properties
Turnkey Multi-Unit Asset with Strong Cash Flow & Long-Term Upside Presenting an exceptional opportunity to acquire a spacious, income-generating 4-unit complex plus a separate studio - ideally located near UCSB, shopping, beaches, Girsh Park, and the Wells-Elings Marsh Trail. Unit Mix: One 3 bed / 2 bath unit Three 2 bed / 1 bath units One studio unit (unpermitted, for additional income) This well-situated property benefits from Section 8 tenants, offering: -Reliable rental income -High demand with reduced vacancy risk -Longer tenant retention and stability With projected gross annual income of approx. $180,000 (based on upcoming rent increases effective August 1, 2025), this investment offers both solid current returns & long-term upside. Please do not disturb tenants.
As the MLS and public records start to fill up, we'll list the details here.
Public record
Public record
Zoning
Beds
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Baths
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Stories
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Lot width
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Lot depth
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Lot size
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Year renovated
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Sq. Ft.
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Year built
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Style
Multi-Family (2-4 Unit)
County
Santa Barbara County
APN
073-200-014
Parking Spaces
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Basement
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Accessible
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HOA Dues
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Garage
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Last updated by owner on Oct 30, 2026.
RP
Planned Residential District
This District is intended to provide flexibility and encourage innovation and diversity in design of residential developments by allowing a wide range of densities and housing types while requiring provision of a substantial amount of restricted open space and other common amenities within new developments through implementation of the Planned Residential (R-P) land use designation set forth in the General Plan. Clustering of residential units is encouraged, where appropriate, to provide efficient use of space while preserving natural, cultural, and scenic resources of a site.
Permitted uses
Include but are not limited to:
Housing-Single unit
Housing-Multiple units
Housing-Senior
Fire house
Police station
Property details
Interior
Bathroom Information
# of Bathrooms (Full): 5
# of Bathrooms (Half): 5
Interior Features
Laundry Features: Laundry Room
Exterior
Exterior Features
Foundation Details: Slab
Property Information
# Of Buildings: 4
Property Sub Type: Home/Estate
Property Condition: Good
Levels: Two, Outside Stairs
Lot Information
Lot Features: Near Public Transit
Zoning: R-3
Location
School Information
Elementary School: Isla Vista
Middle Or Junior School: Gol Valley
High School: Dos Pueblos
Location Information
Cross Street: Whittier
Public facts
Beds: —
Baths: —
Sq. Ft.: —
Stories: —
Lot Size: —
Style: Multi-Family (2-4 Unit)
Year Built: —
Year Renovated: —
County: Santa Barbara County
APN: 073-200-014
Home facts updated by county records on Oct 30, 2026
Around this home
Schools
K - 12
Preschool & daycare
Isla Vista Elementary School
Public K-6 • Assigned • 0.5mi
8/10
Goleta Valley Junior High School
Public 7-8 • Assigned • 2.9mi
6/10
Dos Pueblos Senior High School
Public 9-12 • Assigned • 1.0mi
9/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
4/10 Fire Factor
0.93% chance of being in a wildfire in next 30 years
5/10 Heat Factor
7 days above 83° expected this year, 20 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
6/10 Air Factor
10 unhealthy days expected this year, 10 days in 30 years
Provided by First Street
Historical weather
Goleta, CA • 93117
Average low and high temperatures (°F)
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Sun exposure
Try the sun simulator tool to see how light moves across the property at different times of day and year.
Provided by Shadowmap
Estimated sale price
$2.50M – $3.03M
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