406 Ellwood Beach DR
Goleta, CA, 93117
$3,600,000
-Prime Coastal Location: Located steps from Ellwood Beach in the highly sought-after Goleta submarket of Santa Barbara County, benefiting from strong renter demand driven by proximity to UCSB, Isla Vista spillover, and major South Coast employment centers. -Desirable Unit Mix: Two-bedroom layouts align with strong local demand from students, young professionals, and shared living arrangements common in the UCSB-adjacent rental market. -Clear Rental Upside: Current rents average $2,845 for two-bedroom/one-bath units and $3,031 for two-bedroom/two-bath units, while renovated units achieve $3,200 per month, demonstrating immediate mark-to-market potential. -Proven Renovation Strategy: Upgrades including new appliances, water heaters, interior paint, and modern finishes have been completed for approximately $40,000 per unit, establishing a repeatable value-add model. -Additional Income Stream: On-site laundry generates approximately $6,000 in annual ancillary income. -Favorable Regulatory Environment: Goleta follows California’s AB 1482 rent cap (5% + CPI, max 10%) and has not implemented stricter local rent control, unlike nearby Santa Barbara, Oxnard, and Ojai. -Supply-Constrained Market: Limited new development along the Santa Barbara South Coast continues to support long-term rent growth for well-located coastal assets.
Current real estate data for Single Family in Goleta as of Apr 19, 2026
18
Single Family Listed
123
Avg DOM
867
Avg $ / SqFt
$3,883,078
Avg List Price
Property Details
Price:
$3,600,000
MLS #:
26667697
Status:
Active
Beds:
16
Baths:
12
Type:
Single Family
Neighborhood:
gltagoleta
Listed Date:
Mar 20, 2026
Finished Sq Ft:
6,819
Total Sq Ft:
6,819
Lot Size:
11,326 sqft / 0.26 acres (approx)
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Community
- Address406 Ellwood Beach DR Goleta CA
- CityGoleta
- CountySanta Barbara
- Zip Code93117
Subdivisions in Goleta
Property Summary
- 406 Ellwood Beach DR Goleta CA is a Single Family for sale in Goleta, CA, 93117. It is listed for $3,600,000 and features 16 beds, 12 baths, and has approximately 6,819 square feet of living space.The current price per square foot is $528. The average price per square foot for Single Family listings in Goleta is $867. The average listing price for Single Family in Goleta is $3,883,078. To schedule a showing of MLS#26667697 at 406 Ellwood Beach DR in Goleta, CA, contact your Outland and Associates / JoAnn Outland agent at 8054417754.
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Full-time Real Estate Broker, sold 1400+ Properties in SLO and SBC County. 40+ years of local real estate knowledge and experience. I understand each sale is about you and your goals. I know as we get older, we don’t have time to make up for any mistakes especially when it comes to one the most significant investments. I care about my clients and work very hard to share my knowledge and protect you along the way. I place the appropriate verbiage in the listing and listing agreement depending…
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Courtesy of Matthews Real Estate Investment Services. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than Outland and Associates / JoAnn Outland include the name of the listing broker. Neither the listing company nor Outland and Associates / JoAnn Outland shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. California Regional Multiple Listing Service. All rights reserved. 406 Ellwood Beach DR
Goleta, CA