| Prime Goleta coastal location steps from Ellwood Beach and near UCSB, driving strong rental demand. |
| Eight-unit apartment community with desirable two-bedroom layouts ideal for students and professionals. |
| Clear rental upside with current average rents below market and renovated units achieving $3,200/month. |
| Recent renovations include new appliances, water heaters, and modern finishes at $40,000 per unit. |
| On-site laundry generates approximately $6,000 in annual ancillary income for additional revenue. |
| Offered at a 5.05% cap rate with $181,627 NOI and $527.94 price per SF. |
Robert Schenk
Matthews Real Estate Investment Services
