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7392 Freeman Pl
Goleta, CA 93117 West Santa Barbara

$1,400,000 USD

Multifamily For Sale  •  2,437 SF

Property Details

• Property Type Multifamily
• Total Building Size 2,437 SF
• Year Built 1970
• Cap Rate 4.39 %

30 Transit Score

40 Walk Score

Highlights

Rare Goleta Investment Opportunity: Premium duplex opportunity in Goleta, one of California’s most supply-constrained coastal rental markets, offering

Best-in-Class Unit Sizes: Two-unit configuration (2BR/1BA and 3BR/2BA) averaging 1,219 SF per unit, significantly larger than typical Goleta rental in

Strong In-Place Rents: Current rents of $3,870 and $4,515 reflect strong demand for larger-format housing in the Goleta market.

Exempt from Rent Control: As an owner-occupied duplex, the property qualifies for the AB 1482 owner-occupied exemption, and the City of Goleta’s Tenan

Full Operational Flexibility: Ownership maintains full control over rent adjustments, lease structures, and long-term income strategy.

Alternative to Nearby Regulated Markets: Attractive option for investors exiting Santa Barbara, Oxnard, and Ojai, where rent control policies limit an

Cap Rate:

4.39 %

Public Transportation

Commuter Rail	Drive	Walk	Distance
Goleta Amtrak (Pacific Surfliner - Amtrak)	7 min	-	3.1 mi
Airport	Drive	Walk	Distance
Santa Barbara Municipal	19 min	-	4.6 mi