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$1,989,000
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Property Description
Offers to be reviewed Monday, May 18th at Noon. 117 Magnolia Ave presents a rare opportunity to acquire a well-located 6-unit apartment building in the heart of Goleta. This property offers strong in-place income with upside potential through rental increases and operational efficiencies. Situated in a highly desirable rental market near major employers, retail amenities, and UCSB, the asset benefits from consistent tenant demand and long-term appreciation potential. Ideal for investors seeking stable cash flow with value-add potential in one of Santa Barbara County's most sought-after submarkets.
Full Property Details
Full Property Details for 117 Magnolia Ave
General
- Sold For: $1,989,000
- Status: Closed
- Type: Multi-Family
- Source: SBAOR
- MLS ID: 26-1547
- Added to Site: 154 day(s) ago
Location
- Area: 30 - SB/GOL SOUTH
- County: Santa Barbara
- Cross Streets: Hollister Ave
School Information
- Elementary School: Other
- Middle School: Gol Valley
- High School: Dos Pueblos
Structural Information
- Year Built: 1970
Lot Features
- Lot Size (Acres): 0.15
- Lot Size (Sq. Ft.): 6,534
- Lot Size: .15
- Zoning: Other
Financial Considerations
- Terms: Cash, Conventional
Disclosures and Reports
- Property ID: 071-052-004
Listed by Radius Group Commercial R.E.
Sold by Home Realty & Investments
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Schools
Schools serving 117 Magnolia Ave
School District:Goleta Union Elementary School District
| Name | Grades | Distance |
|---|---|---|
La Patera Elementary School 555 North La Patera Lane, Goleta, CA 93117 | K-6 | 1.3 mi |
Goleta Valley Junior High School 6100 Stow Canyon Road, Goleta, CA 93117 | 7-8 | 1 mi |
Dos Pueblos Senior High School 7266 Alameda Avenue, Goleta, CA 93117 | 9-12 | 2.8 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 117 Magnolia Ave
Date
Details
Price
Change
Source
9/11/2026
Sold
$1,989,000
-0.3%
MLS
5/11/2026
Listed
$1,995,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
117 Magnolia Avenue, Goleta, CA 93117 (MLS# 26-1547) is a Multi-Family property that was sold at $1,989,000 on September 11, 2026. Want to learn more about 117 Magnolia Avenue? Do you have questions about finding other Multi-Family real estate for sale in Goleta? You can browse all Goleta real estate or contact a Coldwell Banker agent to request more information.

