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$4,950,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • Updated 2 hours ago
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Well-located 14-unit apartment building, priced to sell! Situated at the very end of Ellwood Beach Drive, by the open space preserve and trails to the beach. The est. cap rate is ~5.8% on existing rents, GRM is 11.63. All units are 1-bed/1-bath averaging a spacious 665sf. These apartments are always in demand with major employment centers within 1-2 miles, including dozens of nearby high-salary engineering and software companies, UC Santa Barbara, Bacara Resort and Deckers' world headquarters. Tenants are also drawn to the location due to its access to nature next door and proximity to the beach and Girsh Park, as well as to all retail services and restaurant types at the nearby Camino Real Marketplace and adjacent shopping centers. See unbranded Offering Memorandum in Documents.

Full Property Details for 450 Ellwood Beach Dr

General

  • Price: $4,950,000
  • HOA FEE: $20,846
  • Status: Active
  • Type: Multi-Family
  • Source: SBAOR
  • MLS ID: 26-3412
  • Updated: Today (10/8/2026)
  • Added to Site: Today

Interior

  • Flooring: Carpet, Wood/Laminate

Rooms

Other Rooms

  • Laundry: Laundry Room

Parking

  • Carport Spaces: 6
  • Total Spaces: 14
  • Parking Features: Outside, Carport

Location

  • Area: 30 - SB/GOL SOUTH
  • County: Santa Barbara
  • Subdivision: 30 - Ellwood/Santa Barbara Shores
  • Cross Streets: Hollister Ave

School Information

  • Elementary School: Ellwood
  • Middle School: Gol Valley
  • High School: Dos Pueblos

Structural Information

  • Foundation: Slab
  • Year Built: 1970
  • Property Condition: Good

Lot Features

  • Lot Size (Acres): 0.25
  • Lot Size (Sq. Ft.): 10,890
  • Lot Size: 10890
  • Lot Features: Near Public Transit
  • Zoning: Other

Financial Considerations

  • Maint. Fee: $20,846
  • Maint. Fee/Month: $20,846
  • Terms: Cash, Conventional

Disclosures and Reports

  • Property ID: 079-551-023

Listed by Berkshire Hathaway HomeServices California Properties

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— 450 Ellwood Beach Dr —

  • Berkshire Hathaway HomeServices California Properties

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NMLS#: 1598647

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with our affiliated lender
NMLS#: 1598647

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Schools serving 450 Ellwood Beach Dr

School District:Goleta Union Elementary School District
NameGradesDistance
Ellwood Elementary School
7686 Hollister Avenue, Goleta, CA 93117
K-60.8 mi
Goleta Valley Junior High School
6100 Stow Canyon Road, Goleta, CA 93117
7-83.4 mi
Dos Pueblos Senior High School
7266 Alameda Avenue, Goleta, CA 93117
9-121.2 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 450 Ellwood Beach Dr Get Price Alerts and Save Property

Date
Details
Price
Change
Source
10/08/2026
Listed
$4,950,000
54.69%
MLS
4/20/2007
Sold
$3,200,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 450 Ellwood Beach Dr

Year
Property Taxes
Change
Tax Assessment
Change
2025
$52,020
—
$4,370,498
2%
2025
$52,020
4%
$4,284,940
2%
2024
$49,853
4%
$4,201,060
2%
2023
$48,007
3%
$4,118,825
2%
2022
$46,612
2%
$4,038,202
2%
2021
$45,893
3%
$3,959,160
1%
2020
$44,746
2%
$3,918,637
2%
2019
$43,978
13%
$3,834,939
14%
2018
$38,869
4%
$3,350,000
5%
2017
$37,302
6%
$3,190,000
5%
2016
$35,129
5%
$3,038,000
5%
2015
$33,520
13%
$2,893,000
14%
2014
$29,616
2%
$2,533,000
1%
2013
$28,948
—
$2,500,000
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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450 Ellwood Beach Drive, Goleta, CA 93117 (MLS# 26-3412) is a Multi-Family property with 14 units containing 0 bedrooms and 0 full bathrooms. 450 Ellwood Beach Drive is currently listed for $4,950,000 and was received on October 09, 2026. Want to learn more about 450 Ellwood Beach Drive? 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.

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