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357 Mathilda Dr 10 Unit Apartment Building $4,155,045 CAD ($415,505 CAD/Unit) 3.90% Cap Rate Goleta, CA 93117
Investment Highlights
- Located in the Ellwood Mesa neighborhood of Goleta, within close proximity to the University of California
- Features on-site amenities such as controlled access, laundry facilities, tenant-controlled HVAC, and 24-hour property accessibility
- Includes designated tenant parking with a strong parking ratio, enhancing tenant satisfaction and property functionality.
- Comprises a 10-unit apartment community, each unit designed as a studio loft layout, offering modern efficiency for residents.
- Positioned within a highly desirable coastal community
Executive Summary
This 10 unit apartment complex is located in the Ellwood Mesa area of Goleta. This area is close to UCSB and several business parks in the area. All ten units are studio lofts approximately 490 SF each. Current rents are approximately 78% of market rents.
Property Facts
| Price | $4,155,045 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $415,505 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.23 AC |
| Cap Rate | 3.90% | Building Size | 4,864 SF |
| Gross Rent Multiplier | 14.3 | Average Occupancy | 100% |
| No. Units | 10 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1974 |
| Property Subtype | Apartment | Parking Ratio | 2.47/1,000 SF |
| Zoning | R-4 - Generally, R-4 allows for a mix of single-family homes, duplexes, rowhouses, and small to mid-sized apartment buildings | ||
| Price | $4,155,045 CAD |
| Price Per Unit | $415,505 CAD |
| Sale Type | Investment |
| Cap Rate | 3.90% |
| Gross Rent Multiplier | 14.3 |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.23 AC |
| Building Size | 4,864 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1974 |
| Parking Ratio | 2.47/1,000 SF |
| Zoning | R-4 - Generally, R-4 allows for a mix of single-family homes, duplexes, rowhouses, and small to mid-sized apartment buildings |
Amenities
Unit Amenities
- Kitchen
- Refrigerator
- Range
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 10 | $3,099 CAD | 490 |
1 1
Fairly walkable
40/100
Very drivable
80/100
Limited public transit
30/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 079-554-019 | Improvements Assessment | $344,840 CAD |
| Land Assessment | $62,052 CAD | Total Assessment | $406,892 CAD |
Property Taxes
Parcel Number
079-554-019
Land Assessment
$62,052 CAD
Improvements Assessment
$344,840 CAD
Total Assessment
$406,892 CAD
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357 Mathilda Dr
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