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6-Unit Apartment Building
For Sale
$1,995,000
Pending

117 Magnolia Ave, Goleta, CA 93117

Goleta apartment property near UCSB, major employers, and retail amenities.

Property SizeContact for details
Days on Market213

Property Features for 117 Magnolia Ave

General Information

Standard status Pending
Property subtype Multi-Family

Additional Details

Multifamily Units 6

Building Details

Year Built 1970
Buildings 1
Listing Agency: Radius Group Commercial R.E.
Listed By: Gene Deering · License #01450943
Source: Santaynezvalleyhomesforsale
Added: Jan 30 Changed: Aug 31 Last Checked: Aug 31 at 5:39PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Radius Group Commercial R.E.

Investment Insights

Based on property information with market context.

This six-unit apartment building at 117 Magnolia Ave in Goleta, California, was constructed in 1970 and currently produces rental income. The property is positioned near UCSB, major employers, and retail amenities, providing a location connected to established employment and educational destinations.

The asset is located in Santa Barbara County and offers an existing multifamily configuration for investors seeking an income-producing apartment property.

Key Highlights

  • Six‑unit apartment building
  • Built in 1970
  • 117 Magnolia Ave, Goleta, CA 93117

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm (Bike/Boat/Book/etc) Store Acupuncture Pet Grooming Service Clothing & Fashion Store Tattoo & Piercing Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

6
Residential units

Location Intelligence

Trade Area within ½ mile

1,471
Businesses Nearby

Demographics for 93117, CA

53,430
Population
18,208
Households
2.9
Avg Household Size
28
Median Age
49%
College-Educated
90%
High-School Grad
168.1 sq mi
ZIP Area
318
Density / Sq Mi
$85,711
Median Household Income
$28,542
Median Earnings
$1,980
Median Rent
$1,021,700
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Goleta apartment property near UCSB, major employers, and retail amenities.
Where is this apartment building located?
The property is located at 117 Magnolia Ave Goleta, CA.
What is the asking price?
The asking price for this property is $1,995,000.
What are key features of this property?
This property features: Six‑unit apartment building; Built in 1970; 117 Magnolia Ave, Goleta, CA 93117
More about this property
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