23 Magnolia Ave Goleta, CA 93117
19-unit apartment community in Old Town Goleta with upside potential.
Lot size:
0.34 AcresProperty Features for 23 Magnolia Ave
General Information
- Lot size
- 0.34 Acres
Building Details
- Year built
- 1971
Source: Radius Group Commercial R.E.
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Goleta Multifamily Investment Opportunity
JJ's Apartments presents an opportunity to acquire a 19-unit community located in Old Town Goleta. The property, situated on a 14,810 square foot parcel, features a 12,755 square foot building. The unit mix comprises seventeen 1-bedroom, 1-bathroom units and two 3-bedroom, 1-bathroom units. The property includes eight carport spaces and eleven uncovered parking spaces. A 1,480 square foot carport is suited for potential future ADU development. The roof will be replaced and balconies repaired by close of escrow. One unit was recently remodeled, highlighting renovation potential. The property draws demand from workforce tenants and UCSB students.
Insight Report
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Goleta
- County
- Santa Barbara
- State
- California
- Longitude
- -119.8281063
- Latitude
- 34.4388978
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FAQs
What type of property is this?
Apartment building - 19-unit apartment community in Old Town Goleta with upside potential.
Where is this apartment building located?
The property is located at 23 Magnolia Ave Goleta, CA.
What is the asking price?
The asking price for this property is $5,550,000.
What are key features of this property?
This property features: - Roof replacement and balcony repairs to be completed by close of escrow.; - Rare 19-unit apartment community in the heart of Old Town Goleta.; - Potential for ADU development in the existing 1,480 SF carport.