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Sold on 08/05/2015

171 Nectarine Ave, Goleta, CA 93117

  • $2,500,000

    Last sold 08/05/2015 after 153 Days

  • 3

    bed

  • 3

    bath

Multi-family not for sale
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About 171 Nectarine Ave

Property type Multi-family
Neighborhood
Year built 1930
HOA fee $0/month
Rental estimate
Property description
Actual CAP Rate of 4.83% and 6.12% Proforma. This property has been under the same ownership for over 40 years.The property is well positioned, just off of Hollister Avenue, the main thoroughfare in Goleta. The property sits between Kellogg and Fairview Avenue. The property is a single story complex that features cottage style units, laundry room, on site parking and good storage. Convenient to Highway 101, shopping, dining and many other businesses this property has always enjoyed long term tenants. Residents enjoy easy access to the public transportation as there are numerous MTD stops along Hollister Avenue. This is an ideal situation for an investor who is seeking a property with upside potential in the rents and the opportunity to own a property that has historically featured very low turnover and strong demand. The property is a Trust sale and is to be sold "As Is".
Listed by
Listing Agent - Brian D Johnson
Listing Office - Marcus and Millichap
Source: Santa Barbara AOR mls logo
MLS#15-718 • last updated 1 year ago
Movoto checked Santa Barbara AOR for data 26 minutes ago
Overview
MLS # 15-718
Status Closed
Year Built 1930
Interior
Laundry Laundry Room
Exterior
Lot Features Near Public Transit
Location
Area 30 - SB/GOL SOUTH
Elementary School Other
Middle School Other
High School Other
APN 071-053-010
Multifamily Details
Total # of Units 26
Total Rent 20375
Rental est.: $5,657/month
Gross rent multiplier: 38.2
  • Dec 2016
    mls logo MLS # 215003276
  • Dec 12, 2016 Sold
    $2,450,000 (-2.0%)
  • Sep 3, 2015 Sold
    $2,450,000 (-5.6%)
  • Mar 5, 2015 Listed
    —
  • Mar 5, 2015 Listed
    $2,595,000
  • Mar 2016
    mls logo MLS # 15-718
  • Mar 28, 2016 Sold
    $2,500,000 (+2.0%)
  • 171 Nectarine Ave
    $2.5M
  • Old Town Goleta
    $799K -27% y/y
  • 93117
    $1.47M +2% y/y
  • Goleta
    $1.47M +3% y/y
No chart available
Statistics calculated by Movoto

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5/10
La Patera Elementary School
public Grades K-6
Goleta Union Elementary School District
6/10
Goleta Valley Junior High School
public Grades 7-8
Santa Barbara Unified School District
8/10
Dos Pueblos Senior High School
public Grades 9-12
Santa Barbara Unified School District
Source: GreatSchools.org © 2026. All rights reserved.

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  • Real Estate
  • CA
  • Santa Barbara County
  • Goleta
  • 93117
  • 171 Nectarine Ave
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