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Sold on 11/26/2025
  • Exterior
  • Other
  • Kitchen
  • Living
  • Bedroom
  • Bath
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23 Magnolia Ave, Goleta, CA 93117

$5,400,000

Last sold 11/26/2025 after 9 Days

  • 4

    bed

  • 2

    bath

  • 12,755

    Sqft ($423/Sqft)

Multi-family not for sale
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About 23 Magnolia Ave

Property type Multi-family
Neighborhood
Year built 1971
HOA fee $0/month
Lot size 0.34 Acre
Rental estimate
Property description
Roof will be replaced and balconies repaired by close of escrow! JJ's Apartments offers a rare chance to acquire a 19-unit community in the heart of Old Town Goleta. This well-maintained asset blends vintage charm, walkable convenience, strong curb appeal, and meaningful upside. The mix includes (17) 1BD/1BA and (2) 3BD/1BA units, drawing consistent demand from workforce tenants and UCSB students. One recently remodeled unit was just leased, highlighting renovation potential. The ±14,810 SF parcel includes a ±12,755 SF building, 8 carports, 11 uncovered spaces, and a ±1,480 SF carport suited for future ADU development. With its mid-century design and prime accessibility, JJ's Apartments embodies Goleta's enduring coastal rental appeal.
Listed by
Listing Agent - Steven J Golis
Listing Agent Contact: Sgolis@radiusgroup.com
Listing Office - Radius Group Commercial R.E.
Source: Santa Barbara AOR mls logo
MLS#25-4179 • last updated 7 months ago
Movoto checked Santa Barbara AOR for data Just now
Overview
MLS # 25-4179
SqFt (Living Area) 12755
Status Closed
Lot Size (Acres) 0.34
Lot Size (Sqft) 14810
Condition Good
Year Built 1971
Interior
Laundry Laundry Room
Exterior
# of Carport Spaces 8
Lot Features Near Public Transit
Location
Area 30 - SB/GOL SOUTH
Elementary School La Patera
Middle School Gol Valley
High School Dos Pueblos
APN 071-021-004
Multifamily Details
Total # of Units 19
Total Rent 37323
Gross Income 447876
Rental est.: $8,032/month
Gross rent multiplier: 56.0
  • Mar 2026
    mls logo MLS # 25-4179
  • Mar 16, 2026 Sold
    $5,400,000
  • Dec 1, 2025 Pending
    —
  • Nov 17, 2025 Listed
    $5,550,000
  • Mar 2026
    Public Records
  • Mar 13, 2026 Sold
    $5,400,000 (-2.7%)
  • Year Property taxes Tax assessment
  • 2025
    $52,516 +1.6%
    $4,199,061
  • 2024
    $51,708 +1.4%
    $4,199,061 +2.0%
  • 2023
    $50,995 +1.5%
    $4,116,727 +4.04%
  • 2022
    $50,257 +1.4%
    $3,956,871 +2.0%
  • 2021
    $49,550 +2.3%
    $3,879,287
  • 2020
    $48,426
    $3,879,287
  • 23 Magnolia Ave
    $5.4M
  • Old Town Goleta
    $659K -38% y/y
  • 93117
    $1.39M 0% y/y
  • Goleta
    $1.39M 0% y/y
No chart available
Statistics calculated by Movoto

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Source: GreatSchools.org © 2026. All rights reserved.

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