7392 Freeman Pl, Goleta, CA 93117
7392 Freeman Pl, Goleta, CA 93117
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$1,400,000

$1,400,000

Est.Price: ?

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Est. payment /mo

5 Beds

3 Baths

2,437 SqFt


SOLD DATE : 04/28/2026

Key Details

Sold Price $1,400,000

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 2,437 sqft

Price per Sqft $574

MLS Listing ID 26667707

Sold Date 04/28/26

Bedrooms 5

Lot Size 10,890 Sqft

Acres 0.25

Property Sub-Type Multi-Family

Property Description

-Rare Goleta Investment Opportunity: Premium duplex opportunity in Goleta, one of California's most supply-constrained coastal rental markets, offering durable tenant demand and long-term investment stability. -Best-in-Class Unit Sizes: Two-unit configuration (2BR/1BA and 3BR/2BA) averaging 1,219 SF per unit, significantly larger than typical Goleta rental inventory and attractive to long-term tenants. -Strong In-Place Rents: Current rents of $3,870 and $4,515 reflect strong demand for larger-format housing in the Goleta market. -Exempt from Rent Control: As an owner-occupied duplex, the property qualifies for the AB 1482 owner-occupied exemption, and the City of Goleta's Tenant Protections Ordinance does not impose additional rent caps. -Full Operational Flexibility: Ownership maintains full control over rent adjustments, lease structures, and long-term income strategy. -Alternative to Nearby Regulated Markets: Attractive option for investors exiting Santa Barbara, Oxnard, and Ojai, where rent control policies limit annual income growth. -Durable Supply Constraints: Strict coastal development regulations and entitlement barriers across Santa Barbara County significantly restrict new housing supply. -Ideal for Passive and 1031 Investors: Stable tenant demand and a simple duplex structure support low management intensity and reliable income in a highly undersupplied coastal market.

Location

State CA

County Santa Barbara

Area Goleta

Rooms

Other Rooms Other

Dining Room 0

Interior

Heating Other

Cooling Other

Equipment Other

Exterior

Parking Features Other

Building

Story 2

Level or Stories Two

Others

Special Listing Condition Standard

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TheMLS (CLAW)
Listed by Matthews Real Estate Investment Services
Bought with Non-Participant Office

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