150-160 Orange Avenue, GOLETA, CA 93117, GOLETA, 93117 - bed, bath
ACTIVE$2,800,000/sqft
150-160 Orange Avenue, GOLETA, CA 93117
0Bed
0Bath
Sqft
13,068Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Investment Opportunity: This is an 8-unit residential income property, offering a significant opportunity for investors seeking a stable income stream in a desirable market.
Top Cons:
Restricted Access for Due Diligence: The 'DO NOT DISTURB OCCUPANTS' and 'Showing subject to an acceptable offer' clauses significantly limit a buyer's ability to conduct thorough inspections and due diligence prior to making a firm commitment.
Compared to the nearby listings
Price:$2.80M vs avg $2.10M (+$700,000)67%
Size: sqft vs avg sqft50%
Price/sqft:$0 vs avg $050%
More Insights
Built in 1948 (78 years old).
Condition: The property was built in 1948, making it quite old. While the description mentions 'well-maintained' and 'new roofs,' suggesting some capital improvements, the exterior images show an aged aesthetic, including visible window AC units, indicating older cooling systems. Crucially, there are no interior images provided, making it impossible to assess the condition of kitchens, bathrooms, flooring, or other interior features directly. In the absence of evidence of recent, extensive interior renovations, it's reasonable to assume these areas are outdated and would require minor to substantial updates to meet current standards and appeal. The cracked asphalt parking lot also shows wear. Therefore, 'Fair' is appropriate, as it's functional but clearly aged and likely requires significant cosmetic and system updates.
Year Built
1948
Close
-
List price
$2.8M
Original List price
-
Price/Sqft
$0
HOA
$0
Days on market
-
Sold On
-
MLS number
25-4181
Home ConditionFair
Features
Patio
View-
About this home
Old Town Goleta 8-Unit Investment Property, (Owner Financing Available). An excellent opportunity for investors seeking Owner Financing! This well-maintained 8-unit property in prime Old Town Goleta features seven 1BD/1BA units, one studio, new roofs, laundry, garages, and ample off-street parking across two APNs. Enjoy a convenient location near Old Town Goleta, UCSB, Goleta Beach, and SB Airport (Walk Score 78, Bike Score 89). Buyer to provide 30% down; interest rate is negotiable. DO NOT DISTURB OCCUPANTS. No sign. Showing subject to an acceptable offer.
M
Mary Layman
Listing Agent
Condition Rating
Fair
The property was built in 1948, making it quite old. While the description mentions 'well-maintained' and 'new roofs,' suggesting some capital improvements, the exterior images show an aged aesthetic, including visible window AC units, indicating older cooling systems. Crucially, there are no interior images provided, making it impossible to assess the condition of kitchens, bathrooms, flooring, or other interior features directly. In the absence of evidence of recent, extensive interior renovations, it's reasonable to assume these areas are outdated and would require minor to substantial updates to meet current standards and appeal. The cracked asphalt parking lot also shows wear. Therefore, 'Fair' is appropriate, as it's functional but clearly aged and likely requires significant cosmetic and system updates.
Pros & Cons
Pros
Investment Opportunity: This is an 8-unit residential income property, offering a significant opportunity for investors seeking a stable income stream in a desirable market.
Owner Financing Available: The availability of owner financing (with 30% down and negotiable interest) provides a flexible and attractive purchasing option for investors, potentially easing acquisition challenges.
Prime Location: Situated in prime Old Town Goleta, the property boasts excellent walkability (Walk Score 78) and bikeability (Bike Score 89), with convenient access to UCSB, Goleta Beach, and SB Airport, enhancing tenant appeal.
Recent Capital Improvements: The property features new roofs and is described as well-maintained, indicating recent capital expenditures that reduce immediate maintenance concerns for a new owner.
Diverse Unit Mix & Parking: Comprising seven 1BD/1BA units and one studio, along with laundry facilities, garages, and ample off-street parking across two APNs, it caters to a broad tenant base and offers operational flexibility.
Cons
Restricted Access for Due Diligence: The 'DO NOT DISTURB OCCUPANTS' and 'Showing subject to an acceptable offer' clauses significantly limit a buyer's ability to conduct thorough inspections and due diligence prior to making a firm commitment.
Age of Property: Built in 1948, while well-maintained and having new roofs, the property's age suggests potential for aging infrastructure (e.g., plumbing, electrical, HVAC systems) that may require future capital expenditures.
Lack of Transparency in Sales Process: The absence of a 'For Sale' sign and the restricted showing policy could deter some potential buyers and complicate the initial stages of the sales and negotiation process.