4873 Rhoads Avenue, GOLETA, CA 93111, GOLETA, 93111 - 6 bed, 3 bath
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GOLETA, CA 93111
This Multi-Generational Residential Asset is a Strong Value Opportunity, listed at $1,499,000—positioned well below the $1,628,478 Fair Market Value by 7%. This valuation gap provides $129,478 in Instant Equity for incoming buyers. While maintaining a Condition Rating of 4, the property offers a self-contained 2-bedroom upstairs unit and direct bike path access to UCSB. Featuring mountain views and mature citrus trees, it perfectly balances high rental demand with suburban utility. This is an ideal acquisition for Buy-and-Hold Investors or Multi-Generational Families.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4873 Rhoads Avenue Subject | $1,499,000* List Price | 6 | 3 | 2,444 | $666 | - |
A 631 San Ricardo Drive Sold | $1,550,000 | 5 | 3 | 2,302 | $673 | 0.8 mi |
B 112 Santa Ana Avenue Pending | $1,675,000 List Price | 7 | 3 | 2,351 | $712 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1962, the property shows a clear contrast between recent cosmetic updates and original, aging components. While there is fresh paint and a mix of newer laminate and carpet flooring, the kitchens and bathrooms are significantly outdated. The main kitchen features heavily worn original cabinetry, an older wall oven, and missing under-counter components, while the upstairs unit maintains a basic, dated aesthetic. The property is functional and move-in ready but requires substantial modernization to meet current quality standards.
The property features a unique layout with a self-contained 2-bedroom upstairs unit and private entrance, offering exceptional flexibility for rental income or extended family living.
Backing directly onto the local bike path, the home provides convenient and scenic access to UCSB and Santa Barbara, making it highly attractive to students and commuters.
The private backyard is enhanced by mature avocado and citrus trees, a covered patio, and a storage shed, providing a functional and productive outdoor living space.
Built in 1962, the residence may require updates to its original systems and cosmetic finishes to meet modern standards and buyer expectations.
With six bedrooms on a standard 6,969 sqft lot, the property may face challenges regarding parking availability and privacy if utilized at full capacity by multiple households.
Discover a rare opportunity with this spacious and flexible 6-bedroom, 3-bathroom property, perfectly suited for multi-generational living or investment potential. The main level features 4 bedrooms and 2 bathrooms, along with a generous living room, dining area, breakfast bar and kitchen. Step outside to a private backyard with a covered patio, mature avocado & citrus trees plus a storage shed. The yard backs directly to the bike path for easy access to SB or UCSB. Upstairs, a fully self-contained 2-bedroom, 1-bathroom unit with its own private entrance and balcony creates excellent flexibility. (Interior access from main home as well.) Use it for extended family, guests, or as a potential rental for added income.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 6.0 | 4.0 | 98% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,444 | 1,932 | 75% |
| Lot Size | 6,969 | 8,712 | 29% |
| Price | $1.50M | $1.61M | 31% |
| Price per sq ft | $613 | $866 | 15% |
| Built year | 1962 | 1965 | 37% |
| HOA | $0 | $0 | 50% |
| Days on market | 29 | 173 | 2% |
Mar 24, 2026
$1,499,000
Initial Listing