6207 Newcastle Avenue 6207 Newcastle Ave, GOLETA, CA 93117, GOLETA, 93117 - 3 bed, 6 bath
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GOLETA, CA 93117
This Value-Add Residential Asset is a High-Potential Investment Opportunity listed at $1,350,000—positioned well below the $1,408,502 Fair Market Value by 4%. This valuation gap offers $58,502 in Instant Equity for buyers. Featuring a Condition Rating of 4, the home requires modernization but provides immediate utility through a permitted Granny Unit, Owned Solar Panels, and a Private Patio. Situated on a Prime Corner Lot with high lot utilization, this property is a strategic acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a high-upside project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 6207 Newcastle Avenue 6207 Newcastle Ave Subject | $1,350,000* List Price | 3 | 6 | 1,468 | $959 | - |
A 6194 Malva Avenue Sold | $1,450,000 | 4 | 2 | 1,444 | $1,004 | 0.1 mi |
B 6269 Shamrock Avenue Sold | $1,520,000 | 3 | 2 | 1,535 | $990 | 0.2 mi |
C 5984 Berkeley Road Sold | $1,400,000 | 3 | 2 | 1,382 | $1,013 | 0.7 mi |
D 449 Arundel Road Sold | $1,469,500 | 3 | 2 | 1,435 | $1,024 | 0.9 mi |
E 6217 Marlborough Drive Sold | $1,250,000 | 3 | 2 | 1,411 | $886 | 0.5 mi |
F 515 Amherst Drive Sold | $1,395,000 List Price | 3 | 2 | 1,237 | 0.6 mi | |
G 305 Lexington Avenue Pending | $1,350,000 List Price | 3 | 2 | 1,369 | $986 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1961, this property shows its age with bathrooms featuring dated 1980s/90s-style gold-framed shower doors and 'Hollywood' light bars. While the home is functional and includes owned solar panels and Saltillo tile, the listing admits to deferred maintenance, and the interior finishes are well beyond the 20-year mark, requiring cosmetic and system updates to meet modern standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8712, living area = 1468.
The conversion of two bedrooms into a dedicated granny unit provides excellent flexibility for multigenerational living or potential rental income.
The property includes solar panels that are fully owned, not leased, offering the new owner immediate energy savings and increased home equity.
The listing notes deferred maintenance, particularly in the landscaping and yard, which will require immediate attention and capital investment from the buyer.
Built in 1961 and featuring Saltillo tile throughout, the home may require significant interior modernization to meet the expectations of contemporary buyers at this price point.
This home was originally considered a four bedroom. We converted two bedrooms into a granny unit. Saltillo tile throughout the whole house. Great location with a corner lot. There is some deferred maintenance but mostly in landscaping. We also have solar panels that we are paying for, not leased. There is some deferred maintenance but most of it is in the landscaping and yard. 24-hour notice to show.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 46% |
| Baths | 6.0 | 2.0 | 99% |
| Square foot | 1,468 | 1,627 | 38% |
| Lot Size | 8,712 | 7,405.2 | 73% |
| Price | $1.35M | $1.47M | 39% |
| Price per sq ft | $920 | $874 | 61% |
| Built year | 1961 | 1963 | 31% |
| HOA | $0 | $0 | 50% |
| Days on market | 9 | 184 | 1% |
Apr 13, 2026
$1,350,000
Initial Listing
Feb 19, 1999
$255,000
Public Record