7375 Chapman, Goleta, CA 93117, Goleta, 93117 - 5 bed, 3 bath
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Goleta, CA 93117
This property presents a High-Potential Investment Opportunity with a List Price of $1,526,000—positioned well below the $1,577,372 Fair Market Value by 3%. This valuation gap offers $51,372 in Instant Equity. Featuring a 3 Condition Rating and Dual-Living Versatility, the home includes approved permits for a third unit, maximizing cash flow potential. Located near UCSB and the coast, this is a high-reward acquisition ideal for Buy-and-Hold Investors or Owner-Occupants seeking a flexible, income-producing asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 7375 Chapman Subject | $1,526,000* List Price | 5 | 3 | 2,335 | $676 | - |
A 7307 Lowell Way Pending | $1,385,000 List Price | 3 | 3 | 1,721 | $805 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While the structure dates to 1970, the property is well-maintained and features a unit that has been recently remodeled with modern tile flooring, recessed lighting, and updated ceiling fans. It is move-in ready and functional for multi-generational living or rental income.
The property is thoughtfully configured as a duplex with separate private entrances and two full kitchens, offering immediate potential for rental income, house-hacking, or multi-generational living.
The sale includes city-approved blueprints and paid permits for a third unit, providing a rare and streamlined opportunity to increase density and maximize the property's cash flow.
Situated in 'The Good Land,' the home is minutes from UCSB, Goleta Beach, and downtown Santa Barbara, ensuring high tenant demand and strong long-term appreciation in a desirable tech and research hub.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =6240, other record lot size in square feet = 6534.
While one unit has been beautifully remodeled, the other may require additional capital investment to bring it up to the same modern standard and command premium market rents.
Adding a third unit to a 6,240-square-foot lot already housing a 2,335-square-foot structure may significantly limit private outdoor space and lead to parking challenges for multiple tenants.
Discover an exceptional investment and lifestyle opportunity in the heart of Goleta! This versatile 5-bedroom, 2.5-bath property offers 2,335 square feet of living space on a 6,240-square-foot lot and is thoughtfully designed to function as a duplex, with separate private entrances for each unit. Whether you're looking to live in one unit while generating rental income from the other or maximize cash flow by renting both, this property offers outstanding flexibility. Inside, you'll find two fully equipped kitchens, making dual occupancy effortless. One unit has been beautifully remodeled and upgraded, blending modern finishes with everyday comfort. The home also features a private laundry room, spacious living room and family room, and a functional layout that accommodates multi-generational living, investors, or owner-occupants alike. Seller has also been approved by the city to add a third unit and also has paid for the blueprints and permits for that potential addition. Ideally located just approximately 10 minutes from Downtown Santa Barbara and 10 minutes from Goleta Beach Park, you'll enjoy easy access to miles of coastline, scenic bike paths, shopping, restaurants, and endless outdoor recreation. The vibrant Funk Zone, known for its award-winning wineries, craft breweries, art galleries, and popular dining, is only about 15 minutes away, while State Street offers premier shopping, entertainment, and year-round events just minutes from home. Goleta is affectionately known as "The Good Land" for its stunning beaches, mild coastal climate, thriving technology and research industries, top-rated schools, and proximity to the University of California, Santa Barbara (UCSB). Residents enjoy a relaxed coastal lifestyle with hiking trails, parks, golf courses, farmers markets, and convenient access to Santa Barbara Airport. Whether you're seeking a primary residence, multi-generational home, or an exceptional income-producing investment, this unique property offers endless possibilities in one of the Central Coast's most desirable communities.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 0.0 |
| Baths | 3.0 | 0.0 |
| Square foot | 2,335 | - |
| Lot Size | 6,240 | - |
| Price | $1.53M | $1.48M |
| Price per sq ft | $654 | $850 |
| Built year | 1970 | 0 |
| HOA | $0 | $0 |
| Days on market | 8 | 54 |
Jul 14, 2026
$1,526,000
Initial Listing