23 Magnolia Ave Goleta, CA 93117

JJ’s Apartments presents a rare opportunity to acquire a 19-unit multifamily community ideally located in the heart of Old Town Goleta. This well-maintained property offers investors a manageable coastal asset that combines vintage charm, walkable convenience, strong curb appeal, and attractive upside potential.

The community comprises (17) 1 BD/1BA and (2) 3BD/1BA, catering to steady demand from local workforce tenants and UCSB students alike. One unit was recently remodeled and just leased, showcasing the property’s renovation potential and rental appeal.

Situated on an approx. 14,810 SF parcel, the property features an approx. 12,755 SF building, along with a balanced parking ratio that includes 8 carports and 11 uncovered off-street spaces. The approx. 1,480 SF carport provides an ideal opportunity for future ADU development.

With its classic mid-century design and highly accessible location, JJ’s Apartments exemplifies the timeless, practical appeal of Goleta’s coastal rental housing market.

Roof scheduled to be replaced and balconies repaired by close of escrow.