Coldwell Banker Home Page
Skip to main contentColdwell Banker Home Page
Local Realty Service Provided By: Coldwell Banker Realty
Property view
Listing view 2
Listing view 3

23 Magnolia Avenue, 
Goleta, CA 93117

$5,550,000

—

Bed

—

Bath

12,755

Sq Ft

Multi-Family

Pending

Listed by

Steven J Golis

Radius Group Commercial R.E.

Last updated:

December 17, 2025, 10:04 AM

MLS#

25-4179

Source:

SBAOR

About This Home

23 Magnolia Avenue

Roof will be replaced and balconies repaired by close of escrow! JJ's Apartments offers a rare chance to acquire a 19-unit community in the heart of Old Town Goleta. This well-maintained asset blends vintage charm, walkable convenience, strong curb appeal, and meaningful upside. The mix includes (17) 1BD/1BA and (2) 3BD/1BA units, drawing consistent demand from workforce tenants and UCSB students. One recently remodeled unit was just leased, highlighting renovation potential. The ±14,810 SF parcel includes a ±12,755 SF building, 8 carports, 11 uncovered spaces, and a ±1,480 SF carport suited for future ADU development. With its mid-century design and prime accessibility, JJ's Apartments embodies Goleta's enduring coastal rental appeal.

Home Facts

Multi-Family

Built in 1971

Price Summary

5,550,000

$435 per Sq. Ft.

MLS #:

25-4179

Last Updated:

December 17, 2025, 10:04 AM

Added:

a month ago

Rooms & Interior

Interior

Living Area:

12,755 Sq. Ft.

Structure

Structure

Year Built:

1971

Lot

Lot Size (Sq. Ft):

14,810

Finances & Disclosures

Finances

Price:

$5,550,000

Price per Sq. Ft:

$435 per Sq. Ft.

Source:SBAOR
Based on information from the Santa Barbara MLS as of December 19, 2025 Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Contact an Agent

Yes, I would like more information from Coldwell Banker. Please use and/or share my information with a Coldwell Banker agent to contact me about my real estate needs.

By clicking Contact I agree a Coldwell Banker Agent may contact me by phone or text message including by automated means and prerecorded messages about real estate services, and that I can access real estate services without providing my phone number. I acknowledge that I have read and agree to the Terms of Use and Privacy Notice.

 

Contact an Agent

Yes, I would like more information from Coldwell Banker. Please use and/or share my information with a Coldwell Banker agent to contact me about my real estate needs.

By clicking Contact I agree a Coldwell Banker Agent may contact me by phone or text message including by automated means and prerecorded messages about real estate services, and that I can access real estate services without providing my phone number. I acknowledge that I have read and agree to the Terms of Use and Privacy Notice.