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7392 Freeman Pl, 
Goleta, CA 93117

$1,400,000


5

Beds


3

Baths


2,437

Sq Ft


Multi-Family

Active

Listed by

Daniel Withers

Matthews Real Estate Investment Services

866-889-0550

Last updated:

April 2, 2026, 02:16 PM

MLS#

26667707

Source:

CA CLAW

About This Home

7392 Freeman Pl

-Rare Goleta Investment Opportunity: Premium duplex opportunity in Goleta, one of California's most supply-constrained coastal rental markets, offering durable tenant demand and long-term investment stability. -Best-in-Class Unit Sizes: Two-unit configuration (2BR/1BA and 3BR/2BA) averaging 1,219 SF per unit, significantly larger than typical Goleta rental inventory and attractive to long-term tenants. -Strong In-Place Rents: Current rents of $3,870 and $4,515 reflect strong demand for larger-format housing in the Goleta market. -Exempt from Rent Control: As an owner-occupied duplex, the property qualifies for the AB 1482 owner-occupied exemption, and the City of Goleta's Tenant Protections Ordinance does not impose additional rent caps. -Full Operational Flexibility: Ownership maintains full control over rent adjustments, lease structures, and long-term income strategy. -Alternative to Nearby Regulated Markets: Attractive option for investors exiting Santa Barbara, Oxnard, and Ojai, where rent control policies limit annual income growth. -Durable Supply Constraints: Strict coastal development regulations and entitlement barriers across Santa Barbara County significantly restrict new housing supply. -Ideal for Passive and 1031 Investors: Stable tenant demand and a simple duplex structure support low management intensity and reliable income in a highly undersupplied coastal market.

Home Facts

Multi-Family

3 Baths

5 Bedrooms

Price Summary

1,400,000

$574 per Sq. Ft.

MLS #:

26667707

Last Updated:

April 2, 2026, 02:16 PM

Added:

18 day(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

5

Bathrooms

Total Bathrooms:

3

Interior

Living Area:

2,437 Sq. Ft.


Lot

Lot Size (Sq. Ft):

10,890


Finances & Disclosures

Finances

Price:

$1,400,000

Price per Sq. Ft:

$574 per Sq. Ft.

Source:CA CLAW
The information being provided by The Mls/Claw is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is deemed reliable but not guaranteed and should therefore be independently verified. © 2026 The Mls/Claw All rights reserved.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.