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Back 7392 Freeman Place
Off Market

7392 Freeman Place

Goleta CA 93117

5
3
2437 sq. ft.
10890 sq. ft.
Other
Last sold for $1,400,000
Daniel WithersDaniel Withers, last sold this property on 28 April 2026 after 38 days on market.

Overview

-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.

Features

5 bedrooms
3 bathrooms
2437 sq. ft. floor area
10890 sq. ft. lot size
Other

Estimated Value

We need at least 3 similar 5 bedroom other properties sold in Goleta over the last 12 months.

Property history for 7392 Freeman Place

2026
Sold
$1,400,000
28 Apr 2026 by Daniel Withers, of Matthews Real Estate Investment Services

Happy sellers in Goleta

92%
92% of sellers in Goleta reported that their sale price either exceeded or met their price expectations.

Goleta stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 10 reviews in Goleta over the last 12 months.

Local market activity for 5 bedroom other properties in Goleta

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