5615 Carpinteria Avenue, Carpinteria, CA 93013
- $6,515,000
- List Price
- $6,515,000
- Status
- ACTIVE
- MLS#
- 26-1818
- Price Change
- ▼ $235,000 1787105985
- Region
- CARPINTERIA-SUMMERLAND
- Year Built
- 2016
Property Description
Rare opportunity to acquire a stabilized 28-unit multifamily asset in Carpinteria--one of Southern California's most supply- constrained coastal rental markets. The property features an efficient mix of 26 studios, one 1-bedroom, & one 2-bedroom unit. A comprehensive 2016 renovation positions the asset as a turnkey opportunity with minimal deferred maintenance and strong in-place income. Strategically located along Carpinteria Ave, the property offers convenient access to major employment hubs, coastal amenities, & regional transportation corridors, including nearby Santa Barbara. With new development constrained across the California South Coast, the asset benefits from high barriers to entry-supporting durable income, operational stability, and long term appreciation potential.
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Additional Information
- Elementary School
- See Remarks
- Middle School
- Carp. Jr.
- High School
- Carp. Sr.
- Acres
- 0.46
- Region
- CARPINTERIA-SUMMERLAND
- Terms
- Cash, Conventional
- Units
- 28
- Zoning
- Other
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Listing courtesy of Radius Group Commercial R.E..