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5615 Carpinteria Ave

Carpinteria CA 93013

20037.6 sq. ft.
Other
Currently for sale - view listing

Overview

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.

Features

20037.6 sq. ft. lot size
Other

Property history for 5615 Carpinteria Ave

2016
Sold
$6,500,000
18 Nov 2016 by Steven Golis, of Radius Group Commercial R.E.
2015
Sold
$850,144
14 Aug 2015
1994
Sold
$1,300,000
15 Dec 1994 by Joel Kaye, of Berkshire Hathaway HomeServices California Properties (Santa Barbara, 93105)

Happy sellers in Carpinteria

95%
95% of sellers in Carpinteria reported that their sale price either exceeded or met their price expectations.

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

This is based on voluntary sentiment collected from 4 reviews in Carpinteria over the last 12 months.

Local market activity for other properties in Carpinteria

In the last 12 months, 35 other properties similar to 5615 Carpinteria Ave, have been sold.

This represents a 45% decrease in other properties sales when compared to the previous 12 months.

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