For Sale

Listed by Gene Deering and Paul Gamberdella from Radius Group Commercial R.E.

Source: Santa Barbara Multiple Listing Service #26-1818

5615 Carpinteria Ave, Carpinteria, CA, 93013

$6,515,000

20037.6 sq. ft.

Other

30+ days on the market

What's around 5615 Carpinteria Ave

About this property

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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