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180 Holly Ave
Carpinteria, CA 93013 East Santa Barbara

$8,950,000 USD

Apartments For Sale  •  17,228 SF

Property Details

  • Property Type Apartments
  • Total Building Size 17,228 SF
  • Lot Size 0.5 AC
  • Building Class C
  • Year Built 1965
0 Transit Score
70 Walk Score

Highlights

Rare Coastal Offering – First time on market in nearly 40 years; long-term family ownership in one of the South Coast’s most supply-constrained market
Immediate Value-Add Upside – In-place rents trail market by ~18% with three vacant units and a manager’s unit ready for repositioning.
Two Furnished Units – Delivered turn-key at closing for optional short-term or premium long-term rental operation.
Rent Growth Advantage – Select units qualify for rent increases totaling approximately $500 per month ($6,000 annually), adding an estimated $60K–$75K
Desirable Unit Mix – Nineteen spacious units averaging ~825 SF, primarily two-bedroom layouts with patios or balconies.
Prime Beachside Location – Half a block from Carpinteria State Beach and minutes from Linden Avenue shops, dining, and Amtrak access.

Amenities

  • Pool
  • Heating
  • Kitchen
  • Range

Public Transportation

Commuter RailDriveWalkDistance
Carpinteria Amtrak (Pacific Surfliner - Amtrak) 2 min 8 min 0.4 mi
AirportDriveWalkDistance
Santa Barbara Municipal 43 min - 23.6 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 8
Type: Surface
Included in Rent: Yes
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