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5615 Carpinteria Ave
Carpinteria, CA 93013 East Santa Barbara

$6,515,000 USD

Apartments For Sale • 10,150 SF

Property Details

Property Type Apartments
Total Building Size 10,150 SF
Lot Size 0.46 AC
Building Class C
Year Built 1975
Zoning CHOD

30 Transit Score

40 Walk Score

                
                    Highlights
                
                                28-unit turn-key asset with full renovation in 2016.
                            
                                $232,679/unit  |  5.30% Cap Rate  |  
                            
                                Unit mix: 26 studios, (1) 1BD/1BA & (1) 2BD/1BA.
                            
                                7 storage lockers in attic (more could be added).
                            
                                Parking: 30 spaces.
                            
                                Studios have recently rented for $1,750/mo, indicating an approximate 6.27% cap rate if all studio units achieve this same rent.

Property Flyers

Ohm Beach Lofts | 5615 Carpinteria Ave., Carpinteria, CA 93013

Amenities

24 Hour Access
Cable Ready
Laundry Facilities
Property Manager on Site
Tenant Controlled HVAC
Heating
Eat-in Kitchen
Kitchen
Granite Countertops
Refrigerator
Oven
Range
Carpet
Walk-Up

Public Transportation

Commuter Rail	Drive	Walk	Distance
	4 min	-	1.1 mi
Airport	Drive	Walk	Distance
Santa Barbara Municipal	29 min	-	22.2 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	10
Type:	Surface
Included in Rent:	Yes

Gene Deering 805-886-9144 Radius Commercial Real Estate, Inc.

5615 Carpinteria Ave Carpinteria, CA 93013 East Santa Barbara