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5615 Carpinteria Ave
Carpinteria, CA 93013
OHM Beach Lofts · Multifamily Property For Sale
·
28 Units
Investment Highlights
- 28-unit turn-key asset.
- Unit mix: 26 studios, (1) 1BD/1BA & (1) 2BD/1BA.
- Parking: 30 spaces.
- $241,000/unit.
- 7 storage lockers in attic (more could be added).
- Full renovation in 2016.
Executive Summary
2016 Full Renovation—Reduced CapEx Risk with Strong Market Positioning.
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 one-bedroom, and one two-bedroom unit, well aligned with consistent local demand. A comprehensive 2016 renovation positions the asset as a turnkey opportunity with minimal deferred maintenance and strong in-place income.
Strategically located along Carpinteria Avenue, the property offers convenient access to major employment hubs, coastal amenities, and 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 in a premier coastal infill market.
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 one-bedroom, and one two-bedroom unit, well aligned with consistent local demand. A comprehensive 2016 renovation positions the asset as a turnkey opportunity with minimal deferred maintenance and strong in-place income.
Strategically located along Carpinteria Avenue, the property offers convenient access to major employment hubs, coastal amenities, and 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 in a premier coastal infill market.
Property Facts
| Price Per Unit | $335,154 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.46 AC |
| No. Units | 28 | Building Size | 10,150 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1975 |
| Apartment Style | Low-Rise | Parking Ratio | 1.33/1,000 SF |
| Zoning | CHOD | ||
| Price Per Unit | $335,154 CAD |
| Sale Type | Investment |
| No. Units | 28 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.46 AC |
| Building Size | 10,150 SF |
| No. Stories | 2 |
| Year Built | 1975 |
| Parking Ratio | 1.33/1,000 SF |
| Zoning | CHOD |
Amenities
Unit Amenities
- Cable Ready
- Heating
- Eat-in Kitchen
- Kitchen
- Granite Countertops
- Refrigerator
- Oven
- Range
- Carpet
Site Amenities
- Laundry Facilities
- Property Manager on Site
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 14 | - | 753 |
| 2+1.5 | 14 | - | 872 |
Property Taxes
| Parcel Number | 001-170-002 | Improvements Assessment | $4,403,750 CAD |
| Land Assessment | $6,005,115 CAD | Total Assessment | $10,408,865 CAD |
Property Taxes
Parcel Number
001-170-002
Land Assessment
$6,005,115 CAD
Improvements Assessment
$4,403,750 CAD
Total Assessment
$10,408,865 CAD
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