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  • Property Type
    MultifamilyProperty Type
  • Total Units
    19Total Units
  • Occupancy
    79%Occupancy
  • Asking Price
    $8,950,000Asking Price
  • In-Place Rents
    $2,946In-Place Rents
  • NOI
    $429,936NOI

Description

180 Holly Avenue presents a rare opportunity to acquire a 19-unit, low-rise multifamily asset in the highly desirable beach community of Carpinteria, just south of Santa Barbara. Built in 1965 on a 0.5-acre parcel (17,228 SF), this well-appointed property offers a mix of covered and surface parking, structured garage stalls, and thoughtfully landscaped communal outdoor spaces, including patios and seating areas that cater to tenants seeking comfort and coastal living.

Offered at $8,950,000 ($519.50 per SF), the property delivers an in-place net operating income of $429,936, reflecting a...

Documents

Offering Summary

  • Asking Price
    $8,950,000
  • Price PSF
    $520
  • Price/Unit
    $471,053

Sale Details

  • Cap Rate
    4.80%
  • NOI
    $429,936
  • Stabilized Cap Rate
    6.05%
  • Stabilized NOI
    $541,343
  • In-Place Cap Rate
    4.80%
  • In-Place NOI
    $429,936
  • GRM
    13.32
  • Potential GRM
    11.29
  • Cash-on-Cash
    3.65%
  • In-Place Rents
    2,946
  • Market Rents
    3,476
  • Rents Below Market
    18%

Documents

Property Address

180 Holly Avenue
Carpinteria, CA 93013

Property Details

  • Total Acres
    1
  • Property Type
    Multifamily
  • Total Units
    19
  • Available Units
    4
  • Occupancy
    79%
  • Average Unit Size
    907 SF
  • Average Rent
    2,946 $/mo
  • Year Built
    1965
  • Parking Ratio
    1.10 per 1000 SF
  • Zoning
    PRD20-Planned Residential Development
  • APN
    003-481-016

Property Details

Deal Team

Filip Niculete profile image
Filip Niculete

Description

180 Holly Avenue presents a rare opportunity to acquire a 19-unit, low-rise multifamily asset in the highly desirable beach community of Carpinteria, just south of Santa Barbara. Built in 1965 on a 0.5-acre parcel (17,228 SF), this well-appointed property offers a mix of covered and surface parking, structured garage stalls, and thoughtfully landscaped communal outdoor spaces, including patios and seating areas that cater to tenants seeking comfort and coastal living.

Offered at $8,950,000 ($519.50 per SF), the property delivers an in-place net operating income of $429,936, reflecting a...

Documents

Offering Summary

  • Asking Price
    $8,950,000
  • Price PSF
    $520
  • Price/Unit
    $471,053

Sale Details

  • Cap Rate
    4.80%
  • NOI
    $429,936
  • Stabilized Cap Rate
    6.05%
  • Stabilized NOI
    $541,343
  • In-Place Cap Rate
    4.80%
  • In-Place NOI
    $429,936
  • GRM
    13.32
  • Potential GRM
    11.29
  • Cash-on-Cash
    3.65%
  • In-Place Rents
    2,946
  • Market Rents
    3,476
  • Rents Below Market
    18%

Documents

Property Address

180 Holly Avenue
Carpinteria, CA 93013

Property Details

  • Total Acres
    1
  • Property Type
    Multifamily
  • Total Units
    19
  • Available Units
    4
  • Occupancy
    79%
  • Average Unit Size
    907 SF
  • Average Rent
    2,946 $/mo
  • Year Built
    1965
  • Parking Ratio
    1.10 per 1000 SF
  • Zoning
    PRD20-Planned Residential Development
  • APN
    003-481-016

Property Details

Deal Team

Filip Niculete profile image
Filip Niculete
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