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
Sale Details
- Cap Rate4.80%
- NOI$429,936
- Stabilized Cap Rate6.05%
- Stabilized NOI$541,343
- In-Place Cap Rate4.80%
- In-Place NOI$429,936
- GRM13.32
- Potential GRM11.29
- Cash-on-Cash3.65%
- In-Place Rents2,946
- Market Rents3,476
- Rents Below Market18%
Documents
Property Address
Property Details
- Total Acres1
- Property TypeMultifamily
- Total Units19
- Available Units4
- Occupancy79%
- Average Unit Size907 SF
- Average Rent2,946 $/mo
- Year Built1965
- Parking Ratio1.10 per 1000 SF
- ZoningPRD20-Planned Residential Development
- APN003-481-016
Property Details





















Deal Team

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
Sale Details
- Cap Rate4.80%
- NOI$429,936
- Stabilized Cap Rate6.05%
- Stabilized NOI$541,343
- In-Place Cap Rate4.80%
- In-Place NOI$429,936
- GRM13.32
- Potential GRM11.29
- Cash-on-Cash3.65%
- In-Place Rents2,946
- Market Rents3,476
- Rents Below Market18%
Documents
Property Address
Property Details
- Total Acres1
- Property TypeMultifamily
- Total Units19
- Available Units4
- Occupancy79%
- Average Unit Size907 SF
- Average Rent2,946 $/mo
- Year Built1965
- Parking Ratio1.10 per 1000 SF
- ZoningPRD20-Planned Residential Development
- APN003-481-016
Property Details
Deal Team

