180 Holly Ave - Apartments FOR SALE
Carpinteria, CA 93013 |
180 Holly Ave
Carpinteria, CA 93013
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.
FOR SALE DETAILS
PRICE
-
# OF UNITS
-
CAP RATE
-
% LEASED
-
BUILDING DETAILS
PROPERTY NAME
Rare Offering | Value-Add | Beachside
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
17228
STORIES
2
YEAR BUILT
1965
PARKING SPACES
19
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
003-481-016
