This rare, 100% leased mixed-use investment offers four newly renovated residential units above a ground-floor commercial unit currently leased to an art studio. In addition to spacious units, the property features excellent on-site parking, four storage garages, and in-unit laundry. This property is ideally located in the coastal community of Carpinteria just one mile from the beach with nearby notable developments including the Linden Square project, The Palms hotel conversion, and the proposed Surfliner Inn,
indicating a promising outlook for the area.
Price: $3,295,000 (4.81% cap rate)
Size: 6,017 SF ($548 PSF)
Units: 4 residential; 1 commercial
Unit Mix: 1 x 3BD/2BA; 2 x 2B/1BA; 1 x 1BD/1BA; 2,152 SF Commercial
Occupancy: 100% occupied
Lot: 9,583
Year Built: 2007
Zoning: CPD
APN: 003-242-035
Parking: 14 spaces (four garage spaces)
Recent Upgrades: New flooring, paint, countertops and appliances
Laundry: In-unit (residential)
HVAC: Yes
To Show: Call listing agents