4647 Carpinteria Ave - Apartments FOR SALE


Carpinteria, CA 93013- East Santa Barbara
$3,295,000 USD
805-898-4374
4647 Carpinteria Ave, Carpinteria, CA for Sale
$3,295,000 USD
Apartments - FOR SALE
1/6
null | Request Cap Rate

4647 Carpinteria Ave
Carpinteria, CA 93013
East Santa Barbara


OVERVIEW

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

FOR SALE DETAILS

PRICE

$3,295,000 USD

PRICE/SF

$548 USD /SF

# OF UNITS

5

PRICE/UNIT

$659,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2006

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,553 SF

ZONING

C2

APN/PARCEL ID

003-242-035

ASK ABOUT THIS PROPERTY

Caitlin HenselHayes Commercial GroupMore Info
805-898-4374

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Caitlin HenselHayes Commercial GroupMore Info
805-898-4374

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.