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32394412
32394411

160 Ash Avenue, Carpinteria, CA 93013

FD
CA01144570
Hayes Commercial Group
Hayes Commercial Group
Listed by Hayes Commercial Group
$4,995,000
28 days on market
Updated 16 days ago

White Caps Apartments - Located 1 Block From the Beach

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 5,925
Net Rentable (SqFt) 5,925
Units 7
Lot Size (SqFt) 7,405
Parking Spaces spaces
Investment Type Stabilized

Updated 7-Unit Apartment One Block From the Beach in Carpinteria

Marketing description

SALE PRICE $4,995,000

($713,571/unit)

UNITS 7

UNIT MIX All 2BD/1BA

RENTABLE SF 5,925 SF

LAND SIZE 7,405 SF

CAP RATE 4.53-4.58% (current)*

4.79% (AB 1482)

4.92% (market)

GRM 14.57-14.71 (current)*

14.27 (AB 1482)

13.99 (market)

APN 033-032-022

PARKING 7 - 8 spaces

YEAR BUILT 1964 (remodeled)

TO SHOW Do not disturb tenants;

Call listing agents

Investment highlights

Located about half a block from the beach and directly across from a protected nature reserve, this beautifully renovated 7-unit apartment property offers the kind of setting investors and lifestyle buyers search for but rarely find. The best of Carpinteria is readily at hand: relaxed beach-town lifestyle, a charming downtown, and inviting coastline and natural beauty.

The property features seven 2-bedroom, 1-bath units, each approximately 825–850 square feet. Three units can be delivered vacant, giving a new owner flexibility to capture market rents, pursue short-term rental income (subject to permitting), or reserve units for personal use.

Linden Avenue, Carpinteria’s famously strollable downtown corridor lined with restaurants and shops, is just a few blocks away. Linden Square is a new dynamic hub with tenants including Third Window Brewing, Corazón Cocina, Tina’s Pizza, and Dart Coffee. Little Dom’s Seafood is another dining draw nearby. Two planned projects — the City’s Linden Plaza improvement at the beach end of Linden Avenue, and the proposed Surfliner Inn mixed-use hotel and café at the former train depot — indicate continued investment in the area.

For the buyer who values location as much as income potential, 160 Ash Avenue checks every box: renovated coastal product, a highly walkable setting, flexible occupancy options, and an ideal site in one of Southern California’s most endearing beach communities.

Listing Contacts

FD
CA01144570
Hayes Commercial Group
Hayes Commercial Group
Listed by Hayes Commercial Group

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