5615 Carpinteria Ave, Carpinteria, CA 93013

Rare opportunity to acquire a stabilized 28-unit multifamily asset in Carpinteria—one of Southern California's most supply-constrained coastal rental markets. The property features an efficient mix of 26 studios, one one-bedroom, and one two-bedroom unit, well aligned with consistent local demand. A comprehensive 2016 renovation positions the asset as a turnkey opportunity with minimal deferred maintenance and strong in-place income.

Strategically located along Carpinteria Avenue, the property offers convenient access to major employment hubs, coastal amenities, and regional transportation corridors, including nearby Santa Barbara. With new development constrained across the California South Coast, the asset benefits from high barriers to entry—supporting durable income, operational stability, and long-term appreciation potential in a premier coastal infill market.

Just a short drive from the Carpinteria Industrial Park, 5615 Carpinteria Ave is ideally positioned within one of the South Coast's premier employment hubs. The area is anchored by a strong concentration of technology and advanced manufacturing firms, including LinkedIn, Procore Technologies, Agilent Technologies, Gigavac, and NuSil Technology. Its proximity to the Carpinteria bluffs further enhances the location, combining coastal open space with a highly concentrated employment base.

The property benefits from direct access to a deep, high-quality renter pool driven by both local employers and regional connectivity to Goleta and Santa Barbara. The convergence of high-paying technology and manufacturing jobs, coastal lifestyle amenities, and limited housing supply supports sustained rental demand, positioning 5615 Carpinteria Avenue within one of the South Coast's most desirable and supply-constrained rental markets.