5615 Carpinteria Avenue, CARPINTERIA, CA 93013 (MLS# 26-1818)

5615 Carpinteria Avenue, CARPINTERIA, CA 93013

$6,515,000

5615-Carpinteria-Avenue-Carpinteria-CA-9

Property Type: Res Inc Lot Size (sq. ft.): 20,038 Status: Active

Current Price: $6,515,000 List Date: 8/17/2026 Last Modified: 8/18/2026

Overview

Description

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 1-bedroom, & one 2-bedroom unit. A comprehensive 2016 renovation positions the asset as a turnkey opportunity with minimal deferred maintenance and strong in-place income. Strategically located along Carpinteria Ave, the property offers convenient access to major employment hubs, coastal amenities, & 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.

Listing Details MLS# 26-1818

Location Info

District: 05 - CARPINTERIA-SUMMERLAND
Street #: 5615
Street Name: Carpinteria
Street Suffix: Avenue
State: CA
Country: US
Postal Code: 93013
County: Santa Barbara
Parcel Nbr: 001-170-002
Cross Street: Casitas Pass Rd

Contract Info

Price: 6515000
Begin Date: 2026-06-01

Property Information

Number of Units: 28
Year Built: 2016
Apx # Acres: 0.46
Recurring Fees: No

Remarks

Hot Sheet Comment: price

Owner Info

Deposit: 202500
Deposit Type: %

Unit 1

# Units: 26
# Baths: Yes
Rent: 1563
Monthly Total: 40634

More Information

Unit 2

# Units: Yes
# Bedrooms: 2
# Baths: Yes
Rent: 2450
Monthly Total: 2450

Property Features

Zoning: Other Terms: Cash; Conventional Listing Type: ER

Listing Office: Radius Group Commercial R.E.

Last Updated: August - 18 - 2026

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