$4,995,000
PENDING

Estimated payment $30,510/month

Total Views 3,555
-- Bed
-- Bath
5,925 Sq Ft
$843 Price per Sq Ft

Highlights

  • Property is near an ocean
  • Property is in excellent condition
  • 1-minute walk to Carpinteria Salt Marsh Nature Park
  • Property is near park, public transit, schools, shops, and bus stop

About This Home

Located one block from the beach and directly across from Carpinteria Salt Marsh 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 7 - 2BD/1BA, each approximately 825-850 square feet. Three units can be delivered vacant by 3rd quarter 2026 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 Agent

Christos Celmayster

Hayes Commercial Group License #01342996 Listed on: 05/11/2026

Co-Listing Agent

Francois DeJohn

Hayes Commercial Group License #01144570

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 7,405 Sq Ft Lot
  • Property is in excellent condition

Home Design

  • Slab Foundation

Interior Spaces

  • 5,925 Sq Ft Home
  • 2-Story Property

Parking

  • 3 Open Parking Spaces
  • 8 Parking Spaces
  • 4 Carport Spaces

Schools

  • Canalino Elementary School
  • Carp. Jr. Middle School
  • Carp. Sr. High School

Additional Features

  • Property is near an ocean
  • Property is near park, public transit, schools, shops, and bus stop

Listing and Financial Details

  • Assessor Parcel Number 003-463-007
  • Seller Considering Concessions

Community Details

Overview

  • 7 Units

Building Details

  • Operating Expense $103,842
  • Net Operating Income $228,966

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

7,405 Sq Ft Lot

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1964
  • Capitalization Rate: 4.58
  • Annual Expenses: 103842.0
  • Monthly Income: 28300.0
  • Meters Sep Meter Elec: Y
  • Meters Sep Meter Gas: No
  • Meters Sep Meter Wtr: N
  • Miscellaneous Parking Spaces: 8.0
  • Building Stories: 2
  • ResoLaundryFeatures: Other
  • ResoLotFeatures: Near Public Transit
  • Co List Office Mls Id: bhc
  • Co List Office Phone: 805-563-2111
  • New Construction: No
  • Reso Property Condition: Excellent
  • Property Information Year Built2: 1964
  • Property Information Apx # Acres: 0.17
  • NeighborhoodSchools Elementary School: Canalino
  • NeighborhoodSchools Junior High School: Carp. Jr.
  • NeighborhoodSchools High School: Carp. Sr.
  • Parking Info Carport2: Yes
  • Parking Info Total # Carport Spaces2: 4.0
  • Parking Info Total # Unconvered Spaces: 3.0
  • Condition Excellent: Yes
  • Foundation:Slab: Yes
  • Proximity Near Ocean2: Yes
  • Proximity Near Park(s)2: Yes
  • Proximity Near School(s)2: Yes
  • Property Information Main House SqFt: 5925.0
  • Proximity Near Shopping2: Yes
  • Proximity Near Bus: Yes
  • General Property Information Stories2: 2.0
  • IncomeExpenses NOI2: 228966
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Exterior Features

  • Acres: 0.17
  • Foundation Details: Slab

Garage/Parking

  • Open Parking Spaces: 3.0
  • Parking Features: Carport
  • Total Parking Spaces: 8.0

Schools

  • Elementary School: Canalino
  • High School: Carp. Sr.
  • Middle Or Junior School: Carp. Jr.

Lot Info

  • Parcel #: 003-463-007
  • Zoning: Other
  • Lot Size Sq Ft: 7405.2
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 7
  • Annual Operating Expense: 103842.0
  • Total Actual Rent: 28300.0

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $41,425 $3,382,598 $2,002,498 $1,380,100
2023 $40,560 $3,251,250 $1,924,740 $1,326,510
2022 $39,067 $3,187,500 $1,887,000 $1,300,500
2021 $19,091 $1,307,952 $466,526 $841,426
2020 $18,757 $1,294,542 $461,743 $832,799
2019 $18,299 $1,269,160 $452,690 $816,470
2018 $17,906 $1,244,275 $443,814 $800,461
2017 $17,503 $1,219,878 $435,112 $784,766
2016 $17,200 $1,195,960 $426,581 $769,379
2015 $17,058 $1,177,997 $420,174 $757,823
2014 $16,119 $1,154,923 $411,944 $742,979
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
05/23/2026 05/23/26 Pending -- -- --
05/11/2026 05/11/26 For Sale $4,995,000 0.0% $843 / Sq Ft
09/12/2022 09/12/22 Rented $4,950 0.0% --
05/03/2022 05/03/22 Off Market $4,950 -- --
02/02/2022 02/02/22 For Rent $4,950 -- --
Source: Santa Barbara Multiple Listing Service

Source: Santa Barbara Multiple Listing Service

MLS Number: 26-1533

Santa Barbara Multiple Listing Service
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