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$5,500,000
Est. payment /mo
0.32 Acres Lot
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
MLS Listing ID 26-3687
Year Built 1985
Lot Size 0.320 Acres
Acres 0.32
Lot Dimensions 13939.2
Source Santa Barbara Multiple Listing Service
Property Description
Right in the middle of Carpinteria's resurgent central core, adjacent to the new Linden Square development and a few blocks to the beach, Linden Lofts offer a rare multi-family investment opportunity in the downtown area. Built to townhome-style condominium standards, all 6 units are 1200+SF (measured) w/18-foot ceilings, large private patios and 2 parking spaces. Priced at ~$750/SF, Linden Lofts compares favorably to recent multi-family sales in Carpinteria, with further upside return potential if brought to a higher design concept deserving of this A++ location. Few multi-family properties were ever built in the downtown core of Carpinteria - consider this unique opportunity to ride the wave of property and rent appreciation in this supply-constrained and highly desirable niche market.
Location
State CA
County Santa Barbara
Interior
Heating Forced Air
Cooling None
Laundry In Unit
Exterior
Parking Features Carport, Mixed
Building
Lot Description Near Public Transit
Foundation Slab
New Construction No
Others
Tax ID 003-313-011
Acceptable Financing Cash
Listing Terms Cash
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Listed by Berkshire Hathaway HomeServices California Properties
Nearby Locations
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John R Thompson
Broker/Owner License ID: 01200900
Broker/Owner License ID: 01200900