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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.

Highlights

  • Residential Income
  • Built in 2016
  • 0.46 Acre Lot
  • 166 days on Market

  • Year Built
    2016

  • Acres
    0.46

  • Area
    05 - CARPINTERIA-SUMMERLAND
  • County
    Santa Barbara
  • City
    Carpinteria
  • Zip Code
    93013
  • High School
    Carp. Sr.
  • Middle School
    Carp. Jr.
  • Elementary School
    See Remarks

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Frequently Asked Questions

How do I schedule a tour of 5615 Carpinteria Ave?

We can make that happen quickly. Click Tour This Home and we'll connect you directly with our vetted local partner to schedule your visit to 5615 Carpinteria Ave.

They know residential incomes in the area well and can give you the guidance you need to buy with confidence.

How do I get more information about 5615 Carpinteria Ave?

Click Ask a Question to talk with our team. You already know it is a N/A bed, N/A bath, listed for $6,515,000. We can talk through recent upgrades, potential seller motivation, how this residential income compares to others in Carpinteria, and can even get you in to see the property quickly.

How much is the monthly mortgage payment for 5615 Carpinteria Ave?

With a 20% down payment and a 30-year fixed loan at an illustrative 7.25% rate, the ez Mortgage Calculator estimates the monthly payment for 5615 Carpinteria Ave at around $37,075. This includes estimated property taxes and insurance.

Want to see how this changes with different down payments or interest rates? Jump to the calculator to run the numbers and fine-tune your plan.

How do I get pre-approved to buy 5615 Carpinteria Ave?

Stand out in a competitive market by getting pre-approved today. Our quick and private pre-approval process helps you understand your true buying power—no credit pull required to explore all of your options.

Or, let us connect you with our preferred local lender in Santa Barbara County. They will give you all of your available financing options, based on your specific situation and what is available to you.

Can I negotiate the asking price for 5615 Carpinteria Ave?

In most cases, yes. Whether 5615 Carpinteria Ave is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in Carpinteria's market. Our preferred local partner will help you craft a strategy—factoring in comparable properties that have sold, timing, and deal structure—to make a smart, strong offer. Click here to ask about negotiation opportunities.

How do I make an offer on 5615 Carpinteria Ave?

We can handle that for you. Our preferred local agent specializes in residential incomes in Carpinteria and can guide you through every step of the offer process.

You need an expert who is looking out for your best interests. From market valuation to contingencies and timing, they'll help you present a compelling offer that fits your goals. Click Ask a Question to get started today.

How long has this property been on the market?

5615 Carpinteria Ave was listed on June 01, 2026, which means it's been on the market for 166 days.

Want to keep tabs on it? Click the ♥ to favorite this home and get notified of price drops or changes.

When was this house built?

This home was built in 2016, making it approximately 10 years old.

What is the lot size of this property?

5615 Carpinteria Ave sits on a 0.46-acre lot, which is 20,038 square feet.

What schools are assigned to this property?

Based on MLS info, this home is zoned for:

  • Elementary: See Remarks
  • Middle: Carp. Jr.
  • High: Carp. Sr.

Want to see how these schools compare? Check out our Santa Barbara County School Guide to see ratings, reviews, and more for the schools in the area.

Is 5615 Carpinteria Ave still available for sale?

Yes, this home is still available! Click the ♥ to favorite it so you don't miss any changes—or ask our local expert to schedule a time to see it in person.

Source: ez Home Search, MLS Data

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The data relating to real estate for sale on this website comes in part from the Internet Data Exchange of the Santa Barbara Association of REALTORS®. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable, but is not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Berkshire Hathaway HomeServices California Properties shall be responsible for any typographical errors, misinformation, or misprints. Information deemed reliable but not guaranteed. Copyright © 2026 Santa Barbara Multiple Listing Service. All Rights Reserved.

Last Updated: November 14, 2026 at 05:23AM | Source: Santa Barbara Multiple Listing Service | MLS#: 26-1818