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250 Ash Avenue, CARPINTERIA, CA 93013

$2,900,000
Property Type: Res Inc Square Footage: 3,797 Status: Closed
Current Price: $2,900,000 List Date: 7/02/2025 Last Modified: 9/03/2025

Description

Exceptional 4 unit apartment building in arguably Carpinteria's best location!!! 2 blocks to direct beach access & adjacent to the pristine Salt Marsh open space allowing for the utmost in peace and harmony! This wonderful property features a possible owner's unit in front with a recent gorgeous remodel with a high end modern beachy vibe, plus an oversized patio & balcony with extraordinary panoramic mountain and nature preserve views! Upgrades include recessed lighting, beautiful new flooring, high end kitchen w/ stainless appliances, stylish bathrooms, & Mielle washer/dryer. The property is 100% occupied at 4.23 in place cap rate, w/ 2 units below mkt rents. 3 - 2 bdrm, 1.5 bath townhouse style units, and 1 - 1 bdrm, 1 bth upper unit. Rare offstreet parking w/ 6 covered spaces.

More Information MLS# 25-2557

Location Info

Country: US Compass Map: Carpinteria Map Grid: F7 Cross Street: 3rd District: 05 - CARPINTERIA-SUMMERLAND Street #: 250 Street Name: Ash Street Suffix: Avenue State: CA Postal Code: 93013 County: Santa Barbara Parcel Number: 003-463-011

Contract Info

Seller Consider Concessions: Yes Current Price: $2,900,000 Price: 2950000 Begin Date: 2025-07-02 Status: Closed

Property Information

Year Built: 1978 Stories: 2 Main House SqFt: 3797 Recurring Fees: No Number of Units: 4

Neighborhood/Schools

Elementary School: Canalino Junior High School: Carp. Jr. High School: Carp. Sr.

Owner Info

Deposit: 88500

Remarks

Hot Sheet Comment: new

Condition

Excellent: 1

Foundation

Slab: 1

Miscellaneous

Parking Spaces: 6 # Refrigerators: 4 # Stoves: 4

Proximity

Near Ocean: 1 Near Shopping: 1

Laundry

In Unit: 1 Laundry Room: 1

Amenities

Gas Stove: 1 Dishwasher: 1 Microwave: 1 Washer: 1 Dryer: 1 Refrigerator: 1 Fncd Prt: 1

Unit 1

# Units: 1 # Bedrooms: 2 # Baths: 2 # Half Baths: 1 Furnished: Y Rent: 4800 M/M: 1 Monthly Total: 4800

Income/Expenses

Total Monthly Income: 15363 Annual Income: 184356 Gross Rent Multiplr: 16.00 Capitalization Rate: 4.23 Estimated: 1 NOI: 124725

Heating

Wall: 1

Unit 2

# Units: 1 # Bedrooms: 2 # Baths: 2 # Half Baths: 1 Furnished: N Rent: 2365 M/M: 1 Monthly Total: 2365

Zoning

PRD: 1

Terms

Cash: 1 Conventional: 1

Listing Type

ER: 1

Unit 3

# Units: 2 # Bedrooms: 2 # Baths: 2 # Half Baths: 1 Furnished: N Rent: 4800 Lease: 1 Monthly Total: 4800

Unit 4

# Units: 1 # Bedrooms: 2 # Half Baths: 1 Furnished: N Rent: 2198 M/M: 1 Monthly Total: 2198

Meters

Sep Meter Elec: N Sep Meter Gas: No

Parking Info

Carport: 1 Cpt #6: 1

Flr/Wdw Coverings

Vinyl: 1

Owner Provides

Water: 1 Trash: 1

Status Information

Sold Date: 2025-08-29 Sold Price: $2,900,000 Under Contract Date: 2025-07-18

Property Features

Unit 1: M/M Unit 2: M/M Unit 3: Lease Unit 4: M/M Condition: Excellent Foundation: Slab Parking Info: Carport; Carport; Cpt #6 Proximity: Near Ocean; Near Shopping Laundry: In Unit; Laundry Room Amenities: Gas Stove; Dishwasher; Microwave; Washer; Dryer; Refrigerator; Fncd Prt Heating: Wall Owner Provides: Water; Trash Zoning: PRD Terms: Cash; Conventional Listing Type: ER
Listing Office: Berkshire Hathaway HomeServices California Properties
IDX
Last Updated: September - 03 - 2025
The data relating to real estate for sale on this web site comes from the Internet Data Exchange Program of the Santa Barbara Multiple Listing Service. Real estate listings held by brokerage firms other than the displaying broker(s) are marked with the 'MLS' logo and detailed information about them includes the name of the listing brokers. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor displaying broker shall be responsible for any typographical errors, misinformation, or misprints. 2015 Santa Barbara Multiple Listing Service. All rights reserved.

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