180 Holly Ave

Highlights:

• Built ~1965 | AB-1482 Property
• Beachside & Garden-Style
• High Barrier of Entry Market
• Strong Upside & ADU Potential
• Great Unit Mix - Mostly 2-Beds
• Swimming Pool, Onsite Laundry
• Ample Parking: 19 Spots
• First Time on Market in 40 Years

Description:

180 Holly Avenue is a 19-unit garden-style community in Carpinteria—one of the most desirable and supply-constrained coastal markets along the Santa Barbara South Coast. Offered for the first time in nearly 40 years, this represents a rare opportunity to acquire a well-maintained coastal asset in an irreplaceable infill location with minimal turnover and high barriers to entry.

The two-story property is centered around a landscaped courtyard and pool on a half-acre lot. Units average ~800 square feet with one- and two-bedroom layouts, many featuring private patios or balconies with natural light, mountain views, and open-air living. Two units will be delivered fully furnished for short- or long-term rental flexibility, while three units plus the manager’s will be vacant—allowing immediate repositioning and approximately 18% rent upside through natural turnover and light renovation.

Select units qualify for rent increases totaling approximately $500 per month ($6,000 annually). These adjustments can be implemented during escrow, enabling the buyer to close with the higher income in place—translating to an estimated $60,000–$75,000 in added value and supporting stronger loan proceeds through increased NOI. The property’s PRD20 zoning and lot size also support potential ADU development, subject to Coastal Zone review, under the city’s ADU-friendly ordinances.

Located just half a block from Carpinteria State Beach (“The World’s Safest Beach”), residents enjoy walking access to parks, trails, downtown Linden Avenue’s boutique shops and restaurants, and proximity to the Amtrak station and nearby job centers.

With its resort-style character, low-vacancy submarket, and multiple paths for income growth and enhancement, 180 Holly Avenue offers investors a rare blend of stability, value-add potential, and long-term appreciation in one of California’s most tightly held coastal markets.