| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 74th | Fair |
| Demographics | 28th | Poor |
| Amenities | 55th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 6533 Trigo Rd, Goleta, CA, 93117, US |
| Region / Metro | Goleta |
| Year of Construction | 2012 |
| Units | 48 |
| Transaction Date | 2013-10-01 |
| Transaction Price | $29,250,000 |
| Buyer | HSRE |
| Seller | D3 PARTNERS LLC |
6533 Trigo Rd, Goleta CA Multifamily Investment
Built in 2012 with 48 units, this newer asset competes well against older neighborhood stock while tapping a deep renter base; neighborhood metrics are for the area, not the property, according to WDSuite’s CRE market data.
Goleta’s inner-suburb location offers daily-life convenience and steady renter appeal. Neighborhood amenities index competitively within the Santa Maria–Santa Barbara metro: restaurants rank among the top quartile of the 94 metro neighborhoods, cafes also place top quartile, and grocery access is competitive among metro peers. Parks coverage is similarly competitive, while childcare and pharmacy options are limited, which may skew the renter profile toward students and young professionals. All amenity and livability statistics reflect the neighborhood, not the property.
The property’s 2012 construction is newer than the neighborhood’s average vintage (1977), supporting relative competitiveness on finishes and systems versus older stock. Investors should still plan for mid-life systems and common-area upgrades as part of long-term capital planning.
Neighborhood rents sit well above national norms, and the area shows a high share of renter-occupied housing units, indicating a large tenant pool and durable multifamily demand. However, the neighborhood’s occupancy is lower than many metro peers, suggesting attention to leasing execution and renewal management will matter for stability. These are neighborhood-level indicators and may not reflect this property’s current performance.
Within a 3-mile radius, demographics skew toward young adults, with households increasing over the past five years and projected to rise further as average household size declines. This pattern supports renter pool expansion and can aid lease-up velocity and absorption, based on commercial real estate analysis from WDSuite.
Neighborhood safety levels sit around the metro middle among 94 neighborhoods in the Santa Maria–Santa Barbara area and below safer national percentiles. Recent year-over-year trends indicate modest increases in both property and violent offense rates. These are comparative neighborhood indicators designed to inform risk assessment rather than block-level conditions.
- Lockheed Martin Corporation — aerospace offices (1.3 miles)
6533 Trigo Rd offers a 48-unit, 2012-vintage profile in a renter-heavy Goleta neighborhood, positioning it competitively against older local inventory. Neighborhood rents trend well above national norms, and a large base of renter-occupied units supports demand depth and renewal prospects. Within a 3-mile radius, household counts have risen and are projected to grow further as average household size declines, which typically broadens the tenant base and supports occupancy stability, according to CRE market data from WDSuite.
Key watchpoints include neighborhood-level occupancy that trails many metro peers and affordability pressure typical of high-rent coastal markets. Active lease management, targeted unit upgrades, and attention to retention should help maintain performance while capturing rent premiums relative to older stock.
- 2012 construction competes well versus older neighborhood stock with mid-life systems planning in view.
- Renter-heavy neighborhood supports deep tenant demand and renewal potential.
- Household growth within 3 miles and smaller household sizes expand the renter pool and aid lease stability.
- Elevated neighborhood rents provide pricing power relative to older assets, subject to affordability management.
- Risk: Neighborhood occupancy ranks below many metro peers, requiring focused leasing and retention strategies.