| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 74th | Fair |
| Demographics | 28th | Poor |
| Amenities | 55th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 6545 Trigo Rd, Goleta, CA, 93117, US |
| Region / Metro | Goleta |
| Year of Construction | 2013 |
| Units | 51 |
| Transaction Date | 2015-03-11 |
| Transaction Price | $38,500,000 |
| Buyer | Campus Acquisitions Holdings, LLC |
| Seller | Fields Holdings, LLC and Sperone One LP |
6545 Trigo Rd, Goleta CA Multifamily Investment
Renter demand is reinforced by a concentrated renter base and strong amenity access in the immediate neighborhood, according to WDSuite s CRE market data. This positioning can help stabilize leasing even as occupancy trends cycle across the Santa Barbara metro.
Located in an inner-suburb pocket of Goleta near UCSB, the neighborhood offers strong daily-life convenience: restaurant density is a local strength (competitive in the metro and top quartile nationally), with supportive cafe and grocery coverage. Parks are accessible, while childcare and pharmacy options are limited within the neighborhood boundaries. These dynamics tend to serve a younger renter profile and support day-to-day livability.
The property s 2013 vintage is materially newer than the neighborhood s typical 1970s stock. For investors, that generally implies a more competitive position against older product and potential for targeted upgrades instead of heavy near-term capital projects, while still planning for mid-life systems and common-area refresh over the hold.
Neighborhood-level metrics from WDSuite indicate a very high share of renter-occupied housing units among the highest in the metro and top percentile nationally which points to a deep tenant base for multifamily. By contrast, neighborhood occupancy trends track below the metro median and sit below the national middle, so underwriting should focus on leasing execution, unit mix fit, and renewal management to sustain performance.
Within a 3-mile radius, demographics skew heavily toward 18 34 residents with growing household counts and smaller average household sizes over time. This mix, together with elevated neighborhood-level asking rents versus national norms, suggests durable demand for well-located apartments and supports pricing power when units are positioned correctly.
Based on WDSuite s CRE market data, the neighborhood s safety profile sits around the middle of Santa Maria Santa Barbara s 94 neighborhoods and below the national median. Investors typically address this by emphasizing on-site management presence, lighting, and access controls to support resident retention and leasing velocity.
Proximity to defense and aerospace offices supports a renter base that values commute convenience and stable employment access. Nearby employers include:
- Lockheed Martin Corporation defense & aerospace offices (1.3 miles)
This 2013, 51-unit asset benefits from a neighborhood with one of the metro s highest renter-occupied housing shares and strong amenity access, supporting a broad tenant base and day-to-day livability. While neighborhood occupancy levels trend below the metro median, nearby household growth and a younger 3-mile demographic mix point to consistent demand for well-located rentals. Elevated local rent benchmarks versus national norms also support revenue potential, provided leasing strategy and unit positioning are aligned with the area s renter profile.
According to CRE market data from WDSuite, neighborhood NOI-per-unit benchmarks rank in the top percentile nationally, underscoring the potential for resilient income in well-managed assets. Investors should balance this with affordability pressure indicators and underwrite renewal cadence, marketing, and turn efficiency, leveraging the property s newer vintage to mitigate near-term capex while planning for mid-life system updates.
- Newer 2013 construction versus 1970s neighborhood stock supports competitive positioning and manageable near-term capex.
- Very high renter-occupied share signals a deep tenant base and supports leasing velocity and renewals.
- Strong dining, cafe, and grocery access enhances livability and pricing power for well-presented units.
- Top-percentile neighborhood NOI-per-unit benchmarks point to attractive income potential with disciplined operations.
- Risks: neighborhood occupancy trails metro median and affordability pressures warrant conservative underwriting and active lease management.