The asset
DCP La Cumbre is a value-add multifamily asset in a walkable Santa Barbara rental neighborhood. Acquired as a 17-unit community, then completely rebuilt with four new units for 21 total. Tenants enjoy large layouts, 1G wifi, in-unit washers/dryers, ample parking, and a community courtyard with mature landscaping, bike storage, and barbecue. Currently held in the DCP portfolio.
Business plan
Continue forcing appreciation through annual rent increases and renovating units as they turn. Work is executed with in-house design, construction, and property management.
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