The asset
DCP La Cumbre was a significant value-add play in a premier walkable Santa Barbara rental neighborhood. Acquired as a 17-unit apartment community, the property was completely rebuilt — including the addition of four new units — to reach 21 units 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 optimization and renovating units as they turn — executed with in-house design, construction, and property management.
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