MBK Rental Living has completed Azure, a 318-unit property that marks its first luxury lifestyle apartment community in Santa Barbara County, Calif.
Located on 14.5 acres at 703 E. Meehan St. in Santa Maria, Calif., Azure offers studio, one-, two- and three-bedroom apartments ranging in size from 406 square feet to 1,211 square feet. The units have open floor plans with vaulted ceilings, wood-style flooring, wall-controlled ceiling fans, gas ranges, stainless steel appliances and quartz countertops. The apartments also feature technology-ready pre-wired spaces, closets with built-in shelves and covered patios with storage rooms.
Community amenities include a farmhouse-style clubhouse with an entertainment kitchen, two resort-style pools surrounded by covered cabanas and fire pits, two spas, an outdoor ping pong table, horseshoe pit, traditional grills and Santa Maria-style barbeque grills, fitness center, futsal sports court, bocce ball court, two playgrounds, dog park, pet spa and business center.
The property is surrounded by nearby shopping options, including the new Enos Ranch shopping center, Costco, Lowe’s, Best Buy, Kohl’s, Target, Trader Joe’s, Walmart and Office Depot. Residents will also be near several dining spots including In-N-Out Burger and Buffalo Wild Wings. The site has quick access to U.S. Route 101 leading to Santa Barbara, San Luis Obispo, Solvang, Los Olivos, Los Padres National Forest and nearby beaches.
Craig Jones, MBK Rental Living president, said in a prepared statement the new property offers many lifestyle comforts, including options for roomy interiors for working from home and extensive, amenity-rich outdoor space. He noted Azure is providing new apartments to a market that is growing but lacking move-up rental space. Santa Maria has grown about 40.1 percent over nearly 20 years, surpassing Santa Barbara as the county’s largest city, according to the California Department of Finance and U.S. Census Bureau.
More MBK Moves
In August, the Irvine, Calif.,-based company completed Mitchell Place, a rental property with 79 apartments and 152 townhomes in Murrieta, Calif., a Riverside County city about 80 miles east of Los Angeles. Last month, MBK Rental Living sold the property to MG Properties Group for $78.3 million. The sale was one of the largest multifamily transactions in the Inland Empire this year.