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$ 2,050,000
Est. payment /mo
New
5387 8th Street Carpinteria, CA 93013
2 Beds
4 Baths
6,098 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID V1-36223
Bedrooms 2
Lot Size 6,098 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
5387 8th Street presents a rare opportunity to acquire a centrally located Carpinteria fourplex. The property consists of (2) 1BD/1BA units and (2) studio units with a pay-per-use laundry room, carport parking accessed via a rear alley, and a detached single-car garage. Unit C, the largest one-bedroom unit, will be delivered vacant, offering an owner-occupant the flexibility to utilize the unit as a primary residence or vacation retreat while benefiting from a consistent stream of supplemental rental income, or re-tenanting in a high-demand rental market. Unit D, a studio, is scheduled to be delivered vacant on July 1, 2026. Additionally, the garage and carport areas may present potential for ADU conversion, subject to city review and approvals.The site has benefited from several recent capital improvements, including the installation of foundation retrofit plates for enhanced seismic stability in 2025, as well as a new electrical main panel and sub panel in the garage, a gas meter, and two tankless water heaters installed in 2021. Select units have been updated within the past five years with new wall heaters, vinyl plank flooring, and interior finishes.Don't miss this compelling opportunity to acquire a well-located, income-producing asset in the supply constrained coastal market of Carpinteria.
Location
State CA
County Santa Barbara
Zoning Assessor
Direction Head South on Palm Ave. Turn left onto 8th St.
Interior
Heating Combination Heating
Fireplace No
Exterior
View Y/N No
Others
Senior Community No
Tax ID 003331005
Acceptable Financing Cash, Conventional, Exchange
Listing Terms Cash, Conventional, Exchange
Listed by Jason Liehr, DRE#02152826 Beachside Partners
NEARBY SCHOOL & BUSINESS