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Matt O'Brien

matt@homecrave.com +1(619) 302-3010

$ 1,997,000

Est. payment | -/mo

2 Beds

4 Baths

6,098 Sqft Lot

Save

$ 1,997,000

Est. payment | -/mo

Save

2 Beds

4 Baths

6,098 Sqft Lot

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 with two vacant units that is just a few walkable blocks from the ''World's Safest Beach'' and approximately 0.5 mi from Linden Avenue's vibrant retail and dining corridor. 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, and Unit D a studio - both vacant - offer immediate opportunity to lease up units at market rate or an owner-occupant to utilize this vacant one-bedroom unit as a residence or vacation retreat. Additionally, the garage and carport areas may present potential for ADU conversion, subject to city review and approvalThe 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

+1(619) 302-3010

matt@homecrave.com

San Diego, CA 92124

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5387 8th Street Carpinteria, CA 93013