$2,185,000
SOLD OCT 1, 2024
-- Bed
-- Bath
-- Sq Ft
6,534 Sq Ft Lot

Recently Sold

11% Below List Price

190 Days on Market

Highlights

  • Property is near an ocean
  • Laundry Facilities
  • Partially Fenced Property
  • Property is near public transit

About This Home

As of October 2024

A rare find 5 unit property in beachside Carpinteria. This prime investment opportunity is just 2 blocks to downtown and is made up of four 2/1 units and one 3/1. Fully occupied, two story building has a fenced front courtyard, shared upstairs balcony with mountain views, onsite laundry and parking. The clean and well-kept complex provides substantial potential for increased rental income in a highly sought after area. Whether you're a seasoned investor or a future landlord, capitalize on the chance to own a piece of Carpinteria's thriving coastal community.

*Please do not go on property.

Last Agent to Sell the Property

Melissa Miller

Compass License #02024187

Compass

Last Buyer's Agent

Nick Henry

Beachside Partners License #01748131

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 6,534 Sq Ft Lot
  • Partially Fenced Property
  • Property is in good condition

Parking

  • 3 Open Parking Spaces
  • 3 Parking Spaces
  • 2 Carport Spaces

Location

  • Property is near public transit
  • Property is near shops
  • Property is near a bus stop

Schools

  • Canalino Elementary School
  • Carp. Jr. Middle School
  • Carp. Sr. High School

Additional Features

  • Property is near an ocean
  • Cooling System Mounted In Outer Wall Opening

Listing and Financial Details

  • The owner pays for trash collection, water, gas
  • Assessor Parcel Number 003-152-002

Community Details

Building Details

  • Operating Expense $59,179
  • Gross Income $166,536
  • Net Operating Income $107,357

Additional Features

  • 5 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1963
  • Income Expenses Annual Income: 166536.0
  • Capitalization Rate: 4.38
  • Gross Rent Multiplier: 14.71
  • Annual Expenses: 59179.0
  • Monthly Income: 13878.0
  • Meters Sep Meter Elec: Y
  • Meters Sep Meter Gas: No
  • Meters Sep Meter Wtr: N
  • ResoLaundryFeatures: Bldg
  • ResoLotFeatures: Near Public Transit
  • New Construction: No
  • Reso Property Condition: Good
  • Property Information Year Built2: 1963
  • Property Information Apx # Acres: 0.15
  • NeighborhoodSchools Elementary School: Canalino
  • NeighborhoodSchools Junior High School: Carp. Jr.
  • NeighborhoodSchools High School: Carp. Sr.
  • HeatingCooling Wall3: Yes
  • Parking Info Total # Carport Spaces2: 2.0
  • Parking Info Total # Unconvered Spaces: 3.0
  • Proximity Near Ocean2: Yes
  • Proximity Near Shopping2: Yes
  • Condition Good2: Yes
  • Proximity Near Bus: Yes
  • Amenities Fncd Prt: Yes
  • Laundry Bldg: Yes
  • IncomeExpenses NOI2: 107,357
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Acres: 0.15

Garage/Parking

  • Open Parking Spaces: 3.0

Schools

  • Elementary School: Canalino
  • High School: Carp. Sr.
  • Middle Or Junior School: Carp. Jr.

Lot Info

  • Parcel #: 003-152-002
  • Zoning: PRD
  • Lot Size Sq Ft: 6534.0
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Trash Collection, Water, Gas

Multi Family

  • Number Of Units Total: 5
  • Annual Gross Income: 166536.0
  • Annual Operating Expense: 59179.0
  • Total Actual Rent: 13878.0

Map

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/01/2024 10/01/24 Sold $2,185,000 0.0% --
08/29/2024 08/29/24 Pending -- -- --
07/23/2024 07/23/24 Off Market $2,185,000 -- --
07/06/2024 07/06/24 Pending -- -- --
07/02/2024 07/02/24 For Sale $2,450,000 0.0% --
06/17/2024 06/17/24 Pending -- -- --
04/16/2024 04/16/24 Price Changed $2,450,000 -7.5% --
02/20/2024 02/20/24 For Sale $2,650,000 +20.5% --
09/28/2020 09/28/20 Sold $2,200,000 0.0% --
09/24/2020 09/24/20 Pending -- -- --
08/24/2020 08/24/20 For Sale $2,200,000 +40.6% --
08/01/2014 08/01/14 Sold $1,565,000 -3.7% --
06/13/2014 06/13/14 Pending -- -- --
06/09/2014 06/09/14 For Sale $1,625,000 -- --
Source: Santa Barbara Multiple Listing Service

Source: Santa Barbara Multiple Listing Service

MLS Number: 24-525

Santa Barbara Multiple Listing Service