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admin@lifetimerealtygroup.com +1(714) 728-6564

$1,997,000

Est. payment - /mo

6,098 Sqft Lot

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Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

MLS Listing ID V1-36223

HOA Y/N No

Year Built 1930

Lot Size 6,098 Sqft

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

Area Cpta - Carpinteria

Interior

Heating Combination, Electric, Wall Furnace

Cooling None

Fireplaces Type None

Fireplace No

Appliance Gas Range, Refrigerator, Water Heater

Laundry Laundry Room

Exterior

Parking Features Detached Carport, Garage

Garage Spaces 1.0

Carport Spaces 6

Garage Description 1.0

Fence Masonry, Wood

Pool None

Community Features Biking, Curbs, Mountainous, Park, Sidewalks, Water Sports

View Y/N No

View None

Total Parking Spaces 7

Private Pool No

Building

Lot Description Sprinklers None

Story One

Entry Level One

Level or Stories One

Others

Senior Community No

Tax ID 003331005

Energy Description 183.0

Acceptable Financing Cash, Conventional, 1031 Exchange

Listing Terms Cash, Conventional, 1031 Exchange

Special Listing Condition Standard

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Listed by Jason Liehr Beachside Partners (805) 406-6463, DRE #02152826

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Lifetime Realty

+1(714) 728-6564

admin@lifetimerealtygroup.com

5387 8th ST Carpinteria, CA 93013

Lifetime Realty

Key Details

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Interior

Exterior

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5387 8th ST

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