NOT LISTED FOR SALE

1045-1049 Elm Ln Carpinteria, CA 93013

Old Town Carpinteria Neighborhood
-- Bed
-- Bath
-- Sq Ft
-- Built

Last Sold March 21, 2018

Last sale price $5,600,000

114 Days on Market

About This Home

As of March 2018

Rarely does an asset come available on the South Coast that offers a full package: an A+ location, quality units with a good mix, and long-term stability. This pride-of-ownership property in coastal Carpinteria consists of 18 units on three separate parcels in three separate buildings — one duplex and two eight-unit buildings. Just a block from Linden Avenue in the
center of downtown Carpinteria, this prized asset is near restaurants, shops, tasting rooms, parks, beaches and the other amenities that make Carpinteria one of California’s best beach towns. The units at Elm Lane have been updated with granite countertops, new cabinetry, dual pane windows, tile and wood floors, appliances, and finishes. This is one of the best rental properties that Carpinteria has to offer.

Last Agent to Sell the Property

Francois DeJohn

Hayes Commercial Group License #01144570 Listed on: 11/21/2017

Co-Listed By

Christos Celmayster

Hayes Commercial Group License #01342996

Last Buyer's Agent

Christos Celmayster

Hayes Commercial Group License #01342996

Property Details

Home Type

  • Multi-Family

Parking

  • 20 Parking Spaces

Schools

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

Listing and Financial Details

  • Assessor Parcel Number 003-152-023

Community Details

Overview

  • 18 Units

Building Details

  • Operating Expense $157,761
  • Gross Income $421,721
  • Net Operating Income $255,526

Property Details

Home Type

Multi-Family

Lot Details

0

Listing Details

  • Prop. Type: ResidentialIncome
  • Income Expenses Annual Income: 421721.0
  • Capitalization Rate: 4.41
  • Gross Rent Multiplier: 13.74
  • Annual Expenses: 157761.0
  • Monthly Income: 32500.0
  • Miscellaneous Parking Spaces: 20.0
  • Co List Office Mls Id: bhc
  • Co List Office Phone: 805-563-2111
  • NeighborhoodSchools Elementary School: Main
  • NeighborhoodSchools Junior High School: Carp. Jr.
  • NeighborhoodSchools High School: Carp. Sr.
  • Income Expenses Actual: Yes
  • IncomeExpenses NOI2: 255,526
  • Special Features: None
  • Property Sub Type: MultiFamily

Garage/Parking

  • Total Parking Spaces: 20.0

Schools

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

Lot Info

  • Parcel #: 003-152-023
  • Zoning: Other

Multi Family

  • Number Of Units Total: 18
  • Annual Gross Income: 421721.0
  • Annual Operating Expense: 157761.0
  • Total Actual Rent: 32500.0

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
03/21/2018 03/21/18 Sold $5,600,000 -3.4% --
02/23/2018 02/23/18 Pending -- -- --
11/01/2017 11/01/17 For Sale $5,795,000 -- --
Source: Santa Barbara Multiple Listing Service

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Francois DeJohn

    Seller's Agent in 2018

    Francois DeJohn

    Hayes Commercial Group

    (805) 895-1694

    76 Total Sales

    Francois DeJohn
    Section Image
  • Christos Celmayster

    Seller Co-Listing Agent in 2018

    Christos Celmayster

    Hayes Commercial Group

    (805) 563-2111

    1 in this area

    86 Total Sales

    Christos Celmayster
    Section Image
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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 17-3649

Santa Barbara Multiple Listing Service
California Santa Barbara County Carpinteria 93013 Old Town Carpinteria

1045-1049 Elm Ln, Carpinteria, CA

This home is located at 1045-1049 Elm Ln, Carpinteria, CA 93013 since 21 November 2017. 1045-1049 Elm Ln is a home located in Santa Barbara County with nearby schools including Carpinteria Senior High School, The Howard School, and Cate School.

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