NOT LISTED FOR SALE

1049 Elm Ln Carpinteria, CA 93013

Old Town Carpinteria Neighborhood
25 Beds
-- Bath
-- Sq Ft
0.55 Acres

Last Sold March 22, 2018

Last sale price $5,600,000

50 Days on Market

About This Home

As of March 2018

Rarely does an asset come available on the South Coast that offers the 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 separateparcels 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 nearrestaurants, shops, tasting rooms, parks, beaches and the other amenities that make Carpinteria one of Californias best beach towns. The units at Elm Lane have been updated withgranite 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

Christos Celmayster

Hayes Commerical Corp License #01342996 Listed on: 01/10/2018

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $71,880

Lot Details

  • 0.55 Acre Lot

Parking

  • 20 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 25 Bedrooms
  • 2-Story Property

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, trash collection, water
  • Assessor Parcel Number 003152023

Community Details

Overview

  • 18 Units

Building Details

  • 18 Leased Units
  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Net Operating Income $259,757

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$71,880

Lot Details

0

Parking

20

Listing Details

  • CapRate: 4.48
  • Property Attached: Yes
  • Zoning: PRD -18 & 13
  • Property Type: Residential Income
  • Parcel Number: 003152023
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Total Bedrooms: 25

Garage/Parking

  • Garage Spaces: 20.00
  • Total Parking Spaces: 20.00

Lot Info

  • Lot Size Sq Ft: 23958.00
  • Lot Size Acres: 0.5500

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Trash Collection, Water

Multi Family

  • Average1 Bed Area: 500
  • Average2 Bed Area: 650
  • Average3 Bed Area: 1000
  • Lot Size Area: 23958.0000 Square Feet
  • Net Operating Income: 259757.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 18
  • Number Of Units Total: 18
  • Vacancy Allowance Rate: 2.00

Tax Info

  • Tax Annual Amount: 71880.00

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 List to Sale Price per Sq Ft
03/22/2018 03/22/18 Sold $5,600,000 -3.4% --
03/01/2018 03/01/18 Pending -- -- --
01/10/2018 01/10/18 For Sale $5,795,000 -- --
Source: Ventura County Regional Data Share

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $29,773 $2,241,517 $853,369 $1,388,148
2023 $29,773 $2,154,479 $820,233 $1,334,246
2022 $28,413 $2,112,235 $804,150 $1,308,085
2021 $27,751 $2,070,820 $788,383 $1,282,437
2020 $27,309 $2,049,588 $780,300 $1,269,288
2019 $26,669 $2,009,400 $765,000 $1,244,400
2018 $23,798 $1,749,335 $910,376 $838,959
2017 $23,279 $1,715,114 $892,526 $822,588
2016 $22,876 $1,681,564 $875,026 $806,538
2014 $21,406 $1,624,000 $845,000 $779,000
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2018

    Christos Celmayster

    Hayes Commerical Corp

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Map

Source: Ventura County Regional Data Share

MLS Number: 218000326

Ventura County Regional Data Share
California Santa Barbara County Carpinteria 93013 Old Town Carpinteria

1049 Elm Ln, Carpinteria, CA

Not Listed for Sale

MultiFamily

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