$5,495,000
$1M PRICE DROP

Estimated payment $34,628/month

Total Views 10,921
14 Beds
7 Baths
5,880 Sq Ft
$935 Price per Sq Ft

Highlights

  • Fishing
  • Furnished
  • No HOA
  • Wood Flooring
  • Granite Countertops
  • 1-minute walk to Carpinteria Salt Marsh Nature Park

About This Home

Welcome to your slice of paradise—where salt meets sea—in the heart of Carpinteria, California. This fully remodeled 7-unit income property offers the perfect blend of coastal charm and modern convenience. Located just half a block from the beach and moments from the newly developed Linden Square, you'll enjoy easy access to Carpinteria's newest restaurants, wine tasting rooms, breweries, and cozy fire pits. Directly across from a peaceful salt marsh nature preserve, this prime location offers it all—surf, sand, and scenic trails just outside your front door. Each of the seven units features 2 bedrooms and 1 bathroom, thoughtfully renovated and sold fully furnished.

All units are delivered vacant, ready for you to welcome vacation guests, secure long-term tenants, or enjoy a flexible mix of both.

This charming coastal town is beloved for its laid-back vibe, small-town charm, and stunning natural beauty. Often referred to as "the last true beach town" by New York Times and home to "the world's safest beach," Carpinteria offers something for everyonefrom kid-friendly parks to romantic shoreline views.

This is a rare opportunity to own a turnkey beachside retreat in one of California's most treasured seaside towns. Whether you're seeking an investment property, a vacation getaway, or a peaceful full-time residence, this offering combines location, lifestyle, and long-term value. Don't miss your chanceproperties like this rarely come available.

Listing Agent

Kevin Goodwin

Goodwin & Thyne Properties Brokerage Phone: 805-448-2200 License #01376204 Listed on: 06/30/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 7,405 Sq Ft Lot
  • Two or More Common Walls
  • Paved or Partially Paved Lot
  • Level Lot
  • Density is 6-10 Units/Acre

Parking

  • 7 Open Parking Spaces
  • 2 Car Garage
  • Attached Carport
  • Parking Available
  • Driveway
  • Assigned Parking

Home Design

  • Property Attached
  • Entry on the 3rd floor
  • Turnkey
  • Slab Foundation
  • Asphalt Roof
  • Partial Copper Plumbing
  • Stucco

Interior Spaces

  • 5,880 Sq Ft Home
  • 2-Story Property
  • Furnished
  • Ceiling Fan
  • Wood Flooring
  • Laundry Room
  • Property Views

Kitchen

  • Electric Oven
  • Built-In Range
  • Microwave
  • Dishwasher
  • ENERGY STAR Qualified Appliances
  • Granite Countertops

Bedrooms and Bathrooms

  • 14 Bedrooms
  • 7 Bathrooms

Utilities

  • Heating Available
  • Water Heater
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 9 / 44
  • Assessor Parcel Number 003463007
  • Seller Considering Concessions

Community Details

Overview

  • No Home Owners Association
  • 7 Units

Amenities

  • Laundry Facilities

Recreation

  • Fishing
  • Park
  • Water Sports
  • Bike Trail

Building Details

  • 7 Separate Electric Meters
  • 7 Separate Water Meters
  • Gardener Expense $540
  • Insurance Expense $7,339
  • Maintenance Expense $12,734
  • Professional Management Expense $48,000
  • Trash Expense $1,200
  • New Taxes Expense $65,000
  • Operating Expense $198,613
  • Gross Income $1,200
  • Net Operating Income $353,587

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • CapRate: 5.40
  • Professional Management Expense: 48000.00
  • Property Attached: Yes
  • Road Surface Type: Paved
  • View: Yes
  • Property Condition: Turnkey
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Gardener Expense: 540.00
  • Parcel Number: 003463007
  • Year Built: 1963
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Interior Amenities: Ceiling Fan(s), Copper Plumbing Partial, Furnished, Granite Counters
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Wood
  • Appliances: Yes
  • Entry Level: 3
  • Levels: Two
  • Price Per Square Foot: 934.52

Exterior Features

  • Foundation: Slab
  • Pool Private: No
  • Roof: Asphalt
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Assigned, Attached Carport, Driveway, Asphalt
  • Total Parking Spaces: 9.00
  • Uncovered Spaces: 7.00

Utilities

  • Utilities: Cable Connected, Electricity Available, Natural Gas Available, Sewer Available, Sewer Connected, Water Available, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Built-In Range, Dishwasher, Electric Oven, ENERGY STAR Qualified Appliances, Microwave, Refrigerator, Water Heater
  • Heating Type: Electric
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 1200.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Curbs, Fishing, Park, Watersports

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre, Level with Street, Paved
  • Lot Size Sq Ft: 7405.00
  • Lot Size Acres: 0.1700

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Average1 Bed Area: 840 Square Feet
  • Average2 Bed Area: 840 Square Feet
  • Average3 Bed Area: 4200 Square Feet
  • Gross Income: 1200.00
  • Gross Operating Income: 487200.00
  • Gross Scheduled Income: 487200.00
  • Insurance Expense: 7339.00
  • Laundry Income: 1200.00
  • Lot Size Area: 7405.0000 Square Feet
  • Maintenance Expense: 12734.00
  • Net Operating Income: 353587.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Water Meters: 7
  • Number Of Units Total: 7
  • Number With Dishwasher: 7
  • Number With Disposal: 7
  • Number With Range: 7
  • Number With Refrigerator: 7
  • Operating Expense: 198613.00
  • Rent Control: No
  • Total Expenses: 198613.00

Tax Info

  • New Taxes Expense: 65000.00
  • Tax Block: 44
  • Tax Census Tract: 16.04
  • Tax Lot: 9

Map

Range of Values:

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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
09/29/2025 09/29/25 Price Changed $5,495,000 -6.9% $935 / Sq Ft
07/31/2025 07/31/25 Price Changed $5,900,000 -9.2% $1,003 / Sq Ft
06/30/2025 06/30/25 For Sale $6,500,000 +97.0% $1,105 / Sq Ft
05/19/2021 05/19/21 Sold $3,300,000 -1.5% --
04/27/2021 04/27/21 Pending -- -- --
04/27/2021 04/27/21 For Sale $3,350,000 -- --
Source: California Regional Multiple Listing Service (CRMLS)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SC25140814

California Regional Multiple Listing Service (CRMLS)