$2,900,000
SOLD AUG 29, 2025
-- Bed
-- Bath
3,797 Sq Ft
1978 Built

Recently Sold

$764 Per Sq Ft

2% Below List Price

16 Days on Market

Highlights

  • Property is near an ocean
  • Laundry Room
  • Property is in excellent condition
  • Furnished
  • Property is near shops
  • 1-minute walk to Carpinteria Salt Marsh Nature Park

About This Home

As of August 2025

Exceptional 4 unit apartment building in arguably Carpinteria's best location!!!
2 blocks to direct beach access & adjacent to the pristine Salt Marsh open space allowing for the utmost in peace and harmony! This wonderful property features a possible owner's unit in front with a recent gorgeous remodel with a high end modern beachy vibe, plus an oversized patio & balcony with extraordinary panoramic mountain and nature preserve views! Upgrades include recessed lighting, beautiful new flooring, high end kitchen w/ stainless appliances, stylish bathrooms, & Mielle washer/dryer.
The property is 100% occupied at 4.23 in place cap rate, w/ 2 units below mkt rents. 3 - 2 bdrm, 1.5 bath townhouse style units, and 1 - 1 bdrm, 1 bth upper unit. Rare offstreet parking w/ 6 covered spaces.

Last Agent to Sell the Property

Mitch Stark

Berkshire Hathaway HomeServices California Properties License #01196532 Listed on: 07/02/2025

Berkshire Hathaway HomeServices California Properties

Co-Listed By

Teddy Muller

Village Properties License #02160267

Last Buyer's Agent

Teddy Muller

Village Properties License #02160267

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1978

Lot Details

  • Partially Fenced Property
  • Property is in excellent condition

Home Design

  • Slab Foundation

Interior Spaces

  • 3,797 Sq Ft Home
  • 2-Story Property
  • Furnished
  • Vinyl Flooring

Kitchen

  • Stove
  • Microwave
  • Dishwasher

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 6 Parking Spaces
  • Carport

Schools

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

Additional Features

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

Listing and Financial Details

  • The owner pays for trash collection, water
  • Assessor Parcel Number 003-463-011
  • Seller Considering Concessions

Community Details

Overview

  • 4 Units

Building Details

  • Gross Income $184,356
  • Net Operating Income $124,725

Property Details

Home Type

Multi-Family

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1978
  • Income Expenses Annual Income: 184356.0
  • Capitalization Rate: 4.23
  • Gross Rent Multiplier: 16.00
  • Monthly Income: 15363.0
  • Meters Sep Meter Elec: N
  • Meters Sep Meter Gas: No
  • Miscellaneous Parking Spaces: 6.0
  • Building Stories: 2
  • ResoLaundryFeatures: Laundry Room, In Unit
  • Co List Office Mls Id: vip
  • Co List Office Phone: 805-969-8900
  • Carport Y N: Yes
  • Reso Flooring: Vinyl
  • New Construction: No
  • Reso Property Condition: Excellent
  • Property Information Year Built2: 1978
  • NeighborhoodSchools Elementary School: Canalino
  • NeighborhoodSchools Junior High School: Carp. Jr.
  • NeighborhoodSchools High School: Carp. Sr.
  • Condo:Laundry in Unit: Yes
  • HeatingCooling Wall3: Yes
  • Parking Info Carport2: Yes
  • Condition Excellent: Yes
  • Foundation:Slab: Yes
  • Proximity Near Ocean2: Yes
  • Laundry Laundry Room2: Yes
  • Property Information Main House SqFt: 3797.0
  • Proximity Near Shopping2: Yes
  • General Property Information Stories2: 2.0
  • Amenities Gas Stove2: Yes
  • Amenities Dishwasher2: Yes
  • Amenities Microwave2: Yes
  • Amenities Washer2: Yes
  • Amenities Dryer2: Yes
  • FlrWdw Coverings Vinyl2: Yes
  • Amenities Fncd Prt: Yes
  • IncomeExpenses NOI2: 124725
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Exterior Features

  • Foundation Details: Slab

Garage/Parking

  • Parking Features: Carport, Cpt #6
  • Total Parking Spaces: 6.0
  • Parking Info Cpt #63: Yes

Schools

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

Lot Info

  • Parcel #: 003-463-011
  • Zoning: PRD

Rental Info

  • Owner Pays: Trash Collection, Water

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 184356.0
  • Total Actual Rent: 15363.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 2, 2025
Closed on
Aug 25, 2025
Sold by
Perera Laxman and Miyata Keiko
Bought by
Jam Ash Avenue Realty Llc
Seller's Agent
Mitch Stark
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Teddy Muller
Village Properties
List Price
$2,950,000
Sold Price
$2,900,000
Premium/Discount to List
-$50,000
-1.69%
Views
25
Current Estimated Value
$2,844,381

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$55,619
Avg. Annual Appreciation
-4.61%
Original Mortgage
$2,900,000
Outstanding Balance
$2,900,000
Interest Rate
6.75%
Mortgage Type
New Conventional
Estimated Equity
-$55,619

Purchase Details

Listed on
Jan 26, 2023
Closed on
Mar 1, 2023
Sold by
Gene Sloan Hall and Keyko Tsuchiya
Bought by
Perera Laxman and Miyata Keiko
Seller's Agent
Karina Matic
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Mitch Stark
RE/MAX Santa Barbara
List Price
$2,400,000
Sold Price
$2,500,000
Premium/Discount to List
$100,000
4.17%
Views
15

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.22%
Original Mortgage
$1,750,000
Interest Rate
7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 20, 2016
Sold by
Hall Keyko Tsuchiya
Bought by
Delgado Carlos A and Delgado Cynthia T

Purchase Details

Closed on
Feb 25, 2015
Sold by
Delgado Cynthia Tama
Bought by
Delgado Carlos A and Delgado Cynthia T

Purchase Details

Closed on
Dec 19, 2011
Sold by
Delgado Cynthia Tama
Bought by
Delgado Carlos Antonio and Delgado Cynthia Tama

Purchase Details

Closed on
Mar 31, 2011
Sold by
Hall Keyko Tsuchiya
Bought by
Delgado Cynthia Tama

Purchase Details

Closed on
Mar 17, 1999
Sold by
Hall Keyko T
Bought by
Hall Keyko Tsuchiya

Purchase Details

Closed on
Sep 21, 1998
Sold by
Hall Keyko T & Gene Family 10-16-85 and Tsuchiya Keyko
Bought by
Hall Keyko Tsuchiya

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$153,000
Interest Rate
6.63%

Purchase Details

Closed on
Feb 27, 1997
Sold by
Hall Keyko T
Bought by
Hall Keyko Tsuchiya

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
7.86%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

Purchase History

Date Type Sale Price Title Company
Grant Deed $2,900,000 Fidelity National Title Compan
Grant Deed $2,500,000 Chicago Title
Quit Claim Deed -- None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Quit Claim Deed -- None Available
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- Fidelity National Title Co
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- Stewart Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $2,900,000 New Conventional
Previous Owner $1,750,000 New Conventional
Previous Owner $153,000 No Value Available
Previous Owner $150,000 No Value Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/29/2025 08/29/25 Sold $2,900,000 -1.7% $764 / Sq Ft
07/18/2025 07/18/25 Pending -- -- --
07/02/2025 07/02/25 For Sale $2,950,000 +18.0% $777 / Sq Ft
03/16/2023 03/16/23 Sold $2,500,000 +4.2% -- View Prior Sale
01/26/2023 01/26/23 Pending -- -- --
01/26/2023 01/26/23 For Sale $2,400,000 -- --
Source: Santa Barbara Multiple Listing Service

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 $30,026 $2,601,000 $1,040,400 $1,560,600
2023 $30,026 $2,366,375 $939,729 $1,426,646
2022 $7,128 $374,780 $43,958 $330,822
2021 $6,940 $367,433 $43,097 $324,336
2020 $6,788 $363,667 $42,656 $321,011
2019 $6,604 $356,537 $41,820 $314,717
2018 $6,440 $349,547 $41,000 $308,547
2017 $6,275 $342,695 $40,197 $302,498
2016 $6,167 $335,976 $39,409 $296,567
2014 $5,809 $324,449 $38,058 $286,391
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 25-2557

Santa Barbara Multiple Listing Service

APN: 003-463-011