NOT LISTED FOR SALE

Estimated Value: $2,936,379

7 Beds
6 Baths
6,100 Sq Ft
$481/Sq Ft Est. Value

Sale Details

Date Sold: January 4, 2024

Last sale price $2,900,000 $475 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $18,135 / mo

76 Days on Market

Highlights

  • Mountain View
  • Balcony
  • Central Heating
  • Mediterranean Architecture
  • Laundry Room

About This Home

As of January 2024

Residential income property located in the California coastal town of sunny Carpinteria! SELLER FINANCING AVAILABLE! Enjoy the mixed use Mediterranean style building of 4 residential units consisting of (2/1, 2/1, 3/2 & studio) additionally one Commercial unit. Central location with off street parking. Upgraded interiors, in unit washer dryers, four single car garages. Separately metered for water, gas and electric. Large Commercial space boasting over 2,000 sqft with 10 uncovered parking spaces.

Last Agent to Sell the Property

Caitlin Benson

Goodwin & Thyne Properties License #01909605 Listed on: 03/23/2023

Last Buyer's Agent

John Thyne

Goodwin & Thyne Properties License #01356582

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2006

Lot Details

  • 9,583 Sq Ft Lot
  • Two or More Common Walls

Parking

  • 4 Car Garage
  • Parking Available
  • Side Facing Garage
  • Parking Lot

Home Design

  • Mediterranean Architecture
  • Property Attached
  • Slab Foundation
  • Tile Roof
  • Stucco

Interior Spaces

  • 6,100 Sq Ft Home
  • 2-Story Property
  • Mountain Views
  • Laundry Room

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 6 Bathrooms

Additional Features

  • Balcony
  • Suburban Location
  • Central Heating

Community Details

  • 5 Leased Units
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 5 Separate Water Meters
  • Electric Expense $400
  • Insurance Expense $2,000
  • Maintenance Expense $5,000
  • Trash Expense $3,672
  • New Taxes Expense $27,000
  • Operating Expense $38,072
  • Gross Income $184,800
  • Net Operating Income $146,728

Listing and Financial Details

  • Tenant pays for electricity, water, gas
  • Assessor Parcel Number 003242035

Property Details

Home Type

Multi-Family

Year Built

Built in 2006

Lot Details

9,583 Sq Ft Lot

Parking

4

Listing Details

  • Assessments: No
  • Property Attached: Yes
  • View: Yes
  • Zoning: C-2
  • Architectural Style: Mediterranean
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Parcel Number: 003242035
  • Year Built: 2006
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Balcony
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 500.00

Exterior Features

  • Foundation: Slab
  • View: Mountain(s)
  • Fence: No
  • Pool Private: No
  • Roof: Tile
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Garage Faces Side, Parking Space
  • Total Parking Spaces: 10.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Sewer: Public Sewer
  • Trash Expense: 3672.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 9583.00
  • Lot Size Acres: 0.2200

Rental Info

  • Tenant Pays: Electricity, Water, Gas

Multi Family

  • Average2 Bed Area: 950 Square Feet
  • Average3 Bed Area: 1437 Square Feet
  • Average Studio Area: 663 Square Feet
  • Electric Expense: 400.00
  • Gross Income: 184800.00
  • Gross Scheduled Income: 184800.00
  • Insurance Expense: 2000.00
  • Lot Size Area: 9583.0000 Square Feet
  • Maintenance Expense: 5000.00
  • Net Operating Income: 146728.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 5
  • Number Of Units Leased: 5
  • Operating Expense: 38072.00
  • Rent Control: No
  • Total Actual Rent: 15400.00
  • Total Expenses: 38072.00

Tax Info

  • New Taxes Expense: 27000.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 6, 2023
Sold by
4647 Carp Ave Llc
Bought by
4647 Carp Ave Llc
Current Estimated Value
$2,936,379

Purchase Details

Listed on
Nov 27, 2015
Closed on
Jul 20, 2016
Sold by
Corona Efrain
Bought by
Carp Property Llc
Seller's Agent
Bill Cordero
Filippini Wealth Management, Inc.
Buyer's Agent
Non Member Agent
Non Member Office
List Price
$2,295,000
Sold Price
$2,120,000
Premium/Discount to List
-$175,000
-7.63%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.40%
Original Mortgage
$1,000,000
Interest Rate
3.48%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 18, 2007
Sold by
Corona Efrain
Bought by
Corona Efrain

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$800,000
Interest Rate
6.36%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Nov 20, 2007
Sold by
Chamlee Daniel F and Chamlee Laurie L
Bought by
Corona Efrain

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$800,000
Interest Rate
6.36%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Mar 4, 1998
Sold by
Robertson Paul D and Robertson Anne C
Bought by
Chamlee Daniel F and Chamlee Laurie L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$178,000
Interest Rate
7.11%
Mortgage Type
Seller Take Back
Source: Public Records

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

Purchase History

Date Buyer Sale Price Title Company
4647 Carp Ave Llc $2,900,000 First American Title
Carp Property Llc $2,120,000 Fidelity National Title Co
Corona Efrain -- None Available
Corona Efrain -- Chicago Title Company
Chamlee Daniel F $180,000 Equity Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Carp Property Llc $1,000,000
Previous Owner Corona Efrain $800,000
Previous Owner Chamlee Daniel F $178,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/04/2024 01/04/24 Sold $2,900,000 0.0% $475 / Sq Ft
01/04/2024 01/04/24 Sold $2,900,000 -4.9% -- View Prior Sale
06/28/2023 06/28/23 Pending -- -- --
03/23/2023 03/23/23 For Sale $3,050,000 0.0% $500 / Sq Ft
03/22/2023 03/22/23 For Sale $3,050,000 0.0% --
03/17/2023 03/17/23 Pending -- -- --
03/10/2023 03/10/23 For Sale $3,050,000 0.0% --
03/02/2023 03/02/23 Pending -- -- --
02/13/2023 02/13/23 For Sale $3,050,000 0.0% --
06/28/2018 06/28/18 Rented $3,850 0.0% --
06/28/2018 06/28/18 Under Contract -- -- --
06/04/2018 06/04/18 For Rent $3,850 0.0% --
08/12/2016 08/12/16 Sold $2,120,000 -7.6% -- View Prior Sale
05/20/2016 05/20/16 Pending -- -- --
11/27/2015 11/27/15 For Sale $2,295,000 -- --
Source: Ventura County Regional Data Share

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 $29,507 $2,958,000 $1,020,000 $1,938,000
2023 $29,507 $2,364,896 $981,655 $1,383,241
2022 $28,249 $2,318,526 $962,407 $1,356,119
2021 $27,435 $2,273,066 $943,537 $1,329,529
2020 $26,997 $2,249,760 $933,863 $1,315,897
2019 $26,035 $2,205,648 $915,552 $1,290,096
2018 $25,579 $2,162,400 $897,600 $1,264,800
2017 $25,391 $2,120,000 $880,000 $1,240,000
2016 $26,839 $2,288,000 $636,000 $1,652,000
2014 $21,724 $1,890,000 $525,000 $1,365,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Ventura County Regional Data Share

MLS Number: V1-17258

Ventura County Regional Data Share

APN: 003-242-035

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