NOT LISTED FOR SALE
-- Bed
-- Bath
-- Sq Ft
6,534 Sq Ft Lot Lot

Sale Details

Date Sold: October 1, 2024

Last sale price $2,185,000

190 Days on Market

Highlights

  • Property is near an ocean
  • Laundry Facilities
  • Partially Fenced Property
  • Property is near public transit, shops, and bus stop

About This Home

As of October 2024

A rare find 5 unit property in beachside Carpinteria. This prime investment opportunity is just 2 blocks to downtown and is made up of four 2/1 units and one 3/1. Fully occupied, two story building has a fenced front courtyard, shared upstairs balcony with mountain views, onsite laundry and parking. The clean and well-kept complex provides substantial potential for increased rental income in a highly sought after area. Whether you're a seasoned investor or a future landlord, capitalize on the chance to own a piece of Carpinteria's thriving coastal community.

*Please do not go on property.

Last Agent to Sell the Property

Melissa Miller

Compass License #02024187 Listed on: 09/02/2024

Compass

Last Buyer's Agent

Nick Henry

Beachside Partners License #01748131

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 6,534 Sq Ft Lot
  • Partially Fenced Property
  • Property is in good condition

Parking

  • 3 Open Parking Spaces
  • 3 Parking Spaces
  • 2 Carport Spaces

Schools

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

Additional Features

  • Property is near an ocean
  • Property is near public transit, shops, and bus stop
  • Cooling System Mounted In Outer Wall Opening

Listing and Financial Details

  • The owner pays for trash collection, water, gas
  • Assessor Parcel Number 003-152-002

Community Details

Building Details

  • Operating Expense $59,179
  • Gross Income $166,536
  • Net Operating Income $107,357

Additional Features

  • 5 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

6,534 Sq Ft Lot

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1963
  • Income Expenses Annual Income: 166536.0
  • Capitalization Rate: 4.38
  • Gross Rent Multiplier: 14.71
  • Annual Expenses: 59179.0
  • Monthly Income: 13878.0
  • Meters Sep Meter Elec: Y
  • Meters Sep Meter Gas: No
  • Meters Sep Meter Wtr: N
  • ResoLaundryFeatures: Bldg
  • ResoLotFeatures: Near Public Transit
  • New Construction: No
  • Reso Property Condition: Good
  • Property Information Year Built2: 1963
  • Property Information Apx # Acres: 0.15
  • NeighborhoodSchools Elementary School: Canalino
  • NeighborhoodSchools Junior High School: Carp. Jr.
  • NeighborhoodSchools High School: Carp. Sr.
  • HeatingCooling Wall3: Yes
  • Parking Info Total # Carport Spaces2: 2.0
  • Parking Info Total # Unconvered Spaces: 3.0
  • Proximity Near Ocean2: Yes
  • Proximity Near Shopping2: Yes
  • Condition Good2: Yes
  • Proximity Near Bus: Yes
  • Amenities Fncd Prt: Yes
  • Laundry Bldg: Yes
  • IncomeExpenses NOI2: 107,357
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Acres: 0.15

Garage/Parking

  • Open Parking Spaces: 3.0

Schools

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

Lot Info

  • Parcel #: 003-152-002
  • Zoning: PRD
  • Lot Size Sq Ft: 6534.0
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Trash Collection, Water, Gas

Multi Family

  • Number Of Units Total: 5
  • Annual Gross Income: 166536.0
  • Annual Operating Expense: 59179.0
  • Total Actual Rent: 13878.0
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/01/2024 10/01/24 Sold $2,185,000 0.0% --
08/29/2024 08/29/24 Pending -- -- --
07/23/2024 07/23/24 Off Market $2,185,000 -- --
07/06/2024 07/06/24 Pending -- -- --
07/02/2024 07/02/24 For Sale $2,450,000 0.0% --
06/17/2024 06/17/24 Pending -- -- --
04/16/2024 04/16/24 Price Changed $2,450,000 -7.5% --
02/20/2024 02/20/24 For Sale $2,650,000 +20.5% --
09/28/2020 09/28/20 Sold $2,200,000 0.0% -- View Prior Sale
09/24/2020 09/24/20 Pending -- -- --
08/24/2020 08/24/20 For Sale $2,200,000 +40.6% --
08/01/2014 08/01/14 Sold $1,565,000 -3.7% -- View Prior Sale
06/13/2014 06/13/14 Pending -- -- --
06/09/2014 06/09/14 For Sale $1,625,000 -- --
Source: Santa Barbara Multiple Listing Service

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $28,645 $2,185,000 $900,000 $1,285,000
2023 $28,645 $2,288,880 $936,360 $1,352,520
2022 $27,572 $2,244,000 $918,000 $1,326,000
2021 $26,950 $2,200,000 $900,000 $1,300,000
2020 $21,765 $1,719,588 $769,255 $950,333
2019 $21,275 $1,685,921 $754,172 $931,749
2018 $20,866 $1,652,914 $739,385 $913,529
2017 $20,438 $1,620,554 $724,888 $895,666
2016 $20,086 $1,588,828 $710,675 $878,153
2015 $19,897 $1,565,000 $700,000 $865,000
2014 -- $1,312,500 $525,000 $787,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 24-525

Santa Barbara Multiple Listing Service
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