4928 8th St Carpinteria, CA 93013
Old Town Carpinteria NeighborhoodEstimated payment $19,441/month
Highlights
- Property is near an ocean
- Fruit Trees
- Property is near park, public transit, schools, shops, and bus stop
- Updated Kitchen
- Mountain View
- Wood Flooring
About This Home
Compelling investment opportunity in the heart of downtown Carpinteria--one of the South Coast's most supply-constrained and high-demand rental markets. This income-producing property consists of a 3-bedroom, 2-bath single-family residence in the front, plus three rear units, each configured as 2 bedroom, 1 bath with private garages below.
The unit mix provides diversified income streams with strong tenant appeal, while the central downtown location--just blocks from shops, dining, and the beach--supports long-term rental stability and premium rents.
The property has currently undergone exterior and interior improvements, including a fresh, market-aligned paint scheme to enhance curb appeal and maximize tenant and buyer interest. With limited multi-unit inventory in Carpinteria, this asset presents both immediate income potential and long-term upside through rental increases and operational optimization. Based on current and projected rents, investors have the opportunity to achieve a competitive cap rate for a coastal California asset, with additional value-add potential.
This is a rare opportunity to acquire a well-located, multi-unit property in a highly desirable coastal community with strong fundamentals and enduring demand.
Home Details
Home Type
- Single Family
Year Built
- Built in 1940
Lot Details
- 9,583 Sq Ft Lot
- Partially Fenced Property
- Mature Landscaping
- Level Lot
- Irrigation
- Fruit Trees
- Property is in average condition
- Property is zoned PRD
Parking
- 8 Car Attached Garage
- 4 Open Parking Spaces
Home Design
- Composition Roof
- Wood Siding
Interior Spaces
- 2-Story Property
- Blinds
- Living Room with Fireplace
- Mountain Views
- Fire and Smoke Detector
Kitchen
- Updated Kitchen
- Built-In Gas Oven
- Gas Range
- Dishwasher
- Disposal
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 9 Bedrooms
- Walk-In Closet
- Remodeled Bathroom
- 5 Full Bathrooms
Laundry
- Laundry Room
- Dryer
- Washer
Outdoor Features
- Property is near an ocean
- Front Porch
Location
- Property is near park, public transit, schools, shops, and bus stop
- City Lot
Schools
- Aliso Elementary School
- Carp. Jr. Middle School
- Carp. Sr. High School
Utilities
- No Cooling
- Forced Air Heating System
- Heating System Uses Natural Gas
- Vented Exhaust Fan
- Cable TV Available
Community Details
- Restaurant
Listing and Financial Details
- Assessor Parcel Number 003-262-013
- Seller Considering Concessions
Map
Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 2026 | $24,058 | $2,009,677 | $879,233 | $1,130,444 |
| 2025 | $24,058 | $1,970,273 | $861,994 | $1,108,279 |
| 2023 | $23,557 | $1,893,768 | $828,523 | $1,065,245 |
| 2022 | $22,696 | $1,856,636 | $812,278 | $1,044,358 |
| 2021 | $22,180 | $1,820,232 | $796,351 | $1,023,881 |
| 2020 | $21,877 | $1,801,569 | $788,186 | $1,013,383 |
| 2019 | $21,397 | $1,766,245 | $772,732 | $993,513 |
| 2018 | $21,000 | $1,731,614 | $757,581 | $974,033 |
| 2017 | $20,584 | $1,697,662 | $742,727 | $954,935 |
| 2016 | $20,228 | $1,664,375 | $728,164 | $936,211 |
| 2015 | $20,030 | $1,639,376 | $717,227 | $922,149 |
| 2014 | $18,876 | $1,607,264 | $703,178 | $904,086 |
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 |
|---|---|---|---|---|---|
| 07/27/2026 07/27/26 | Pending | -- | -- | -- | |
| 07/02/2026 07/02/26 | Off Market | $3,200,000 | -- | -- | |
| 06/09/2026 06/09/26 | For Sale | $3,200,000 | +102.8% | -- | |
| 06/01/2013 06/01/13 | Sold | $1,578,000 | 0.0% | -- | View Prior Sale |
| 06/01/2013 06/01/13 | Pending | -- | -- | -- | |
| 06/01/2013 06/01/13 | For Sale | $1,578,000 | -- | -- |
Purchase 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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $1,600,000 | Fidelity National Title Co | |
| Interfamily Deed Transfer | -- | Crown Title Corporation | |
| Interfamily Deed Transfer | -- | Crown Title Corporation | |
| Interfamily Deed Transfer | -- | -- |
Mortgage 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 | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $781,000 | New Conventional | |
| Closed | $781,000 | Commercial | |
| Closed | $905,000 | Purchase Money Mortgage | |
| Previous Owner | $458,365 | New Conventional | |
| Previous Owner | $500,000 | Unknown | |
| Previous Owner | $346,000 | Unknown | |
| Previous Owner | $346,000 | Unknown | |
| Previous Owner | $75,000 | Credit Line Revolving | |
| Previous Owner | $365,000 | Unknown |
Source: Santa Barbara Multiple Listing Service
MLS Number: 26-1910
APN: 003-262-013
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