Jeannine Walker
Realty Executives Homes
(661) 425-0703
78 Total Sales
1 in Old Town Carpinteria
$737,000 Price
4928 8th St Carpinteria, CA 93013
Old Town Carpinteria Neighborhood
9
Beds
5
Baths
--
Sq Ft
9,583
Sq Ft Lot
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
As of August 2026Compelling 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.
Last Agent to Sell the Property
Sotheby's International Realty License #01383773 Listed on: 07/27/2026
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
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
Ownership 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
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 27, 2026
Closed on
Aug 10, 2026
Sold by
Indio Desert Plaza Llc
Bought by
Seller's Agent
Nancy Hussey
Sotheby's International Realty
Buyer's Agent
Christopher Page
Santa Barbara Estates
List Price
$3,200,000
Sold Price
$3,000,000
Premium/Discount to List
-$200,000
-6.25%
Views
75
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-72.98%
Original Mortgage
$2,000,000
Outstanding Balance
$2,000,000
Interest Rate
6.49%
Mortgage Type
New Conventional
Estimated Equity
$701,837
Purchase Details
Listed on
Jun 1, 2013
Closed on
May 20, 2013
Sold by
The Robert Franco & Elene Franco Living and Franco Robert
Bought by
Indio Desert Plaza Llc
Seller's Agent
Nancy Hussey
Coldwell Banker Realty
Buyer's Agent
Nancy Hussey
Coldwell Banker Realty
List Price
$1,578,000
Sold Price
$1,578,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.98%
Original Mortgage
$905,000
Interest Rate
3.38%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Feb 7, 2011
Sold by
Franco Robert and Franco Elene
Bought by
Franco Robert and Franco Elene
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$458,365
Interest Rate
4.67%
Mortgage Type
New Conventional
Purchase Details
Closed on
Feb 22, 1999
Sold by
Robert Franco and Robert Elene M
Bought by
Franco Robert and Franco Elene
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Old Town Carpinteria, CA
-
Jeannine Walker
-
Lisa Lee
Lisa Lee
Berkshire Hathaway HomeServices California Properties
(805) 892-6322
18 Total Sales
5 in Old Town Carpinteria
$533K - $1.6M Price Range
-
Susan Pate
Susan Pate
Compass
(805) 617-1044
10 Total Sales
1 in Old Town Carpinteria
$21,500,000 Price
-
Summer Knight
Summer Knight
Responds QuicklySun Coast Real Estate
(805) 335-6908
139 Total Sales
1 in Old Town Carpinteria
$967,500 Price
-
Janice Laney
Janice Laney
Responds QuicklyKeller Williams Santa Barbara
(805) 865-7385
31 Total Sales
1 in Old Town Carpinteria
$876,000 Price
-
Lisa Scibird
Lisa Scibird
Berkshire Hathaway HomeServices California Properties
(805) 456-1528
5 Total Sales
1 in Old Town Carpinteria
$1,825,000 Price
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 | -- | -- |
Source: Public Records
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: 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 |
|---|---|---|---|---|---|
| 08/19/2026 08/19/26 | Sold | $3,000,000 | 0.0% | -- | |
| 07/27/2026 07/27/26 | Pending | -- | -- | -- | |
| 07/02/2026 07/02/26 | Off Market | $3,000,000 | -- | -- | |
| 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 | -- | -- |
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 |
|---|---|---|---|---|
| 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 |
Source: Public Records
Agents Affiliated with this Home
-
Nancy Hussey
NH
Seller's Agent in 2026
Nancy Hussey
Sotheby's International Realty
(805) 452-3052
2 in this area
14 Total Sales
-
Christopher Page
Buyer's Agent in 2026
Christopher Page
Santa Barbara Estates
(805) 284-8422
1 in this area
9 Total Sales
Map
Source: Santa Barbara Multiple Listing Service
MLS Number: 26-1910
APN: 003-262-013
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
This information is being provided for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties that you may be interested in purchasing. Data relating to real estate for sale on this Website comes from the Internet Data Exchange Program of the Santa Barbara Multiple Listing Service. All information is deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither the Santa Barbara Multiple Listing Service nor the listing broker(s) shall be responsible for any typographical errors, misinformation, or misprints.
Copyright 2026 Santa Barbara Multiple Listing Service. All rights reserved.
Nearby Homes
- 1098 Linden Ave
- 4692 Carpinteria Ave Unit 26
- 220 Elm Ave Unit 19
- 220 Elm Ave Unit 9
- 4633 9th St
- 4980 Sandyland Rd Unit 212
- 4950 Sandyland Rd Unit 120
- 4582 4th St
- 4937 Nipomo Dr
- 4937 Nipomo Dr
- 349 Ash Ave Unit Spc 17
- 4975 Sandyland Rd Unit 302
- 5387 8th St Unit 1-4
- 5387 8th St
- 4700 Sandyland Rd Unit 16
- 5455 8th St Unit 25
- 910 Pear St
- 700 Concha Loma Dr
- 5615 Carpinteria Ave
- 546 Arbol Verde St
Your Personal Tour Guide
Ask me questions while you tour the home.