4928 8th St Carpinteria, CA 93013
Old Town Carpinteria NeighborhoodEstimated payment $19,272/month
Highlights
- Very Popular Property
- Property is near park, public transit, schools, shops, and bus stop
- Fireplace
- Property is near an ocean
- Wood Flooring
- 5 Car Attached Garage
About This Home
4928 8th Street offers a 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 upon launch. 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.
Offered at only $3,200,000, 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.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1940
Lot Details
- 9,583 Sq Ft Lot
- Lot Dimensions are 75 x 125
- Back Yard Fenced
- Property is in average condition
Parking
- 5 Car Attached Garage
- 5 Open Parking Spaces
Interior Spaces
- 2-Story Property
- Fireplace
Kitchen
- Built-In Oven
- Dishwasher
- Disposal
Flooring
- Wood
- Tile
Laundry
- Laundry Room
- Dryer
- Washer
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Schools
- Canalino Elementary School
- Carp. Jr. Middle School
- Carp. Sr. High School
Utilities
- Forced Air Heating System
- Heating System Uses Natural Gas
- Individual Gas Meter
Additional Features
- Property is near an ocean
- Property is near park, public transit, schools, shops, and bus stop
Community Details
- 4 Units
- Laundry Facilities
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 |
|---|---|---|---|---|
| 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 |
|---|---|---|---|---|---|
| 06/01/2026 06/01/26 | 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 | $905,000 | Purchase Money Mortgage | |
| Previous Owner | $458,365 | New Conventional |
Source: Santa Barbara Multiple Listing Service
MLS Number: 26-1804
APN: 003-262-013
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