NOT LISTED FOR SALE

4956 5th St Carpinteria, CA 93013

Old Town Carpinteria Neighborhood
-- Bed
-- Bath
-- Sq Ft
0.29 Acres

Last Sold July 27, 2023

Last sale price $4,000,000

66 Days on Market

Highlights

  • Property is near an ocean
  • Property is near a park
  • Laundry Room
  • Deck
  • Patio
  • 2-minute walk to Tomol Interpretive Play Area

About This Home

As of July 2023

Rarely does an asset come available on the South Coast of Santa Barbara County that offers the full package like 4956 5th Street, with its A+ location, great unit mix of 3BDs and 2BDS, and long-term rent potential. Located one property off of Linden Avenue and just three blocks from Carpinteria State Beach, the property boasts
five (5) large 3BD/2BA units and two (2) large 2BD/1BA units. Ground-floor units offer their tenants patios while second-floor units offer decks. Unit #7 features an approximately 400 SF view deck. In addition to spacious units, the property features excellent on-site parking, three storage garages, and an on-site common laundry room. Located squarely in the center of downtown Carpinteria near two up-and-coming major developments, numerous restaurants, several breweries & tasting rooms, multiple local stores and shops, and the other amenities that make Carpinteria one of California's best beach towns.


Parking: 9 spaces (4 carports, 5 uncovered)
Storage: 3 storage rooms
Laundry: Yes, onsite (coin-operated)
Showings: Subject to an acceptable offer.
Note: Do not disturb tenants. Property being sold As-Is, Where-Is

Last Agent to Sell the Property

Christos Celmayster

Hayes Commercial Group License #01342996 Listed on: 04/24/2023

Co-Listed By

Rob Adams

Hayes Commercial Group License #01344315

Last Buyer's Agent

Caroline Santandrea

Sotheby's International Realty License #01349311

Property Details

Home Type

  • Multi-Family

Lot Details

  • 0.29

Parking

  • 3 Car Garage
  • 5 Open Parking Spaces
  • 4 Carport Spaces

Home Design

  • Slab Foundation

Interior Spaces

  • 2-Story Property
  • Laundry Room

Outdoor Features

  • Property is near an ocean
  • Deck
  • Patio

Location

  • Property is near a park
  • Property is near public transit
  • Property is near schools
  • Property is near shops
  • Property is near a bus stop

Schools

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

Additional Features

  • 0.29 Acre Lot
  • Individual Gas Meter

Listing and Financial Details

  • Assessor Parcel Number 003-312-012

Community Details

Overview

  • 7 Units
  • 05 Concha Loma Subdivision

Building Details

  • Gross Income $268,352
  • Net Operating Income $167,451

Property Details

Home Type

Multi-Family

Lot Details

0

Parking

3

Listing Details

  • Prop. Type: ResidentialIncome
  • Income Expenses Annual Income: 268352.0
  • Capitalization Rate: 4
  • Gross Rent Multiplier: 15.74
  • Monthly Expense: 95533.0
  • Monthly Income: 21996.0
  • Meters Sep Meter Elec: Y
  • Meters Sep Meter Gas: Yes
  • Miscellaneous Parking Spaces: 9.0
  • Building Stories: 2
  • ResoLaundryFeatures: Laundry Room
  • ResoLotFeatures: Near Public Transit
  • Co List Office Mls Id: bhc
  • Co List Office Phone: 805-563-2111
  • Subdivision Name: 05 - Concha Loma
  • Garage Yn: Yes
  • NeighborhoodSchools Elementary School: Aliso
  • NeighborhoodSchools Junior High School: Carp. Jr.
  • NeighborhoodSchools High School: Carp. Sr.
  • Parking Info Carport2: Yes
  • Parking Info Uncovered: Yes
  • Parking Info Total # Carport Spaces2: 4.0
  • Parking Info Total # Unconvered Spaces: 5.0
  • Foundation:Slab: Yes
  • Proximity Near Ocean2: Yes
  • Proximity Near Park(s)2: Yes
  • Proximity Near School(s)2: Yes
  • Laundry Laundry Room2: Yes
  • Proximity Near Shopping2: Yes
  • Property Information Apx Lot SqFt: 12632.0
  • Proximity Near Bus: Yes
  • General Property Information Stories2: 2.0
  • Parking Info Garages: Yes
  • Amenities Deck2: Yes
  • Amenities Patio2: Yes
  • IncomeExpenses NOI2: 167451
  • Parking Info Total # Garage Spaces2: 3.0
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Exterior Features

  • Acres: 0.29
  • Foundation Details: Slab

Garage/Parking

  • Garage Spaces: 3.0
  • Open Parking Spaces: 5.0
  • Parking Features: Garages, Carport, Uncovered
  • Total Parking Spaces: 9.0

Schools

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

Lot Info

  • Parcel #: 003-312-012
  • Zoning: Other
  • Lot Size Sq Ft: 12632.0

Multi Family

  • Number Of Units Total: 7
  • Annual Gross Income: 268352.0
  • Total Actual Rent: 21996.0

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/27/2023 07/27/23 Sold $4,000,000 -5.3% --
06/29/2023 06/29/23 Pending -- -- --
06/05/2023 06/05/23 Price Changed $4,225,000 -3.9% --
04/24/2023 04/24/23 For Sale $4,395,000 -- --
Source: Santa Barbara Multiple Listing Service

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Christos Celmayster

    Seller's Agent in 2023

    Christos Celmayster

    Hayes Commercial Group

    (805) 563-2111

    1 in this area

    85 Total Sales

    Christos Celmayster
    Section Image
  • Rob Adams

    Seller Co-Listing Agent in 2023

    Rob Adams

    Hayes Commercial Group

    (805) 563-2111

    1 in this area

    33 Total Sales

    Rob Adams
    Section Image

  • C

    Buyer's Agent in 2023

    Caroline Santandrea

    Sotheby's International Realty

    Section Image

  • V

    Buyer Co-Listing Agent in 2023

    Vivienne Leebosh

    Sotheby's International Realty

    2 in this area

    23 Total Sales

    Vivienne Leebosh
    Section Image
See All Agents

Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 23-1082

Santa Barbara Multiple Listing Service
California Santa Barbara County Carpinteria 93013 Old Town Carpinteria

4956 5th St, Carpinteria, CA

This home is located at 4956 5th St, Carpinteria, CA 93013 since 24 April 2023. 4956 5th St is a home located in Santa Barbara County with nearby schools including Carpinteria Senior High School, The Howard School, and Cate School.

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