NOT LISTED FOR SALE

5360 Foothill Rd Carpinteria, CA 93013

Estimated Value: $7,936,052

9.85 Acres
$805,691 Price per Acre
429,066 Sq Ft Lot

Last Sold July 29, 2016

Last sale price $3,800,000

Est. 109% increase in value since last sale

Current estimated payment $44,117/month

45 Days on Market

Highlights

  • Ocean View
  • 9.85 Acre Lot
  • Level Lot
  • Property is near an ocean
  • Property is near schools

About This Lot

As of July 2016

39-Acre Multi-Use Income Ranch - Prime Carpinteria Location, Minutes to Santa Barbara & the Ocean A rare opportunity on one of the largest parcels in the area—39 flat, fully usable acres in the coveted Carpinteria foothills, just 20 minutes from Santa Barbara and only minutes to the Pacific Ocean. The property includes a small on-site residence currently rented for additional income, along with multiple other revenue streams: over 13 acres of mature GEM avocados, a 38,000-sq-ft industrial-grade warehouse, and multiple established greenhouses housing a fully operational, licensed cannabis business that is active and income-producing. All this is set against the backdrop of sweeping mountain views and the serene coastal lifestyle Before the current cannabis operation; the property was a thriving flower and herb nursery with a complete hydroponic system already in place. If cannabis isn't your cup of tea, the infrastructure allows for an easy return to a high-income flower or specialty-herb enterpriseor any number of other high-value crops. Adding to its long-term value, the ranch is supported by multiple high-capacity wells, ensuring abundant water for irrigation and expansion. This flexible setup means you can collect steady rent as a landlord from the existing operators or step in and run your own agricultural venturewhether cannabis, flowers, herbs, or a different crop entirely " Prime Carpinteria location20 minutes to Santa Barbara, minutes to the ocean " Breathtaking mountain views throughout the property " 39 acres " 13+ acres of mature, income-producing GEM avocados " 38,000-sq-ft warehouse with multiple active cannabis licenses " Multiple established greenhouses with full hydroponic systems " Multiple on-site wells providing abundant water for irrigation " Small residence on property currently generating rental income " Option to maintain the cannabis business, lease to operators, or easily revert to a lucrative flower and herb nursery " Ideal for continued farming, equestrian facilities, or large-scale development " Motivated ownerbring all offers This is a turnkey agricultural enterprise with a proven history of profitable cultivationand the water, infrastructure, and location to pivot seamlessly to whatever vision you bring. The existing cannabis business is also available as a separate purchase

Last Agent to Sell the Property

Jon Ohlgren

Radius Group Commercial R.E. License #01464358 Listed on: 01/08/2016

Radius Group Commercial R.E.

Co-Listed By

Robert Rauchhaus

Radius Group Commercial R.E.

Last Buyer's Agent

Jon Ohlgren

Radius Group Commercial R.E. License #01464358 Listed on: 01/08/2016

Radius Group Commercial R.E.

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $24,490

Lot Details

  • 9.85 Acre Lot
  • Level Lot

Property Views

  • Ocean
  • Panoramic
  • Mountain

Schools

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

Additional Features

  • Property is near an ocean
  • Property is near schools
  • Shared Well

Listing and Financial Details

  • Assessor Parcel Number 001-020-006

Property Details

Property Type

Land

Est. Annual Taxes

$24,490

Lot Details

0

Listing Details

  • Prop. Type: Land
  • Reso Property Sub Type: Commercial
  • ResoLotFeatures: Level
  • Co List Office Mls Id: rad
  • Co List Office Phone: 805-965-5500
  • Property Information Apx # Acres: 9.85
  • NeighborhoodSchools Elementary School: Canalino
  • NeighborhoodSchools Junior High School: Carp. Jr.
  • NeighborhoodSchools High School: Carp. Sr.
  • View Mountain(s)2: Yes
  • View Panoramic2: Yes
  • LocationTopo Level: Yes
  • Proximity Near Ocean2: Yes
  • Proximity Near School(s)2: Yes
  • ViewOcean: Yes
  • WaterSewer Shared Well: Yes
  • View Setting3: Yes
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • View: Mountain(s), Ocean, Panoramic, Setting
  • Acres: 9.85
  • Topography: Level

Utilities

  • Water Source: Shared Well

Schools

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

Lot Info

  • Parcel #: 001-020-006
  • Zoning: Other
  • Lot Size Sq Ft: 429066.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 19, 2021
Sold by
Brand Barry
Bought by
Happe Wilja
Current Estimated Value
$7,936,052

Purchase Details

Closed on
Jun 14, 2021
Sold by
Happe Wilja
Bought by
Brand Barry

Purchase Details

Closed on
Aug 18, 2020
Sold by
Brand Land Holdings Llc
Bought by
Casitas Farms Llc

Purchase Details

Listed on
Jan 8, 2016
Closed on
Jul 26, 2016
Sold by
Rg Flower Farms Inc
Bought by
Brand Land Holdings Llc
Seller's Agent
Jon Ohlgren
Radius Group Commercial R.E.
Buyer's Agent
Jon Ohlgren
Radius Group Commercial R.E.
List Price
$4,600,000
Sold Price
$3,800,000
Premium/Discount to List
-$800,000
-17.39%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.35%
Original Mortgage
$3,300,000
Interest Rate
3.54%
Mortgage Type
Unknown

Purchase Details

Closed on
Sep 25, 2014
Sold by
Murphy Paul Joseph
Bought by
Paul J & Romma P Murphy Family Trust

Purchase Details

Closed on
Nov 10, 2004
Sold by
Meyer Patricia Ann
Bought by
Murphy Paul Joseph

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$207,950
Interest Rate
5.87%
Mortgage Type
Unknown

Purchase Details

Closed on
Sep 30, 1998
Sold by
Brand Barry A R and Brand Wilja Happe
Bought by
Rg Flower Farms Inc
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Happe Wilja -- None Available
Brand Barry -- None Available
Casitas Farms Llc -- None Available
Brand Land Holdings Llc $3,800,000 Stewart Title Of Ca Inc
Paul J & Romma P Murphy Family Trust -- None Available
Murphy Paul Joseph $260,000 First American Title Company
Rg Flower Farms Inc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Brand Land Holdings Llc $3,300,000
Previous Owner Murphy Paul Joseph $207,950
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/02/2025 10/02/25 For Sale $30,500,000 +702.6% --
07/29/2016 07/29/16 Sold $3,800,000 -17.4% --
02/21/2016 02/21/16 Pending -- -- --
01/07/2016 01/07/16 For Sale $4,600,000 -- --
Source: Santa Barbara Multiple Listing Service

Tax History Compared to Growth

Source: Public Records

Tax History

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 $24,490 $2,519,616 $532,156 $1,987,460
2023 $24,490 $2,013,045 $182,878 $1,830,167
2022 $21,339 $1,974,680 $182,946 $1,791,734
2021 $22,410 $2,124,761 $345,902 $1,778,859
2020 $22,364 $2,119,825 $325,256 $1,794,569
2019 $22,093 $2,094,165 $306,645 $1,787,520
2018 $22,411 $2,116,155 $290,155 $1,826,000
2017 $22,140 $2,085,654 $285,654 $1,800,000
2016 $14,419 $1,352,948 $271,219 $1,081,729
2015 $14,326 $1,339,090 $273,608 $1,065,482
2014 $13,426 $1,308,597 $263,985 $1,044,612
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 16-53

Santa Barbara Multiple Listing Service

APN: 001-020-006