NOT LISTED FOR SALE

5387 8th St Carpinteria, CA 93013

Old Town Carpinteria Neighborhood

Estimated Value: $1,693,000 - $2,262,000

-- Bed
4 Baths
-- Sq Ft
6,098 Sq Ft Lot

Last Sold September 24, 2021

Last sale price $1,540,000

Est. 43% increase in value since last sale

Current estimated payment $13,733/month

10 Days on Market

Highlights

  • Property is near an ocean
  • Tile Flooring
  • Partially Fenced Property
  • Property is near a park
  • 2 Car Garage

About This Home

As of September 2021

This is a rare opportunity to invest in income-producing real estate and live the beach life! Located in the beach town of Carpinteria, California this charming property is a short walk to both the white sandy beaches and the quaint downtown area. The freshly renovated units consist of two studios and two one-bedroom apartments. The larger unit has an extra-large bedroom and can command higher market rents. **Projected rental rates are conservative. AGENT DOES NOT guarantee that all four units are permitted - Buyer to invest age zoning and unit status on their own.

Last Agent to Sell the Property

Gary Goldberg

Coastal Properties License #01172139 Listed on: 08/03/2021

Last Buyer's Agent

Nancy Hussey

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $20,102

Year Built

  • Built in 1960

Lot Details

  • 6,098 Sq Ft Lot
  • Partially Fenced Property
  • Property is in average condition

Parking

  • 2 Car Garage
  • 3 Carport Spaces

Flooring

  • Carpet
  • Tile

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

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

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Window Unit Cooling System
  • Cable TV Available

Additional Features

  • Stove
  • Property is near an ocean

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 003-331-005

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$20,102

Year Built

Built in 1960

Lot Details

0

Parking

2

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1960
  • Monthly Income: 7000.0
  • ResoLaundryFeatures: Other
  • ResoLotFeatures: Near Public Transit
  • Reso Flooring: Carpet, Tile
  • Garage Yn: Yes
  • New Construction: No
  • Reso Property Condition: Average
  • Property Information Year Built2: 1960
  • NeighborhoodSchools Elementary School: Canalino
  • NeighborhoodSchools Junior High School: Carp. Jr.
  • NeighborhoodSchools High School: Carp. Sr.
  • HeatingCooling Wall3: Yes
  • Parking Info Carport2: Yes
  • Parking Info Total # Carport Spaces2: 3.0
  • Proximity Near Ocean2: Yes
  • Proximity Near Park(s)2: Yes
  • Proximity Near School(s)2: Yes
  • FlrWdw Coverings Tile3: Yes
  • Proximity Near Shopping2: Yes
  • Property Information Apx Lot SqFt: 6098.0
  • Proximity Near Bus: Yes
  • FlrWdw Coverings Carpet: Yes
  • Parking Info Garages: Yes
  • Amenities Gas Stove2: Yes
  • Condition Average2: Yes
  • HeatingCooling AC Window2: Yes
  • Amenities Fncd Prt: Yes
  • Parking Info Total # Garage Spaces2: 2.0
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Exterior Features

  • Acres: 0.14

Garage/Parking

  • Garage Spaces: 2.0
  • Parking Features: Garages, Carport

Association/Amenities

  • Association Amenities:Cable TV: Yes

Schools

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

Lot Info

  • Parcel #: 003-331-005
  • Zoning: R-3
  • Lot Size Sq Ft: 6098.0

Multi Family

  • Number Of Units Total: 4
  • Total Actual Rent: 7000.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 8, 2025
Sold by
Mark Howard Leaf And Jami Lynn Leaf Trus and Leaf Mark H
Bought by
Miasis Dragon Partners I Llc
Current Estimated Value
$2,202,293

Purchase Details

Closed on
Apr 10, 2023
Sold by
Leaf Mark H and Leaf Jami L
Bought by
Mark Howard Leaf And Jami Lynn Leaf Trust

Purchase Details

Listed on
Aug 3, 2021
Closed on
Sep 7, 2021
Sold by
Guiliano Robert L and Guiliano Louis Michael
Bought by
Leaf Mark H and Leaf Jami L
Seller's Agent
Gary Goldberg
Coastal Properties
Buyer's Agent
Nancy Hussey
Coldwell Banker Realty
List Price
$1,500,000
Sold Price
$1,540,000
Premium/Discount to List
$40,000
2.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.82%
Original Mortgage
$1,155,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 21, 2003
Sold by
Giuliano Louis M
Bought by
Giuliano Louis Michael

Purchase Details

Closed on
Dec 16, 2002
Sold by
Giuliano Louis Michael
Bought by
Giuliano Louis M

Purchase Details

Closed on
Nov 22, 2002
Sold by
Giuliano Louis M
Bought by
Giuliano Louis Michael

Purchase Details

Closed on
Dec 30, 1996
Sold by
Giuliano Louis M
Bought by
Giuliano Louis M
Source: Public Records

Range of Values:

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Average Value
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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
Miasis Dragon Partners I Llc -- None Listed On Document
Miasis Dragon Partners I Llc -- None Listed On Document
Mark Howard Leaf And Jami Lynn Leaf Trust -- None Listed On Document
Leaf Mark H $1,540,000 First American Title Company
Giuliano Louis Michael -- --
Giuliano Louis M -- --
Giuliano Louis Michael -- --
Giuliano Louis M -- --
Giuliano Louis M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Leaf Mark H $1,155,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/24/2021 09/24/21 Sold $1,540,000 +2.7% --
08/13/2021 08/13/21 Pending -- -- --
08/03/2021 08/03/21 For Sale $1,500,000 -- --
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 $20,102 $1,634,260 $1,061,208 $573,052
2023 $20,102 $1,570,800 $1,020,000 $550,800
2022 $19,354 $1,540,000 $1,000,000 $540,000
2021 $4,193 $110,932 $31,686 $79,246
2020 $2,914 $109,796 $31,362 $78,434
2019 $2,805 $107,645 $30,748 $76,897
2018 $2,700 $105,536 $30,146 $75,390
2017 $2,599 $103,467 $29,555 $73,912
2016 $2,554 $101,439 $28,976 $72,463
2015 $2,554 $99,916 $28,541 $71,375
2014 $2,448 $97,959 $27,982 $69,977
Source: Public Records

Agents Affiliated with this Home

  • Gary Goldberg

    Seller's Agent in 2021

    Gary Goldberg

    Coastal Properties

    (805) 455-8910

    25 in this area

    112 Total Sales

    Section Image

  • N

    Buyer's Agent in 2021

    Nancy Hussey

    Coldwell Banker Realty

See All Agents

Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 21-2900

Santa Barbara Multiple Listing Service

APN: 003-331-005

California Santa Barbara County Carpinteria 93013 Old Town Carpinteria

5387 8th St, Carpinteria, CA

This home is located at 5387 8th St, Carpinteria, CA 93013 since 03 August 2021 and is currently estimated at $1,989,069. This property was built in 1960. 5387 8th 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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