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Listed by Jason Liehr, DRE #02152826 • Beachside Partners
$ 2,050,000
Est. payment | /mo
6,098 Sqft Lot
$ 2,050,000
Est. payment | /mo
6,098 Sqft Lot
Key Details
Property Type Multi-Family, Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRV1-36223
Year Built 1930
Lot Size 6,098 Sqft
Source California Regional MLS
Property Description
5387 8th Street presents a rare opportunity to acquire a centrally located Carpinteria fourplex. The property consists of (2) 1BD/1BA units and (2) studio units with a pay-per-use laundry room, carport parking accessed via a rear alley, and a detached single-car garage. Unit C, the largest one-bedroom unit, will be delivered vacant, offering an owner-occupant the flexibility to utilize the unit as a primary residence or vacation retreat while benefiting from a consistent stream of supplemental rental income, or re-tenanting in a high-demand rental market. Unit D, a studio, is scheduled to be delivered vacant on July 1, 2026. Additionally, the garage and carport areas may present potential for ADU conversion, subject to city review and approvals.The site has benefited from several recent capital improvements, including the installation of foundation retrofit plates for enhanced seismic stability in 2025, as well as a new electrical main panel and sub panel in the garage, a gas meter, and two tankless water heaters installed in 2021. Select units have been updated within the past five years with new wall heaters, vinyl plank flooring, and interior finishes.Don't miss this compelling opportunity to acquire a well-located, income-producing asset in the supply constrained coastal mark
Location
State CA
County Santa Barbara
Area Cpta - Carpinteria
Rooms
Kitchen Oven Range - Gas, Refrigerator
Interior
Heating Multi Type, Wall Furnace , Electric
Cooling None
Laundry In Laundry Room
Exterior
Parking Features Detached Garage, Garage
Garage Spaces 7.0
Pool 31, None
View None
Building
Story One Story
Water Hot Water
Others
Tax ID 003331005
Special Listing Condition Not Applicable
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