$ 1,947,000
-
$1,947,000
Price -
2
Bed -
4
Bath -
2,280
SqFt -
0.14
Acre
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About the Listing V9025 - VC199509340,V199504560
5387 8th Street presents a rare opportunity to acquire a centrally located Carpinteria fourplex with a Seller that is motivated to close escrow before year end! There are currently two vacant units and the property is just a few walkable blocks from the ''World's Safest Beach'' and approximately 0.5 mi from Linden Avenue's vibrant retail and dining corridor. 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, and Unit D a studio - both vacant - offer immediate opportunity to lease up units at market rate or an owner-occupant to utilize this vacant one-bedroom unit as a residence or vacation retreat. Additionally, the garage and carport areas may present potential for ADU conversion, subject to city review and approvalThe 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 market of Carpinteria.
Listing Highlights for 5387 8th St
Interior Details
- Bedrooms: 2
- Bathrooms: 4 Full
- Appliances: Gas Range, Refrigerator, Water Heater
- Air Cond:
- Heating: Combination,Electric,Wall Furnace
- Fireplaces:
- Floor:
- Basement:
- Other:
- Water:
Exterior Details
- Lot Description: Sprinklers None,No Land Lease
- Garage Capacity: 1 car
- Parking Spaces: 7
- Roof:
- Others: Drywall,Has ADU
- Sewer:
- Parking Features: Detached Carport,Garage
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 003331005
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Listing Location
Questions About..
5387 8th St Carpinteria, CA 93013
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