9,583 Sqft Lot
9,583 Sqft Lot
Key Details
Property Type Single Family Home
Listing Status Pending
Purchase Type For Sale
MLS Listing ID 26-1804
Year Built 1940
Lot Size 9,583 Sqft
Acres 0.22
Lot Dimensions 9583.2
Source Santa Barbara Multiple Listing Service
Property Description
The unit mix provides diversified income streams with strong tenant appeal, while the central downtown location--just blocks from shops, dining, and the beach--supports long-term rental stability and premium rents.
The property has currently undergone exterior and interior improvements, including a fresh, market-aligned paint scheme to enhance curb appeal and maximize tenant and buyer interest upon launch. With limited multi-unit inventory in Carpinteria, this asset presents both immediate income potential and long-term upside through rental increases and operational optimization. Based on current and projected rents, investors have the opportunity to achieve a competitive cap rate for a coastal California asset, with additional value-add potential.
Offered at only $3,200,000, this is a rare opportunity to acquire a well-located, multi-unit property in a highly desirable coastal community with strong fundamentals and enduring demand.
Location
State CA
County Santa Barbara
Community Other
Interior
Heating Natural Gas, Forced Air
Laundry Laundry Room, In Unit, Bldg
Exterior
Parking Features Garage, Attached
Garage Spaces 5.0
Total Parking Spaces 5
Building
Lot Description Near Public Transit
Foundation Mixed
New Construction No
Others
Tax ID 003-262-013
Acceptable Financing Conventional, Cash
Listing Terms Conventional, Cash
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