4928 8th Street, Carpinteria, CA 93013
Local realty services provided by:Better Homes and Gardens Real Estate Property Shoppe
4928 8th Street,Carpinteria, CA 93013
$3,200,000
- - Beds
- - Baths
- - sq. ft.
- Multi-family
- Active
Upcoming open houses
- Sun, Jun 0701:00 pm - 04:00 pm
Listed by: nancy hussey
Office: sotheby's international realty
MLS#:26-1884
Source:SBAOR
Price summary
- Price:$3,200,000
About this home
4928 8th Street offers a compelling investment opportunity in the heart of downtown Carpinteria--one of the South Coast's most supply-constrained and high-demand rental markets. This income-producing property consists of a 3-bedroom, 2-bath single-family residence in the front, plus three rear units, each configured as 2 bedroom, 1 bath with private garages below. 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....
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Home facts
- Year built:1940
- Listing ID #:26-1884
- Added:6 day(s) ago
- Updated:June 07, 2026 at 07:56 PM
Rooms and interior
- Flooring:Hardwood, Tile
Heating and cooling
- Heating:Forced Air, Heating
Structure and exterior
- Year built:1940
- Lot area:0.22 Acres
- Lot Features:Near Public Transit
- Foundation Description:Mixed
Schools
- High school:Carp. Sr.
- Middle school:Carp. Jr.
- Elementary school:Canalino
Finances and disclosures
- Price:$3,200,000
Features and amenities
- Laundry features:Bldg, In Unit, Laundry Room
Parking
- Parking description:Attached
- Garage:Yes
- Garage spaces:5
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