4928 8th Street, Carpinteria, CA 93013
Local realty services provided by:Better Homes and Gardens Real Estate Property Shoppe
Listed by: nancy hussey
Office: sotheby's international realty
MLS#:26-1910
Source:SBAOR
Price summary
- Price:$3,200,000
About this home
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 1 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.
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
- Subdivision & Development:Other
- Listing ID #:26-1910
- Added:67 day(s) ago
- Updated:August 07, 2026 at 07:53 AM
Rooms and interior
- Bedrooms:9
- Full bathrooms:5
- Flooring:Hardwood, Tile
- Kitchen Description:Built-In Gas Oven, Dishwasher, Disposal, Gas Range, Refrigerator
Heating and cooling
- Heating:Forced Air, Heating
Structure and exterior
- Roof:Composition
- Year built:1940
- Lot area:0.22 Acres
- Lot Features:Level, Near Public Transit
- Construction Materials:Wood Siding
- Exterior Features:Fruit Trees, Yard Irrigation T/O
- Foundation Description:Mixed
- Levels:1 Story, Two
Schools
- High school:Carp. Sr.
- Middle school:Carp. Jr.
- Elementary school:Aliso
Finances and disclosures
- Price:$3,200,000
Features and amenities
- Appliances:Built-In Gas Oven, Dishwasher, Disposal, Dryer, Gas Range, Refrigerator, Washer
- Laundry features:Dryer, Laundry Room, Washer
Parking
- Parking description:Attached, Attached Garage
- Garage:Yes
- Garage spaces:8
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