1387 Vallecito Place, Carpinteria, CA 93013, Carpinteria, 93013 - 3 bed, 2 bath
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1387 Vallecito Place
Carpinteria, CA 93013
ACTIVE
CONDITION: EXCELLENT
3Beds
2Baths
1,240Sq Ft
4,792Lot Size
Property Price
LIST PRICE$1,700,000
EST. MARKET VALUE
$1,875,455
9% BelowMARKET VALUE
SUMMARY
This Turnkey Dual-Residence Property is a Strong Value Opportunity, listed at $1,700,000—positioned well below the $1,875,455 Fair Market Value by 9%. This valuation gap offers $175,455 in Instant Equity. Featuring a Mint Condition Rating, the property includes a 2023-built ADU, a private pool, and high-end kitchen finishes. Its prime location near Carpinteria Beach and mountain views provide significant lifestyle appeal. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a versatile, move-in-ready coastal asset.
Estimated Market Value
$1,875,455+$175,455 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Carpinteria.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1387 Vallecito Place Subject 3 bd · 2 ba · 1,240 sqft · $1,512 | $1,700,000* List Price | 3 | 2 | 1,240 | $1,512 | - |
A 546 Arbol Verde Street Active 3 bd · 2 ba · 1,344 sqft · $1,633 · 0.9 mi | $2,195,000 List Price | 3 | 2 | 1,344 | $1,633 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
This property is in mint, turnkey condition with significant recent upgrades that meet the <5-year renovation criteria. The ADU was completed in late 2023, the pool in 2022, and the main house features a fully remodeled kitchen with marble countertops and a modern bathroom with high-end stone tiling. Additionally, the property features new roofs on all buildings and modern mini-split HVAC systems, requiring no immediate maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- Dual-Living Potential
The property includes a newly completed (2023) studio ADU with its own kitchen and laundry, offering excellent flexibility for rental income, a home office, or multi-generational living.
- Turnkey Modern Upgrades
Extensively remodeled with high-end finishes like marble countertops and cathedral ceilings, the home also features a private pool added in 2022 and new roofs on all structures.
- Prime Coastal Location
Ideally situated just one mile from Carpinteria Beach and walking distance to the village, the property combines mountain views with convenient access to local shops and restaurants.
CONSRISKS & DEFICIENCIES
- Compact Interior Square Footage
With only 1,240 total square feet divided between two separate residences, the individual living areas and bedrooms may feel small for the $1.7M price point.
- Limited Lot Size
The 4,792-square-foot lot is relatively small for a property hosting two dwellings and a pool, which restricts the amount of open yard space and privacy between structures.
About 1387 Vallecito Place
This turnkey two-residence property in Carpinteria features a move-in-ready, remodeled 2-bedroom, 1-bath main house and a separate 1-bath studio ADU completed in late 2023. The main home offers an updated kitchen with island, marble countertops, custom cabinetry, wood floors, recessed lighting, and a cathedral-beamed ceiling. The ADU features its own kitchen, laundry, and living space.The private, gated, low-maintenance backyard and front courtyard are designed for relaxed outdoor living, with a pool completed in early 2022, mature landscaping, fountains, and a hot-water outdoor shower. New roofs on all buildings and two off-street parking spaces add to the property's turnkey appeal.Ideally located about one mile from Carpinteria Beach and half a mile from the village, with convenient access to shops, restaurants, and the freeway.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1958
- Lot Size
- 4,792 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.3 |
| Baths | 2.0 | 3.5 |
| Square foot | 1,240 | 2,660.75 |
| Lot Size | 4,792 | 15,899 |
| Price | $1.70M | $4.20M |
| Price per sq ft | $1.4K | $1.5K |
| Built year | 1958 | 1962 |
| HOA | $0 | $0 |
| Days on market | 18 | 151 |
Pricing History
Listed for Sale
Oct 9, 2026
$1,700,000
Initial Listing