1387 Vallecito Pl, Carpinteria, CA 93013, Carpinteria, 93013 - 3 bed, 2 bath
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1387 Vallecito Pl
Carpinteria, CA 93013
ACTIVE
CONDITION: EXCELLENT
3Beds
2Baths
1,240Sq Ft
0Lot Size
Property Price
LIST PRICE$1,700,000
EST. MARKET VALUE
$1,602,098
6% AboveMARKET VALUE
SUMMARY
This Turnkey Coastal Residence is a Strong Value Opportunity, listed at $1,700,000—positioned above the $1,602,098 Fair Market Value. While priced at a premium, the property features an Excellent Condition Rating with a 2023-completed Studio ADU, a 2022 Pool, and high-end Marble Countertops. This dual-residence setup provides significant income potential or multi-generational flexibility. Located just one mile from Carpinteria Beach, this property offers a rare, maintenance-free lifestyle. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a premium, move-in-ready coastal sanctuary.
Estimated Market Value
$1,602,098
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 Pl Subject 3 bd · 2 ba · 1,240 sqft · $1,292 | $1,700,000* List Price | 3 | 2 | 1,240 | $1,292 | - |
A 4643 Eleanor Drive Sold 3 bd · 2 ba · 1,250 sqft · $1,173 · 0.6 mi | $1,466,500 | 3 | 2 | 1,250 | $1,173 | 0.6 mi |
B 1387 Vallecito Place Active 3 bd · 2 ba · 1,240 sqft · $1,371 · 0.0 mi | $1,700,000 List Price | 3 | 2 | 1,240 | $1,371 | 0.0 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.
The property is in mint, turnkey condition following a comprehensive remodel of the main house and the addition of a brand-new ADU completed in late 2023. Key updates include a modern kitchen with marble countertops and custom cabinetry, updated bathrooms with contemporary finishes, new roofs on all buildings, and a pool installed in 2022. The systems and finishes are all less than 5 years old, requiring no maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- Income Potential & ADU
The property features a newly completed (2023) studio ADU with its own kitchen and laundry, providing excellent opportunities for rental income or multi-generational living.
- Turnkey Condition
Extensively remodeled with a 2022 pool, new roofs on all buildings, and high-end finishes like marble countertops and cathedral ceilings, ensuring a move-in-ready experience.
- Prime Coastal Location
Ideally situated approximately one mile from Carpinteria Beach and half a mile from the village, offering convenient access to local dining, shopping, and the ocean.
CONSRISKS & DEFICIENCIES
- High Price per Square Foot
At a list price of $1.7M for 1,240 square feet, the property commands a significant premium that may be a barrier for value-focused buyers.
- Limited Main House Capacity
The primary residence offers only two bedrooms and a single bathroom, which may be restrictive for larger families or those requiring more interior living space.
About 1387 Vallecito Pl
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
- -
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 | - | 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 | 19 | 151 |
Pricing History
Listed for Sale
Oct 5, 2026
$1,700,000
Initial Listing