4928 8th Street, CARPINTERIA, CA 93013, CARPINTERIA, 93013 - 0 bed, 0 bath
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CARPINTERIA, CA 93013
Analysis of 4928 8th Street, CARPINTERIA, CA 93013 is currently available with a list price of $3,200,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the CARPINTERIA Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is move-in ready.
Originally built in 1940, the property has recently undergone interior and exterior improvements including fresh paint, updated hardwood flooring, and bathroom refreshes with modern subway tile. While the structure is older, the recent renovations make it move-in ready and well-maintained, fitting the 'Good' criteria for a 5-15 year renovation equivalent.
Situated in the heart of downtown Carpinteria, the property is just blocks from the beach, shops, and dining in a highly supply-constrained and high-demand rental market.
The unit mix of a 3-bedroom single-family residence plus three 2-bedroom units with private garages provides stable, multi-stream revenue and broad tenant appeal.
Recent cosmetic improvements and market-aligned updates offer immediate curb appeal, with additional upside through rental optimization and operational efficiencies.
Built in 1940, the property may require ongoing maintenance or capital expenditures for aging systems that have not been fully modernized.
The $3.2 million price point represents a significant initial capital requirement, which may limit the pool of qualified investors despite the strong coastal fundamentals.
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.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | - | - | 50% |
| Lot Size | 9,583 | 10,454 | 50% |
| Price | $3.20M | $2.47M | 50% |
| Price per sq ft | $0 | $0 | 50% |
| Built year | 1940 | 1930 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 5 | 63 | 50% |
Jun 1, 2026
$3,200,000
Initial Listing
May 31, 2013
$1,600,000
Public Record