4937 Nipomo Drive, CARPINTERIA, CA 93013, CARPINTERIA, 93013 - 4 bed, 2 bath
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CARPINTERIA, CA 93013
This property presents a High-Potential Investment Opportunity with a List Price of $1,400,000—positioned well below the $1,455,957 Fair Market Value by 3%. This valuation gap offers $55,957 in Instant Equity. Featuring a Condition Rating of 5, the home is a fully gutted blank canvas on a 13,939 sq ft lot with ADU Development Potential. This is a strategic acquisition for Fix-and-Flip Investors or Contractors seeking to maximize value through a complete interior build-out and secondary unit expansion.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4937 Nipomo Drive Subject | $1,400,000* List Price | 4 | 2 | 1,750 | $832 | - |
A 5402 Cameo Road Pending | $1,725,000 List Price | 4 | 2 | 1,695 | $1,018 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
The property is a 1958 build that has been fully gutted and is currently unlivable. It lacks a functional kitchen, bathrooms, and flooring, requiring a complete interior rehab and likely full updates to all major systems.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 13939, living area = 1750.
The property includes in-progress approvals for a 1,100 sq ft, 3-bedroom factory-built ADU, offering significant value-add and rental income opportunities on a single lot.
Situated on a generous 13,939 sq ft lot in a sought-after coastal community, the property provides rare space for both the main residence and the proposed secondary unit.
The property was recently sold within the past year on 2025-06-17. The sold price is $1,175,000.00.
The home is currently a shell and requires a total interior build-out, necessitating substantial liquid capital and a lengthy construction timeline before occupancy.
Due to the gutted state of the residence, the property will likely not qualify for traditional residential financing, restricting the buyer pool to cash or hard-money investors.
Investor opportunity in sought-after Carpinteria! This 4-bedroom, 2-bath home offers approximately 1,750 sq ft and has been fully gutted, creating a blank canvas ready for your vision. Seller is currently in the process of obtaining approval for an approximately 1,100 sq ft factory-built ADU featuring 3 bedrooms and 2 baths, adding tremendous value-add and income potential. Situated on a spacious 13,939 sq ft lot, this is an ideal opportunity for investors, contractors, or buyers looking to customize and complete a project in a highly desirable coastal location. Endless possibilities with strong upside potential!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,750 | 1,655 | 50% |
| Lot Size | 13,939 | 7,187 | 79% |
| Price | $1.40M | $1.61M | 21% |
| Price per sq ft | $800 | $1.2K | 17% |
| Built year | 1958 | 1970 | 42% |
| HOA | $0 | $0 | 50% |
| Days on market | 22 | 205 | 4% |
May 15, 2026
$1,400,000
Initial Listing
Jun 17, 2025
$1,175,000
Public Record