5021 Alvarado Street, Carpinteria, CA 93013, Carpinteria, 93013 - 4 bed, 0 bath
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Carpinteria, CA 93013
Analysis of 5021 Alvarado Street, Carpinteria, CA 93013 reveals a property with a current list price of $1,384,000, which is 7% above the estimated $1,274,739 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. 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 Experienced Investors and Fix-and-Flip Specialists.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5021 Alvarado Street Subject | $1,384,000* List Price | 4 | 0 | 1,400 | $911 | - |
A 5404 Granada Way Sold | $1,678,000 | 3 | 2 | 1,680 | $999 | 0.4 mi |
B 5081 Alvarado Road Pending | $1,675,000 List Price | 4 | 2 | 1,926 | $870 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1947, this property is significantly aged, and the images reveal severely outdated kitchens and bathrooms in both units. Appliances are old, flooring consists of worn carpet and dated vinyl tiles, and light fixtures are basic and old-fashioned. The overall condition suggests a lack of major renovations for many decades, requiring substantial repairs and rehabilitation to meet modern living standards. The listing description itself targets 'contractors' and 'investors' and emphasizes 'endless potential' and the need to 'build, renovate,' reinforcing the assessment that extensive work is needed.
The property features two detached homes, offering exceptional flexibility for multi-generational living, guest accommodation, or significant rental income potential.
Situated in a highly desirable Carpinteria neighborhood, moments from pristine beaches, charming downtown shops, and top-rated schools, all easily accessible by foot or bike.
Explicitly marketed for contractors, investors, or families, this property offers diverse opportunities for renovation, redevelopment, or immediate rental income.
Built in 1947, the property's age and the description's emphasis on 'contractors' and 'renovate' strongly suggest it requires significant updates or modernization to meet contemporary standards.
With 1400 sqft divided between two detached homes (a 3-bed/2-bath and a 2-bed/1-bath), individual living areas are likely compact, which may not appeal to buyers seeking spacious layouts.
The 'endless potential' and targeting of 'contractors' indicate that substantial investment in renovation, upgrades, or even redevelopment might be necessary, adding to the overall cost for a buyer.
Don't let this chance slip away--own a truly distinctive property brimming with endless potential right in the heart of Carpinteria. This special offering includes two detached homes, making it perfect for contractors, investors, or families who want flexibility, income potential, or room for multi-generational living.The main house features three bedrooms and two bathrooms, along with a spacious living room and kitchen for comfortable everyday living. You'll also find a carport, garage, and not one, but two storage sheds, giving you all the extra space you could need. The back house offers two bedrooms and one bathroom, as well as a cozy kitchen and living room, making it an ideal granny flat, guest house, or rental unit.Situated in a prime location, this property is just moments from pristine beaches, charming downtown shops, and top-rated elementary and high schools--all easily accessible by foot or bike. Enjoy the peace and quiet of a home set far enough from the freeway to avoid noise, yet close enough for convenient access.Whether you're a contractor looking for your next project, an investor seeking rental income, or a family wanting extra space, this property delivers endless opportunities. Build, renovate, or rent--this is your chance to make this exceptional property your own.This truly is a once-in-a-lifetime opportunity in one of Carpinteria's most desirable neighborhoods.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 0.0 | 2.0 | 3% |
| Square foot | 1,400 | 1,588 | 41% |
| Lot Size | - | 6,534 | 16% |
| Price | $1.38M | $1.65M | 27% |
| Price per sq ft | $989 | $1.1K | 32% |
| Built year | 1947 | 1964 | 22% |
| HOA | $0 | $0 | 50% |
| Days on market | 238 | 201 | 78% |
Aug 27, 2025
$1,384,000
Initial Listing