5366 Foothill Road, Carpinteria, CA 93013, Carpinteria, 93013 - 4 bed, 2 bath

5366 Foothill Road, Carpinteria, CA 93013 home-pic-0
ACTIVE$30,500,000$1,500/sqft
5366 Foothill Road, Carpinteria, CA 93013
4Beds
2Baths
1,500Sqft
1,711,908Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 1711908, living area = 1500.
Top Cons:
MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =1711908, other record lot size in square feet = 232610.

Compared to the nearby listings

Price:$30.50M vs avg $1.82M (+$28,675,000)97%
Size:1,500 sqft vs avg 1,203 sqft59%
Price/sqft:$20.3K vs avg $59697%

More Insights

Built in 2015 (11 years old).
Condition: The residential unit was built in 2015, placing it well within the 'excellent' criteria of being built within the last 10 years. While interior photos are not provided, a 2015 build year strongly implies that the kitchen, bathrooms, appliances, fixtures, and all major systems are new or virtually new, meeting current quality standards with no deferred maintenance. The exterior shown in Image 1 (assuming it represents the 4 bed/2 bath residence) also appears modern, well-maintained, and aesthetically pleasing.
Year Built
2015
Close
-
List price
$30.5M
Original List price
-
Price/Sqft
$20,333
HOA
$0
Days on market
-
Sold On
-
MLS number
SR25228915
Home ConditionExcellent
Features
Excellent View:
View-

About this home

MOTIVATED SELLER BRING ALL OFFERS 39-Acre Multi-Use Income Ranch – Prime Carpinteria Location, Minutes to Santa Barbara & the Ocean A rare opportunity on one of the largest parcels in the area—39 flat, fully usable acres in the coveted Carpinteria foothills, just 20 minutes from Santa Barbara and only minutes to the Pacific Ocean. The property includes a small on-site residence currently rented for additional income, along with multiple other revenue streams: over 13 acres of mature GEM avocados, a 38,000-sq-ft industrial-grade warehouse, and multiple established greenhouses housing a fully operational, licensed cannabis business that is active and income-producing. All this is set against the backdrop of sweeping mountain views and the serene coastal lifestyle Before the current cannabis operation; the property was a thriving flower and herb nursery with a complete hydroponic system already in place. If cannabis isn’t your cup of tea, the infrastructure allows for an easy return to a high-income flower or specialty-herb enterprise—or any number of other high-value crops. Adding to its long-term value, the ranch is supported by multiple high-capacity wells, ensuring abundant water for irrigation and expansion. This flexible setup means you can collect steady rent as a landlord from the existing operators or step in and run your own agricultural venture—whether cannabis, flowers, herbs, or a different crop entirely • Prime Carpinteria location—20 minutes to Santa Barbara, minutes to the ocean • Breathtaking mountain views throughout the property • 39 acres • 13+ acres of mature, income-producing GEM avocados • 38,000-sq-ft warehouse with multiple active cannabis licenses • Multiple established greenhouses with full hydroponic systems • Multiple on-site wells providing abundant water for irrigation • Small residence on property currently generating rental income • Option to maintain the cannabis business, lease to operators, or easily revert to a lucrative flower and herb nursery • Ideal for continued farming, equestrian facilities, or large-scale development • Motivated owner—bring all offers This is a turnkey agricultural enterprise with a proven history of profitable cultivation—and the water, infrastructure, and location to pivot seamlessly to whatever vision you bring. The existing cannabis business is also available as a separate purchase

S
Samantha Mitchell
Listing Agent
Condition Rating
Excellent

The residential unit was built in 2015, placing it well within the 'excellent' criteria of being built within the last 10 years. While interior photos are not provided, a 2015 build year strongly implies that the kitchen, bathrooms, appliances, fixtures, and all major systems are new or virtually new, meeting current quality standards with no deferred maintenance. The exterior shown in Image 1 (assuming it represents the 4 bed/2 bath residence) also appears modern, well-maintained, and aesthetically pleasing.
Pros & Cons

Pros

High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 1711908, living area = 1500.
Exceptional Income-Generating Potential: The property boasts multiple established revenue streams, including over 13 acres of mature, income-producing GEM avocados, a licensed cannabis operation within a 38,000 sq-ft industrial warehouse, and rental income from an on-site residence.
Prime & Expansive Acreage: Comprising 39 flat, fully usable acres in the highly sought-after Carpinteria foothills, this parcel offers significant potential for agricultural expansion, equestrian facilities, or large-scale development.
Robust Agricultural Infrastructure: Equipped with a 38,000 sq-ft industrial-grade warehouse, multiple established greenhouses with full hydroponic systems, and multiple high-capacity wells, ensuring abundant water for irrigation and operations.
Strategic Location: Located in a coveted Carpinteria area, just minutes from the Pacific Ocean and 20 minutes from Santa Barbara, offering both serene mountain views and convenient access to urban amenities.
Versatile Business Operations: Provides flexibility to continue the existing profitable cannabis business, easily transition to other high-value crops like flowers or specialty herbs, or lease to operators, making it a highly adaptable enterprise.

Cons

MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =1711908, other record lot size in square feet = 232610.
Niche Market Appeal: The primary income stream being a licensed cannabis operation, despite its profitability, targets a specialized buyer pool due to regulatory complexities and potential industry-specific risks, which may limit market breadth.
Significant Capital Investment Required: With a list price of $30.5 million, this property represents a substantial investment, potentially narrowing the pool of qualified buyers to those with significant capital and specific agricultural/commercial interests.
Limited Primary Residential Focus: While a small residence exists, the property's primary value and description heavily emphasize its agricultural and commercial aspects, which might not appeal to buyers primarily seeking a luxury residential estate on such a large parcel.
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