5387 8th Street, CARPINTERIA, CA 93013, CARPINTERIA, 93013 - 0 bed, 0 bath
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CARPINTERIA, CA 93013
Analysis of 5387 8th Street, CARPINTERIA, CA 93013 is currently available with a list price of $2,050,000. 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.
While originally built in 1930, the property has received major system upgrades including a 2025 foundation retrofit and 2021 electrical and tankless water heater installations. With select units renovated within the last 5 years featuring new flooring and finishes, the property is well-maintained and move-in ready, though utilitarian common areas and the age of non-renovated units prevent an excellent rating.
The detached garage and carport areas offer significant upside through potential ADU conversion, providing a clear path to increase density and maximize rental yield.
Unit C is delivered vacant, allowing for immediate owner-occupancy or the ability to secure market-rate tenants instantly in Carpinteria's high-demand coastal rental market.
The property features critical infrastructure upgrades including a 2025 seismic foundation retrofit, updated electrical panels, and tankless water heaters, reducing immediate CapEx requirements.
Unit D is not scheduled for vacancy until July 2026, which limits the owner's ability to fully reposition the asset or achieve total market-rate income in the short term.
Originally constructed in 1930, the property may present ongoing maintenance challenges or hidden costs associated with century-old plumbing and structural elements despite recent updates.
5387 8th Street presents a rare opportunity to acquire a centrally located Carpinteria fourplex. The property consists of (2) 1BD/1BA units and (2) studio units with a pay-per-use laundry room, carport parking accessed via a rear alley, and a detached single-car garage. Unit C, the largest one-bedroom unit, will be delivered vacant, offering an owner-occupant the flexibility to utilize the unit as a primary residence or vacation retreat while benefiting from a consistent stream of supplemental rental income, or re-tenanting in a high-demand rental market. Unit D, a studio, is scheduled to be delivered vacant on July 1, 2026. Additionally, the garage and carport areas may present potential for ADU conversion, subject to city review and approvals. The site has benefited from several recent capital improvements, including the installation of foundation retrofit plates for enhanced seismic stability in 2025, as well as a new electrical main panel and sub panel in the garage, a gas meter, and two tankless water heaters installed in 2021. Select units have been updated within the past five years with new wall heaters, vinyl plank flooring, and interior finishes. Don't miss this compelling opportunity to acquire a well-located, income-producing asset in the supply constrained coastal market of Carpinteria.
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 | 6,098 | 8,711.5 | 50% |
| Price | $2.05M | $1.89M | 50% |
| Price per sq ft | $0 | $0 | 50% |
| Built year | 1930 | 1925 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 32 | 76 | 50% |
May 9, 2026
$2,050,000
Initial Listing
Sep 24, 2021
$1,540,000
Public Record