Movoto Real Estate
Sold on 07/27/2023
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4956 5th St, Carpinteria, CA 93013

$4,000,000

Last sold 07/27/2023 after 94 Days

  • —

    bed

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    bath

Multi-family not for sale

About 4956 5th St

Property type Multi-family
Neighborhood
Year built 1900
HOA fee $0/month
Lot size 8,712 Sqft
Parking 3 garage spaces
Rental estimate
Property description
Rarely does an asset come available on the South Coast of Santa Barbara County that offers the full package like 4956 5th Street, with its A+ location, great unit mix of 3BDs and 2BDS, and long-term rent potential. Located one property off of Linden Avenue and just three blocks from Carpinteria State Beach, the property boasts five (5) large 3BD/2BA units and two (2) large 2BD/1BA units. Ground-floor units offer their tenants patios while second-floor units offer decks. Unit #7 features an approximately 400 SF view deck. In addition to spacious units, the property features excellent on-site parking, three storage garages, and an on-site common laundry room. Located squarely in the center of downtown Carpinteria near two up-and-coming major developments, numerous restaurants, several breweries & tasting rooms, multiple local stores and shops, and the other amenities that make Carpinteria one of California’s best beach towns. Do Not Disturb Tenants or Walk on Property Without Agent's Permission. Property is being sold "As-Is, Where-Is".
Listed by
Listing Agent - Christos Celmayster
Listing Office - Hayes Commercial Group, Inc.
Source: CRMLS mls logo
MLS#SC23069199 • last updated 3 years ago
Movoto checked CRMLS for data 4 minutes ago
Overview
Type Residential Income
SubType Quadruplex
Status Closed
Lot Size (Acres) 0.2
Lot Size (SqFt) 8712
Year Built 1900
Interior
Laundry Common Area
Exterior
Building Area Square Feet, 6950
# Uncovered Spaces 5
# Carport Spaces 4
# Parking Spaces 12
# Garage Spaces 3
Lot Description 6-10 Units/Acre
Amenities / Utilities
Sewer/ Septic Public Sewer
Water Source Public
Pool None
Location
County Santa Barbara
Community Features Park
Directions One Property Off The Corner Of Linden Ave And 5th Street
APN 3312012
Multifamily Details
Vacancy Allowance 5367
Laundry Income 800
Operating Expense 95533
Cap Rate 3.96
Total Expenses 95533
Gross Income 4400
Gross Operating Income 262985
Gross Multiplier 15.74
Gross Scheduled Income 268352
Rental est.: $4,883/month
Gross rent multiplier: 68.3
  • Jul 2023
    mls logo MLS # SC23069199
  • Jul 28, 2023 Sold
    $4,000,000
  • Jul 18, 2023 Pending
    —
  • Jun 5, 2023 Price Change
    $4,225,000 (-3.9%)
  • Apr 24, 2023 Listed
    $4,395,000
  • Jul 2023
    Public Records
  • Jul 27, 2023 Sold
    $4,000,000 (-5.3%)
  • Jul 2023
    mls logo MLS # 23-1082
  • Jul 2, 2023 Pending
    —
  • Apr 24, 2023 Listed
    $4,395,000
  • Year Property taxes Tax assessment
  • 2024
    $41,619 +17.4%
    $3,468,000 +2.0%
  • 2023
    $35,465 +129.2%
    $3,400,000 +20.49%
  • 2022
    $15,471 +2.5%
    $2,821,700 +202.33%
  • 2021
    $15,090 +2.0%
    $933,329 +3.04%
  • 2020
    $14,797
    $905,796
  • 4956 5th St
    $4M
  • Downtown Carpinteria
    —
  • 93013
    $2.1M +16% y/y
  • Carpinteria
    $2.14M +19% y/y
No chart available
Statistics calculated by Movoto

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Source: GreatSchools.org © 2026. All rights reserved.

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CRMLS Multiple Listing Service™ system
The real estate listing data marked with this icon comes from the IDX program of the CRMLS Multiple Listing Service™ system.
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