4956 5th Street, CARPINTERIA, CA 93013
$4,000,000
Property Type:
Res Inc
Lot Size (sq. ft.):
12,632
Status:
Closed
Current Price:
$4,000,000
List Date:
4/24/2023
Last Modified:
7/28/2023
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.
Supplements: 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. Parking: 9 spaces (4 carports, 5 uncovered) Storage: 3 storage rooms Laundry: Yes, onsite (coin-operated) Showings: Subject to an acceptable offer. Note: Do not disturb tenants. Property being sold As-Is, Where-Is
More Information MLS# 23-1082
Location Info
District: 05 - CARPINTERIA-SUMMERLAND
Street #: 4956
Street Name: 5th
Street Suffix: Street
State/Province: CA
Postal Code: 93013
Compass Map: Carpinteria
Map Grid: F7
County: Santa Barbara
Parcel Number: 003-312-012
Cross Street: Linden
Walk Score: 92
Bike Score: 73
Contract Info
Current Price: $4,000,000
Price: 4225000
Financing: Cash
Buyers Agent $/%: 2.5
Begin Date: 2023-04-24
Status: Closed
Status Information
Sold Date: 2023-07-27
Sold Price: $4,000,000
Under Contract Date: 2023-06-29
Property Information
Number of Units: 7
Stories: 2
Apx Lot SqFt: 12632
Recurring Fees: No
Neighborhood/Schools
Neighborhood: 05 - Concha Loma
Elementary School: Aliso
Junior High School: Carp. Jr.
High School: Carp. Sr.
Remarks
Hot Sheet Comment: price
Owner Info
Deposit: 126750
Miscellaneous
Parking Spaces: 9
Unit 1
# Units: 5
# Bedrooms: 3
# Baths: 2
Furnished: N
Rent: 3279
Monthly Total: 16396
Unit 2
# Units: 2
# Bedrooms: 2
# Baths: 1
Monthly Total: 5600
Income/Expenses
Total Monthly Income: 21996
Other Income: 4400
Annual Income: 268352
Gross Rent Multiplr: 15.74
Capitalization Rate: 4
Total Monthly Exp: 95533
NOI: 167451
Meters
Sep Meter Elec: Y
Sep Meter Gas: Yes
Parking Info
Total # Carport Spaces: 4
Total # Garage Spaces: 3
Total # Unconvered Spaces: 5
Property Features
Unit 1: M/M
Income/Expenses: Estimated
Foundation: Slab
Parking Info: Garages; Carport; Uncovered
Proximity: Near Bus; Near Ocean; Near Park(s); Near School(s); Near Shopping
Laundry: Laundry Room
Amenities: Deck; Patio
Zoning: Other
Exchange: No
Terms: Cash
Listing Type: ER
Pub Listing Details: Owner is Licensee
Contingent Remarks: SUBJ 2 INSPECT
Listing Office: Hayes Commercial Group
Last Updated: July - 28 - 2023
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