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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: 10/17/2024

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

Country: US Compass Map: Carpinteria Map Grid: F7 Cross Street: Linden Walk Score: 92 Bike Score: 73 District: 05 - CARPINTERIA-SUMMERLAND Street #: 4956 Street Name: 5th Street Suffix: Street State: CA Postal Code: 93013 County: Santa Barbara Parcel Number: 003-312-012

Contract Info

Financing: Cash Buyers Agent $/%: 2.5 Current Price: $4,000,000 Price: 4225000 Begin Date: 2023-04-24 Status: Closed

Property Information

Year Built: 0 Stories: 2 Apx Lot SqFt: 12632 Recurring Fees: No Number of Units: 7

Neighborhood/Schools

Elementary School: Aliso Junior High School: Carp. Jr. High School: Carp. Sr.

Owner Info

Deposit: 126750

Remarks

Hot Sheet Comment: price

Foundation

Slab: 1

Miscellaneous

Parking Spaces: 9

Proximity

Near Bus: 1 Near Ocean: 1 Near Park(s): 1 Near School(s): 1 Near Shopping: 1

Laundry

Laundry Room: 1

Amenities

Deck: 1 Patio: 1

Unit 1

# Units: 5 # Bedrooms: 3 # Baths: 2 # Half Baths: 0 Furnished: N Rent: 3279 M/M: 1 Monthly Total: 16396

Income/Expenses

Total Monthly Income: 21996 Other Income: 4400 Annual Income: 268352 Gross Rent Multiplr: 15.74 Capitalization Rate: 4 Estimated: 1 Total Monthly Exp: 95533 NOI: 167451

Unit 2

# Units: 2 # Bedrooms: 2 # Baths: 1 Monthly Total: 5600

Zoning

Other: 1

Terms

Cash: 1

Listing Type

ER: 1

Meters

Sep Meter Elec: Y Sep Meter Gas: Yes

Parking Info

Carport: 1 Garage: 1 Outside: 1 Total # Carport Spaces: 4 Total # Garage Spaces: 3 Total # Unconvered Spaces: 5

Pub Listing Details

Owner is Licensee: 1

Contingent Remarks

SUBJ 2 INSPECT: 1

Exchange

No: 1

Status Information

Sold Date: 2023-07-27 Sold Price: $4,000,000 Under Contract Date: 2023-06-29

NeighborhoodSchools

Neighborhood: 05 - Concha Loma

Property Features

Unit 1: M/M Foundation: Slab Parking Info: Carport; Garage; Carport; Outside 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
IDX
Last Updated: October - 17 - 2024
The data relating to real estate for sale on this web site comes from the Internet Data Exchange Program of the Santa Barbara Multiple Listing Service. Real estate listings held by brokerage firms other than the displaying broker(s) are marked with the 'MLS' logo and detailed information about them includes the name of the listing brokers. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor displaying broker shall be responsible for any typographical errors, misinformation, or misprints. 2015 Santa Barbara Multiple Listing Service. All rights reserved.

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