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$3,000,000
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Property Description
Compelling investment opportunity in the heart of downtown Carpinteria--one of the South Coast's most supply-constrained and high-demand rental markets. This income-producing property consists of a 3-bedroom, 2-bath single-family residence in the front, plus three rear units, each configured as 2 bedroom, 1 bath with private garages below. The unit mix provides diversified income streams with strong tenant appeal, while the central downtown location--just blocks from shops, dining, and the beach--supports long-term rental stability and premium rents. The property has currently undergone exterior and interior improvements, including a fresh, market-aligned paint scheme to enhance curb appeal and maximize tenant and buyer interest. With limited multi-unit inventory in Carpinteria, this asset presents both immediate income potential and long-term upside through rental increases and operational optimization. Based on current and projected rents, investors have the opportunity to achieve a competitive cap rate for a coastal California asset, with additional value-add potential. This is a rare opportunity to acquire a well-located, multi-unit property in a highly desirable coastal community with strong fundamentals and enduring demand.
Full Property Details
Full Property Details for 4928 8th St
General
- Sold For: $3,000,000
- Status: Closed
- Type: Single Family
- Source: SBAOR
- MLS ID: 26-1910
- Added to Site: 28 day(s) ago
Interior
- Interior Features: Walk-In Closet(s)
- Fireplace: Yes
- Fireplace(s): Living Room
- Appliances: Refrigerator, Gas Range, Built-In Gas Oven, Dishwasher, Disposal, Dryer, Washer
- Flooring: Hardwood, Tile
Rooms
Bathrooms
- Total Bathrooms: 5
- Full Bathrooms: 5
Bedrooms
- Total Bedrooms: 9
Other Rooms
- Laundry: Laundry Room
Additional Information
- Improvements: PAved, Street Lights, Cable
- Security/Safety: Smoke Detector
Exterior
- Exterior Features: Fruit Trees, Yard Irrigation T/O
Parking
- Attached garage: Yes
- Parking Features: Garage, Attached
- Garage Description: Attached
Location
- Area: 05 - CARPINTERIA-SUMMERLAND
- County: Santa Barbara
- Subdivision: Other
- Cross Streets: Linden
School Information
- Elementary School: Aliso
- Middle School: Carp. Jr.
- High School: Carp. Sr.
Community
- Pets Allowed: Yes
- Pet Restrictions: Yes
Heating & Cooling
- Cooling Type: A/C None
Utilities
- Water: Carp Wtr
Structural Information
- Construction: Wood Siding
- Exterior Const.: Wood Siding
- Foundation: Mixed
- Roof: Composition
- Windows: Blinds
- Year Built: 1940
- Property Condition: Average
Lot Features
- Property View: Mountain(s)
- Lot Size (Acres): 0.22
- Lot Size (Sq. Ft.): 9,583.2
- Lot Size: .22
- Lot Features: Level, Near Public Transit
- Zoning: PRD
Financial Considerations
- Terms: Cash, Conventional
Disclosures and Reports
- Reports: Prelim
- Property ID: 003-262-013
Listed by Sotheby's International Realty
Sold by Santa Barbara Estates
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Schools
Schools serving 4928 8th St
School District:Carpinteria Unified School District
| Name | Grades | Distance |
|---|---|---|
Aliso Elementary School 4545 Carpinteria Avenue, Carpinteria, CA 93013 | K-5 | 0.4 mi |
Carpinteria Middle School 5351 Carpinteria Avenue, Carpinteria, CA 93013 | 6-8 | 0.3 mi |
Carpinteria Senior High School 4810 Foothill Road, Carpinteria, CA 93013 | 9-12 | 0.9 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 4928 8th St
Date
Details
Price
Change
Source
8/19/2026
Sold
$3,000,000
-6.25%
MLS
6/09/2026
Listed
$3,200,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
4928 8th Street, Carpinteria, CA 93013 (MLS# 26-1910) is a Single Family property that was sold at $3,000,000 on August 19, 2026. Want to learn more about 4928 8th Street? Do you have questions about finding other Single Family real estate for sale in Carpinteria? You can browse all Carpinteria real estate or contact a Coldwell Banker agent to request more information.

