4928 8th Street, Carpinteria, CA 93013
Local realty services provided by:CENTURY 21 Masters
Listed by: nancy hussey
Office: sotheby's international realty
MLS#:26-1804
Source:SBAOR
Price summary
- Price:$3,200,000
About this home

4928 8th Street offers a 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 upon launch. 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.
Offered at only $3,200,000, 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....
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Home facts
- Year built:1940
- Listing ID #:26-1804
- Added:59 day(s) ago
- Updated:July 30, 2026 at 07:59 AM
Rooms and interior
- Flooring:Hardwood, Tile
Heating and cooling
- Heating:Forced Air, Heating
Structure and exterior
- Year built:1940
- Lot area:0.22 Acres
- Lot Features:Near Public Transit
- Foundation Description:Mixed
Schools
- High school:Carp. Sr.
- Middle school:Carp. Jr.
- Elementary school:Canalino
Finances and disclosures
- Price:$3,200,000
Features and amenities
- Laundry features:Bldg, In Unit, Laundry Room
Parking
- Parking description:Attached, Attached Garage
- Garage:Yes
- Garage spaces:5
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