5387 8th St 4 Unit Apartment Building $1,997,000 ($499,250/Unit) Carpinteria, CA 93013

5387 8th Street presents a rare opportunity to acquire a centrally located Carpinteria fourplex, just two walkable blocks from the
“World’s Safest Beach” and approximately 0.5 mi from Linden Avenue’s vibrant retail and dining corridor.
The property consists of (2) 1BD/1BA units and (2) studio units with a pay-per-use laundry room, carport parking accessed via
a rear alley, and a detached single-car garage. Unit C, the largest one-bedroom unit, and Unit D, a studio, are currently vacant
offering immediate opportunity to lease up units at market rate or an owner-occupant to utilize this vacant one-bedroom unit as a
residence or vacation retreat. Additionally, the garage and carport areas may present potential for ADU conversion, subject to city
review and approvals.
The site has benefited from several recent capital improvements, including the installation of foundation retrofit plates for enhanced
seismic stability in 2025, as well as a new electrical main panel and sub panel in the garage, a gas meter, and two tankless water
heaters installed in 2021. Select units have been updated within the past five years with new wall heaters, vinyl plank flooring, and
interior finishes.
Don’t miss this compelling opportunity to acquire a well-located, income-producing asset in the supply constrained coastal
market of Carpinteria.
**Buyer to verify SF and any ADU conversion potential. SF is per owner and includes garage and laundry room area
**GRM based on assumed market rent for 2 units that are currently vacant