4956 5th Street

Carpinteria, CA 93013

$4,000,000
Last Sold Price
5
Beds
12
Baths
6,950 Sq. Ft.
$576 / Sq. Ft.
6,950
Sq. Ft.
$576
per Sq. Ft.

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...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. 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. Do Not Disturb Tenants or Walk on Property Without Agent's Permission. Property is being sold "As-Is, Where-Is".
  1. Listed by Christos Celmayster • DRE #01342996 • Brokerage DRE #02017017 • Hayes Commercial Group, Inc.

Property Details for 4956 5th Street

Parking Spaces Total
12
Private Pool
No
Total Units
7.0
Building Type
Attached
Lot Size Source
Public Records
Living Area
6950
Assessor Parcel Number
003-312-012
Property Attached YN
true

Location

Listing Courtesy of Hayes Commercial Group, Inc., Christos Celmayster, DRE #01342996

Sold By NONMEMBER MRML, General NONMEMBER, DRE #01349311

Add your commute
LISTING UPDATED: 07/28/2023 02:35 AM

Property Details for 4956 5th Street

StatusClosed
MLS #SC23069199
Days on Market61
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1900
Lot Size0.20 AC / 8,712 SF
CountySanta Barbara County

Location

Listing Courtesy of Hayes Commercial Group, Inc., Christos Celmayster, DRE #01342996

Sold By NONMEMBER MRML, General NONMEMBER, DRE #01349311

Add your commute

Building Information for 4956 5th Street

Stories2Residences-Year Built1900Building Size-Lot Size0.20 AC / 8,712 SF

Payment Calculator

$24,785 per month

30 year fixed, 7.25% Interest

Principal and Interest

$21,830

Property Taxes

$2,955

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 4956 5th Street

Income / Expense / Tax Details
Income Details
  • Gross Income: $4,400
  • Gross Scheduled Income: $268,352
  • Vacancy Allowance: 5367
  • Gross Operating Income: $262,985
  • Net Operating Income: $167,451
  • Number Of Rented Garages: 3600
  • Laundry Income: $800
  • Gross Multiplier: 15.74
  • Cap Rate: 3.96
  • Financing: Cash
Expense Details
  • Operating Expense: $95,533
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $0
  • Professional Management Expense: $0
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $95,533
Tax / Assessment Info
  • Tax Block: 32
  • Tax Census Tract: 16.04
  • CFD/Mello-Roos Fee: $0
  • Tax Lot: 20F
Community / Development
Community / Development
  • Community Features: Park
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Common Area
  • Laundry Equipment Own Lease: Lease
Exterior Features
  • Entry Location: Multiple
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Additional Parcels Description: 003312013
  • Lot Features: 6-10 Units/Acre
  • Lot Location: Near Bus, Near Ocean, Near Park(s), Near School(s), Near Shopping
  • Number Of Units: 7
  • Land Lease: No
  • Land Lease Type: Fee
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 3
  • Uncovered Spaces: 5
  • Open Other Spaces Total: 5
  • Parking Garage Spaces: 3
  • Carport Spaces: 4
Unit Information
Unit 1
  • Unit Type Units Total: 5
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $16,396
  • Unit Type Total Rent: $16,396
  • Unit Type Pro Forma: 21300
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 2
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $5,600
  • Unit Type Total Rent: $5,600
  • Unit Type Pro Forma: 6800
  • Unit Type Type: 2
Unit Information
  • Number Of Units Leased: 5
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 1

Property History for 4956 5th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 4956 5th Street

Taxable ValueLand$992,525Additions$1,829,175Total$2,821,700
Tax Record2023$35,465 ($2,955 / month)
Home Facts
Lot Size8,712 SqFtStyleMulti-Family Res (5+ Units)CountySANTA BARBARAAPN003-312-012

Schools near 4956 5th Street

This home is within Carpinteria Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 5
Rating
School
Distance
Aliso Elementary School
PublicK to 5

Carpinteria Middle School
Public6 to 8

Carpinteria Senior High School
Public9 to 12

Carpinteria Family School
PublicK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Hayes Commercial Group, Inc., Christos Celmayster, DRE #01342996

Based on information from one of the following Multiple Listing Services: Santa Barbara MLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Santa Barbara MLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.