5387 8th St 4 Unité Immeuble d’appartements 2 902 246 $ CAD (725 562 $ CAD/Unité) Carpinteria, CA 93013

5387 8th Street presents a rare opportunity to acquire a centrally located Carpinteria fourplex. 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, will be delivered vacant, offering an owner-occupant the flexibility to utilize the unit as a primary residence or vacation retreat while benefiting from a consistent stream of supplemental rental income, or re-tenanting in a high-demand rental market. Unit D, a studio, is scheduled to be delivered vacant on July 1, 2026. 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 coming up vacant