63
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$1,700,000
●
House -
For Sale
1387 Vallecito Place
Carpinteria, CA 93013
3 Beds
2 Baths
1,240 Ft²
$8,348
Est. Monthly
About This Property
This turnkey two-residence property in Carpinteria features a
move-in-ready, remodeled 2-bedroom, 1-bath main house and a
separate 1-bath studio ADU completed in late 2023. The main home
offers an updated kitchen with island, marble countertops, custom
cabinetry, wood floors, recessed lighting, and a cathedral-beamed
ceiling. The ADU features its own kitchen, laundry, and living
space.The private, gated, low-maintenance backyard and front
courtyard are designed for relaxed outdoor living, with a pool
completed in early 2022, mature landscaping, fountains, and a
hot-water outdoor shower. New roofs on all buildings and two
off-street parking spaces add to the property's turnkey
appeal.Ideally located about one mile from Carpinteria Beach and
half a mile from the village, with convenient access to shops,
restaurants, and the freeway.
Unit Size
1,240 Ft²
Days on Market
13 days
Land Size
0.11 acres
Price per sqft
$1,371
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1958
Listed By
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 13 days ago (CRMLS #V1-39108)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 5, 2026 | Listed by Redfin | $1,700,000 | |
| Listed by Redfin | |||
| Apr 13, 2024 | No longer available | - | |
| No longer available | |||
| Dec 2, 2023 | Listed by Pinnacle Estate Properties, Inc. | $1,779,000 | |
| Listed by Pinnacle Estate Properties, Inc. | |||
| | |||
|
Beautiful Carpinteria by the sea, two houses on one lot in the historic "Vallecito enclave" of Carpinteria! TURN-KEY PERFECTION from the front yard to the backyard to the breathtaking mountain views, this treasure is a sight to behold. Call/text Jim Pascucci DIRECT at 818-653-2691 for your private showing. The manager has listed the unit size as 1240 square feet.
| |||
Property Highlights
Fireplace
Parking Details
Has Open Parking
Parking Features: Driveway
Interior Details
Full Bathrooms: 2
Laundry Features: Laundry Closet
Fireplace Features: None
Exterior Details
Square Footage: 1240
Square Footage Source: $0
Year Built Source: Public Records
Year Built: 1958
Levels: One
Pool Features: In Ground
Pool is Private
Lot Size Area: 4792
Lot Size Units: Square Feet
Lot Size Acres: 0.11
Lot Size Square Feet: 4792
Water Source: Public
Utilities Details
Cooling Type: Wall/Window Unit(s)
Heating Type: Forced Air
Sewer : Public Sewer
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Vallecito Oaks
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Listed by: Heather Carranco, Redfin
Last Updated: 13 days ago
Data Source: CRMLS, MLS# V1-39108
Last Updated: 13 days ago
Data Source: CRMLS, MLS# V1-39108
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