Don't let this chance slip away--own a truly distinctive property brimming with endless potential right in the heart of Carpinteria. This special offering includes two detached homes, making it perfect for contractors, investors, or families who want flexibility, income potential, or room for multi-generational living.The main house features three bedrooms and two bathrooms, along with a spacious living room and kitchen for comfortable everyday living. You'll also find a carport, garage, and not one, but two storage sheds, giving you all the extra space you could need. The back house offers two bedrooms and one bathroom, as well as a cozy kitchen and living room, making it an ideal granny flat, guest house, or rental unit.Situated in a prime location, this property is just moments from pristine beaches, charming downtown shops, and top-rated elementary and high schools--all easily accessible by foot or bike. Enjoy the peace and quiet of a home set far enough from the freeway to avoid noise, yet close enough for convenient access.Whether you're a contractor looking for your next project, an investor seeking rental income, or a family wanting extra space, this property delivers endless opportunities. Build, renovate, or rent--this is your chance to make this exceptional property your own.This truly is a once-in-a-lifetime opportunity in one of Carpinteria's most desirable neighborhoods.
For sale
Listing Provided by:
Earl Rangel DRE #01460250 earl4re@gmail.com,
Coldwell Banker Realty
Price cut: $39K (8/13)
$1,384,000
5021 Alvarado St, Carpinteria, CA 93013
4beds
1,400sqft
Est.:
Single Family Residence
Built in 1947
5,662 Square Feet Lot
$1,377,600 Zestimate®
$989/sqft
$-- HOA
What's special
- 76 days
- on Zillow |
- 1,901 |
- 31 |
Zillow last checked: 7 hours ago
Listing updated: August 12, 2025 at 09:45pm
Listing Provided by:
Earl Rangel DRE #01460250 earl4re@gmail.com,
Coldwell Banker Realty
Source: CRMLS,MLS#: V1-30295
Originating MLS: California Regional MLS (Ventura & Pasadena-Foothills AORs)

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 3
Rooms
- Room types: Bedroom, Den, Family Room, Guest Quarters, Kitchen, Primary Bathroom, Primary Bedroom, Office
Bedroom
- Features: All Bedrooms Down
Heating
- Wall Furnace
Cooling
- None
Appliances
- Included: Free-Standing Range, Gas Oven, Microwave
- Laundry: Laundry Room
Features
- All Bedrooms Down
- Flooring: Carpet, Vinyl
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: No Common Walls
Interior area
- Total interior livable area: 1,400 sqft
Property
Parking
- Total spaces: 1
- Parking features: Driveway
- Attached garage spaces: 1
Features
- Levels: One
- Stories: 1
- Patio & porch: Rear Porch, Concrete
- Pool features: None
- Spa features: None
- Fencing: Masonry,Wood
- Has view: Yes
- View description: None
Lot
- Size: 5,662 Square Feet
- Features: Sprinklers None
Details
- Parcel number: 004006023
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Roof: Asphalt
Condition
- Year built: 1947
Utilities & green energy
- Sewer: Private Sewer
- Water: Public
- Utilities for property: Natural Gas Available, Sewer Connected, Water Connected
Community & HOA
Community
- Features: Street Lights, Sidewalks
- Security: Smoke Detector(s)
Location
- Region: Carpinteria
Financial & listing details
- Price per square foot: $989/sqft
- Date on market: 5/30/2025
- Listing terms: Cash,Cash to New Loan,Conventional
- Loading
- Loading