A pair of local investors have purchased 764 & 784 Maple St, located on the corner of Maple and 8th Streets in downtown Carpinteria. The property consists of two houses on a 10,454 sq. ft. lot. Dan Moll and Christos Celmayster of Hayes Commercial Group represented the seller in the transaction. The property attracted numerous offers and sold for $1,300,000, which was 20 percent above the asking price.
The buyers are Carpinteria natives who aim to improve their hometown by renovating older residential properties in need of upgrades.
“It’s good to see the property remain in local hands with a personal investment in the community,” Dan Moll said. This represents the second sale of the year on Maple St for Moll, who represented all parties in the $5,000,000 sale of 500-550 Maple St in July.
The property’s location – one block from Linden Ave on 8th St – is its greatest selling point. “The advantage of a property in such a central location is that the owner has options,” Celmayster said. “Although the property is generating income as is, there is substantial potential for improvement which the new owners intend to pursue.”