440 Por La Mar Drive, SANTA BARBARA, CA 93103

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440 Por La Mar Drive,SANTA BARBARA, CA 93103
$8,500,000
  • - Beds
  • - Baths
  • 7,006 sq. ft.
  • Multi-family
  • Active
Listed by:ken switzer
Office:berkshire hathaway homeservices california properties
MLS#:25-2657
Source:SBAOR

Price summary

  • Price:$8,500,000
  • Price per sq. ft.:$1,213.25

About this home

Ultra-rare waterfront-area 8-unit multi-family offering just a few steps to Santa Barbara's best beach East Beach, has been recently re-positioned for higher investor returns. Featuring all 2-BR units, the property has been transformed mainly to licensed shorter-term rentals in one of the premier vacation spots in the world. 5 of 8 units are under owner use control, and have been mostly updated and furnished; 3 units have started use as vacation rentals, with 2 more units scheduled to come on-line. Initial operational data, historical beach-area short-term rental rates, and comparable hospitality rates nearby for larger suites with kitchens, all help to confirm for a buyer the investment return potential. See unbranded Offering Memorandum in Documents for details and financial pro-forma.

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Home facts

  • Year built:1957
  • Listing Id #:25-2657
  • Added:35 day(s) ago
  • Updated:July 20, 2025 at 03:18 AM

Rooms and interior

  • Living area:7,006 sq. ft.

Structure and exterior

  • Year built:1957
  • Building area:7,006 sq. ft.
  • Lot area:0.25 Acres

Schools

  • High school:S.B. Sr.
  • Middle school:S.B. Jr.
  • Elementary school:Franklin

Finances and disclosures

  • Price:$8,500,000
  • Price per sq. ft.:$1,213.25
Based on information from the Santa Barbara MLS as of August 14, 2025 Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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