440 Por La Mar Drive, Santa Barbara, CA 93103

Santa Barbara
Local realty services provided by:Better Homes and Gardens Real Estate Property Shoppe
440 Por La Mar Drive,Santa Barbara, CA 93103
$8,700,000
  • - Beds
  • - Baths
  • 7,006 sq. ft.
  • Multi-family
  • Active
Listed by: ken switzer
Office: berkshire hathaway homeservices california properties
MLS#:26-1303
Source:SBAOR

Price summary

  • Price:$8,700,000
  • Price per sq. ft.:$1,241.79

About this home

This ultra-rare waterfront-area 8-unit multi-family offering is just a few steps to Santa Barbara's best beach East Beach, and has been recently re-positioned for higher investor return potential. The property now has an investor-friendly 6 of 8 units under landlord control, almost impossible to find today. The apartments are all large 2-bed/1-bath, and at ~860sf each, big enough to support a 2nd bath addition for high-end luxury conversion. The units are currently held as mostly upgraded and furnished vacation rentals, in order to maintain maximum flexibility for the future for the next owner, while providing immediate cash flow. Offering Memorandum in Documents show pro-forma financials, and profitability as long-term beach-area luxury rentals should short-term rental use be curtailed.

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Home facts

  • Year built:1957
  • Listing ID #:26-1303
  • Added:1 day(s) ago
  • Updated:April 22, 2026 at 08:56 PM

Rooms and interior

  • Flooring:Tile
  • Living area:7,006 sq. ft.

Heating and cooling

  • Heating:Heating, Wall Furnace

Structure and exterior

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

Schools

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

Finances and disclosures

  • Price:$8,700,000
  • Price per sq. ft.:$1,241.79

Features and amenities

  • Laundry features:In Unit, Laundry Room
Based on information from the Santa Barbara MLS as of April 23, 2026 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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