CA > Santa Barbara > 15 - East Beach
Santa Barbara, CA 93103,440 Por La Mar DR Drive
Santa Barbara, CA 93103,440 Por La Mar DR Drive
Santa Barbara, CA 93103,440 Por La Mar DR Drive
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$8,700,000
Est. payment /mo
7,006 SqFt
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Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 7,006 sqft

Price per Sqft $1,241

Subdivision 15 - East Beach

MLS Listing ID 25-2657

Year Built 1957

Lot Size 10,890 Sqft

Acres 0.25

Lot Dimensions 10890.0

Source Santa Barbara Multiple Listing Service

Property Description

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 much higher investor returns. The property now has an investor-friendly 6 of 8 units under landlord control, almost impossible to find today. 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. The units 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.

Location

State CA

County Santa Barbara

Community 15 - East Beach

Interior

Laundry Laundry Room, In Unit

Exterior

Parking Features Uncovered

Building

Lot Description Near Public Transit

New Construction No

Others

Tax ID 017-322-006

Acceptable Financing Cash, Ctnl

Listing Terms Cash, Ctnl

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Listed by Berkshire Hathaway HomeServices California Properties
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"John takes great pride in helping his clients through every step of the buying and selling process. Leveraging two decades of experience in pre-construction, new home sales and market sales exclusive representation. his vast knowledge in brokering home sales within luxury communities and new developments has proven invaluable to his clients."

+1(310) 221-2910

johnherkenrath@epiquerealty.com

8383 Wilshire Blvd #800 Beverly Hills CA 90211

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