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Listed price in listed location currency (USD).
$8,700,000

008

MLS® 26-1303

  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Residential Income
Size 7006 sqft
Garage 
Taxes 
Days Active 27
Lot Size 
Approx. Age 1957
Avg. Price Per Sqft $1,241
MLS® Number 26-1303

Property Address: 440 Por La Mar Dr, SANTA BARBARA, CA, 93103-3728

Average square foot calculated using Size range provided by listing agent.

Description

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.
MLS® Number26-1303
Laundry LevelEnsuite
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1957
Basement
DrivewayOutside
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Apr 22, 2026List Date
$8,700,000List Price
  • Commute

Commute

Starting Address
Destination Address
440 Por La Mar Dr, Santa Barbara, CA

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