USACASanta Barbara15 - East Beach440 Por la Mar Dr
440 Por La Mar Dr, Home with 0 bedrooms, 0 bathrooms and 8 parking in SANTA BARBARA CA | Image 1
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$8,500,000

440 Por la Mar Dr, Santa Barbara, CA

Real Estate

For Sale

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  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Residential Income
Size 7006 sqft
Garage No
Maintenance Fees 
Taxes 
Days Active 5
Approx. Age 1957
Avg. Price Per Sqft $1,213
MLS® Number 25-2657

Property Address: 

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

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 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.Show Description
MLS® Number25-2657
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry LevelLaundry Room, In Unit
Exposure
Exterior
GarageNo
Approx. Age1957
Stories
Pets
Corp Number

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

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