440 Por La Mar Drive, Santa Barbara, CA 93103 - Berkshire Hathaway HomeServices California Properties

Photo of Jesse Hlubik

Jesse Hlubik REALTOR® - Sales Associate 310-890-6928 m
310-890-6928 o
Lic#: 01801928
NRDS ID: 207054480
Jesse@HomeSearchLA.com Sherman Oaks Office
14141 Ventura Blvd., Ste. 8
Sherman Oaks, CA 91423
Phone: 818-528-3200
Fax: 818-386-9007

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Agent Remarks

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.

Listing Details

Property type: (Residential Income)

Status: Active

MLS# 25-2657

List price is $8,500,000

Beds: 0

Baths: 0

Built in 1957

2 stories

10890.00 acres

Lot size: 0.2500

Subdivision: 15 - East Beach