$8,700,000
$200K PRICE INCREASE

440 Por La Mar Dr Santa Barbara, CA 93103

East Beach Neighborhood

Estimated payment $56,012/month

Total Views 412
-- Bed
-- Bath
7,006 Sq Ft
$1,242 Price per Sq Ft

Highlights

  • Property is near an ocean
  • 0.25 Acre Lot
  • Furnished
  • Santa Barbara Senior High School Rated A-
  • Property is near a park
  • 1-minute walk to Dwight Murphy Park

About This Home

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.

Listing Agent

Ken Switzer

Berkshire Hathaway HomeServices California Properties License #01245644 Listed on: 08/25/2025

Berkshire Hathaway HomeServices California Properties

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1957

Lot Details

  • 0.25 Acre Lot
  • Property is in excellent condition

Interior Spaces

  • 7,006 Sq Ft Home
  • 2-Story Property
  • Furnished
  • Tile Flooring
  • Laundry Room

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces

Outdoor Features

  • Property is near an ocean

Location

  • Property is near a park
  • Property is near public transit
  • Property is near a bus stop

Schools

  • Franklin Elementary School
  • S.B. Jr. Middle School
  • S.B. Sr. High School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Individual Gas Meter

Community Details

  • 8 Units
  • 15 East Beach Subdivision

Listing and Financial Details

  • Assessor Parcel Number 017-322-006

Property Details

Home Type

Multi-Family

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1957
  • Meters Sep Meter Elec: Y
  • Meters Sep Meter Gas: Yes
  • Meters Sep Meter Wtr: N
  • Miscellaneous Parking Spaces: 8.0
  • Building Stories: 2
  • ResoLaundryFeatures: Laundry Room, In Unit
  • ResoLotFeatures: Near Public Transit
  • Subdivision Name: 15 - East Beach
  • Reso Flooring: Tile
  • New Construction: No
  • Reso Property Condition: Excellent, Good
  • Property Information Year Built2: 1957
  • Property Information Apx # Acres: 0.25
  • NeighborhoodSchools Elementary School: Franklin
  • NeighborhoodSchools Junior High School: S.B. Jr.
  • NeighborhoodSchools High School: S.B. Sr.
  • Condo:Laundry in Unit: Yes
  • HeatingCooling Wall3: Yes
  • Parking Info Uncovered: Yes
  • Parking Info Total # Unconvered Spaces: 8.0
  • Condition Excellent: Yes
  • Proximity Near Ocean2: Yes
  • Proximity Near Park(s)2: Yes
  • Laundry Laundry Room2: Yes
  • FlrWdw Coverings Tile3: Yes
  • Property Information Main House SqFt: 7006.0
  • Property Information Apx Lot SqFt: 10890.0
  • Condition Good2: Yes
  • Proximity Near Bus: Yes
  • General Property Information Stories2: 2.0
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Exterior Features

  • Acres: 0.25

Garage/Parking

  • Open Parking Spaces: 8.0
  • Parking Features: Uncovered
  • Total Parking Spaces: 8.0

Schools

  • Elementary School: Franklin
  • High School: S.B. Sr.
  • Middle Or Junior School: S.B. Jr.

Lot Info

  • Parcel #: 017-322-006
  • Zoning: R-4
  • Lot Size Sq Ft: 10890.0

Rental Info

  • Owner Pays: Trash Collection, Water

Multi Family

  • Number Of Units Total: 8

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/25/2025 08/25/25 Price Changed $8,700,000 0.0% $1,242 / Sq Ft
08/25/2025 08/25/25 For Sale $8,700,000 +2.4% $1,242 / Sq Ft
08/19/2025 08/19/25 Off Market $8,500,000 -- --
07/10/2025 07/10/25 For Sale $8,500,000 -- $1,213 / Sq Ft
Source: Santa Barbara Multiple Listing Service

Source: Santa Barbara Multiple Listing Service

MLS Number: 25-2657

Santa Barbara Multiple Listing Service
California Santa Barbara County Santa Barbara 93103 East Beach

440 Por La Mar Dr, Santa Barbara, CA

This home is located at 440 Por La Mar Dr, Santa Barbara, CA 93103 and is currently priced at $8,700,000, approximately $1,241 per square foot. This property was built in 1957. 440 Por La Mar Dr is a home located in Santa Barbara County with nearby schools including Cleveland Elementary School, Santa Barbara Junior High School, and Santa Barbara Senior High School.

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Listing Agent
Ken Switzer
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Berkshire Hathaway HomeServices California Properties
(805) 439-9963