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Blue Sands Inn 421 S Milpas St 12 Room Hotel Santa Barbara, CA 93103 $9,393,975 CAD ($782,831 CAD/Room)
Investment Highlights
- Prime Coastal Location- Steps from the beach in Santa Barbara, one of California’s most desirable coastal markets.
- Strong Income & Growth Potential- Established in-place income with opportunity to add an additional key and capture future upside.
- Turnkey Boutique Hotel- Fully renovated property blending timeless charm with modern upgrades.
- High-Demand Tourism Market- Positioned to capitalize on Santa Barbara’s robust year-round tourism demand.
Executive Summary
Western Hotel Brokers presents Blue Sands Inn, a boutique hospitality investment opportunity in Santa Barbara, featuring a 12-key property with full entitlements for the potential addition of a 13th key. The asset can continue operating in its current configuration, providing flexibility for a buyer to implement improvements over time or pursue a repositioning strategy aligned with their vision.
Located near East Beach and Santa Barbara’s primary tourism corridors, the property benefits from strong year-round demand and limited new hotel supply. The existing entitlements provide a clear path to enhance the asset, increase room count, and drive ADR growth in one of California’s most desirable coastal markets.
Do not disturb management. Call for details or to schedule a showing: 805-807-1782
Located near East Beach and Santa Barbara’s primary tourism corridors, the property benefits from strong year-round demand and limited new hotel supply. The existing entitlements provide a clear path to enhance the asset, increase room count, and drive ADR growth in one of California’s most desirable coastal markets.
Do not disturb management. Call for details or to schedule a showing: 805-807-1782
Property Facts
| Price | $9,393,975 CAD | Building Size | 5,918 SF |
| Price Per Room | $782,831 CAD | No. Rooms | 12 |
| Sale Type | Investment | No. Stories | 2 |
| Property Type | Hospitality | Year Built/Renovated | 1954/2017 |
| Property Subtype | Hotel | Tenancy | Single |
| Building Class | B | Parking Ratio | 1.72/1,000 SF |
| Lot Size | 0.22 AC | Corridor | Exterior |
| Zoning | HRC-1/S-D-3 | ||
| Price | $9,393,975 CAD |
| Price Per Room | $782,831 CAD |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 0.22 AC |
| Building Size | 5,918 SF |
| No. Rooms | 12 |
| No. Stories | 2 |
| Year Built/Renovated | 1954/2017 |
| Tenancy | Single |
| Parking Ratio | 1.72/1,000 SF |
| Corridor | Exterior |
| Zoning | HRC-1/S-D-3 |
Amenities
- Pool
- High Speed Internet Access
- Patio
- Boutique/Lifestyle Hotel
- Public Access Wifi
- Smoke-Free
- Fully-Equipped Kitchen
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 2 | $381.33 CAD | - |
| Guest Room | 10 | $311.74 CAD | - |
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 017-313-012 | Improvements Assessment | $5,129,621 CAD |
| Land Assessment | $3,609,694 CAD | Total Assessment | $8,739,314 CAD |
Property Taxes
Parcel Number
017-313-012
Land Assessment
$3,609,694 CAD
Improvements Assessment
$5,129,621 CAD
Total Assessment
$8,739,314 CAD
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Blue Sands Inn | 421 S Milpas St
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