440 Por La Mar Dr | Santa Barbara, CA 93103
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440 Por La Mar Dr
Santa Barbara, CA 93103
Soul and Sea Apartments · Multifamily Property For Sale
·
8 Units
INVESTMENT HIGHLIGHTS
- Very rare vacation rental property at Santa Barbara's East Beach, in a world-renowned vacation area
- Tasteful upgrades and beach-vibe furnishings are included in sale, and ready for the next owner to incorporate in their operations
- Seller has recently re-positioned the property, with 5 of the 8 apartments either now on-line or coming on-line as vacation rentals
- Capture a high cap rate by the beach in Santa Barbara
PROPERTY FACTS
| No. Units | 8 | Lot Size | 0.25 AC |
| Property Type | Multifamily | Building Size | 7,006 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1957 |
| Building Class | C | Parking Ratio | 1.14/1,000 SF |
| Zoning | R4, SD3 - Coastal Zone, R-4 Zone. In these zones, hotels are allowed, and currently short-term rentals have been allowed to operate. Buyer to verify. | ||
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.25 AC |
| Building Size | 7,006 SF |
| No. Stories | 2 |
| Year Built | 1957 |
| Parking Ratio | 1.14/1,000 SF |
| Zoning | R4, SD3 - Coastal Zone, R-4 Zone. In these zones, hotels are allowed, and currently short-term rentals have been allowed to operate. Buyer to verify. |
AMENITIES
SITE AMENITIES
- Courtyard
- Fenced Lot
- Gated
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 8 | - | 860 |
PROPERTY TAXES
| Parcel Number | 017-322-006 | Improvements Assessment | $2,142,086 |
| Land Assessment | $1,517,371 | Total Assessment | $3,659,457 |
PROPERTY TAXES
Parcel Number
017-322-006
Land Assessment
$1,517,371
Improvements Assessment
$2,142,086
Total Assessment
$3,659,457
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