421 S Milpas St - Hospitality FOR SALE


Santa Barbara, CA 93103- East Beach
$6,500,000 USD
805-705-1149
421 S Milpas St, Santa Barbara, CA for Sale
$6,500,000 USD
Hospitality - FOR SALE
1/10
null | 6% Cap Rate

421 S Milpas St
Santa Barbara, CA 93103
East Beach


HIGHLIGHTS

  • Prime Coastal Location- Steps from the beach in Santa Barbara, one of California’s most desirable coastal markets.
  • Turnkey Boutique Hotel- Fully renovated property blending timeless charm with modern upgrades.
  • Strong Income & Growth Potential- Established in-place income with opportunity to add an additional key and capture future upside.
  • High-Demand Tourism Market- Positioned to capitalize on Santa Barbara’s robust year-round tourism demand.

OVERVIEW

Colliers is pleased to present the Blue Sands Inn, a boutique coastal hotel located steps from the beach in Santa Barbara. This turnkey investment opportunity combines timeless charm with modern upgrades, offering strong in-place income and future upside. This rare offering provides investors with a well-located, fully renovated asset in one of California’s most desirable coastal markets. With potential to add an additional key and capitalize on Santa Barbara’s robust tourism demand, Blue Sands Inn is a compelling opportunity for hospitality investors.

FOR SALE DETAILS

PRICE

$6,500,000 USD

PRICE/SF

$1,098 USD /SF

# OF ROOMS

12

PRICE/ROOM

$541,667 {currency}

CAP RATE

6%

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Blue Sands Inn

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

B

YEAR BUILT

1954

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,583 SF

ZONING

HRC-1/S-D-3

APN/PARCEL ID

017-313-012

ASK ABOUT THIS PROPERTY

Austin HerlihyRadius Commercial Real Estate & InvestmentsMore Info
805-705-1149

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Austin HerlihyRadius Commercial Real Estate & InvestmentsMore Info
805-705-1149

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.