421 S Milpas St - Hospitality FOR SALE


Santa Barbara, CA 93103- East Beach
$6,750,000 USD
805-807-1782
421 S Milpas St, Santa Barbara, CA for Sale
$6,750,000 USD
Hospitality - FOR SALE
1/10
null | Request 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

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

FOR SALE DETAILS

PRICE

$6,750,000 USD

PRICE/SF

$1,141 USD /SF

# OF ROOMS

12

PRICE/ROOM

$562,500 {currency}

CAP RATE

Request Cap Rate

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

Deborah KingDeborah KingMore Info
805-807-1782

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Deborah KingDeborah KingMore Info
805-807-1782

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