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  • 440 Por La Mar Drive

440 Por La Mar Drive, Santa Barbara, CA 93103

$8,700,000 Approx. USD 0 beds, 0 baths
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Photo of Sharon Miyahira

Sharon Miyahira REALTOR® - Sales Associate 805-444-5622 m
805-444-5622 o
Lic#: 01114829
NRDS ID: 211501887
SharonMiyahira@bhhscal.com Text Me
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Lic#: 01114829
NRDS ID: 211501887
SharonMiyahira@bhhscal.com Ventura Office
789 S. Victoria Ave., Suite 100
Ventura, CA 93003
Phone: 805-677-7300
Fax: 805-644-8278
 Ventura 789 S. Victoria Ave., Suite 100
Ventura, CA 93003
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Fax: 805-644-8278
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Listing Agent


Ken Switzer | KSwitzer@bhhscal.com
Lic#: 01245644
Broker: Courtesy of Berkshire Hathaway HomeServices California Properties

Agent Remarks

This ultra-rare waterfront-area 8-unit multi-family offering is just a few steps to Santa Barbara's best beach East Beach, and has been recently re-positioned for higher investor return potential. The property now has an investor-friendly 6 of 8 units under landlord control, almost impossible to find today. The apartments are all large 2-bed/1-bath, and at ~860sf each, big enough to support a 2nd bath addition for high-end luxury conversion. The units are currently held as mostly upgraded and furnished vacation rentals, in order to maintain maximum flexibility for the future for the next owner, while providing immediate cash flow. Offering Memorandum in Documents show pro-forma financials, and profitability as long-term beach-area luxury rentals should short-term rental use be curtailed.

Listing Details

Property type: (Multi-Family)
Status: Active
MLS# 26-1303
Price: $8,700,000
Beds: 0
Baths: 0
Built in 1957
2 stories
10890.00 acres
Lot size: 0.2500
Subdivision: 15 - East Beach
County: Santa Barbara
Zoning: R-4
Parking description: Outside
Lot description: Near Public Transit
Heating description: Wall Furnace
MLS area: 15 - SB/EAST OF STATE

Last Updated: 6/19/2026

 Days On Market (DOM): 58

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This listing belongs to the 15 - SB/EAST OF STATE MLS area

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Lat/Long: 34.418514, -119.670750.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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Photo of Sharon Miyahira

Sharon Miyahira REALTOR® - Sales Associate 805-444-5622 m
805-444-5622 o
Lic#: 01114829
NRDS ID: 211501887
SharonMiyahira@bhhscal.com Text Me
Call My Cell
Call My Office
Lic#: 01114829
NRDS ID: 211501887
SharonMiyahira@bhhscal.com
Ventura Office
789 S. Victoria Ave., Suite 100
Ventura, CA 93003
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