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$4,495,000
Accessible price point for A+ location apartments by Santa Barbara's waterfront and East Beach, openly for sale for the 1st time since built in 1958. Featuring 8 generous-sized units - 6 x 1-BR over 600 gross SF (meas.), plus 2 x 2-BR over 900 gross SF (meas.) - price is $562K/unit or $825/SF, well below market for the very limited multi-family inventory near the beach of one of world's most renowned coastal communities. Highlights include attractive landscaping around a central green courtyard, high vaulted wood beam ceilings in the 4 upstairs units, moderately updated interiors, and a long pride-of-ownership history. Opportunity for the patient investor to realize long-term cap rates far above historic cap rates for Santa Barbara's beach areas; see pro-forma in unbranded OM in Documents

412 Corona Del Mar, Santa Barbara

Listing courtesy of Berkshire Hathaway HomeServices California Properties.

$8,700,000
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.

440 Por La Mar Drive, Santa Barbara

Listing courtesy of Berkshire Hathaway HomeServices California Properties.

$1,549,000
2 Beds ⋅ 2 Baths
Experience effortless coastal living in this beautifully positioned ground-floor 2 bedroom, 2 bath villa in the highly sought-after El Escorial community. Designed for both comfort and connection to the outdoors, this residence offers easy, single-level access and an expansive private patio--perfect for morning coffee, sunset unwinding, or seamless indoor-outdoor entertaining. Filled with a relaxed beachside ambiance, the home invites you to slow down and settle into the rhythm of Santa Barbara living. Whether you're searching for a full-time coastal retreat or the ideal second home escape, this villa delivers both convenience and inspiration. Located just moments from the sand, this gated community offers resort-style amenities including pool, spa, tennis, fitness center, and beautifully maintained grounds--all contributing to a lifestyle that feels like a permanent vacation. Priced to sell, this is an exceptional opportunity to own a piece of the coast in one of the area's most desirable enclaves.

118 Por La Mar Circle, Santa Barbara

Listing courtesy of Compass.