Active
$6,495,000
421 S Milpas St · Santa Barbara
$6k sqft0.22 ac lotBuilt 1954APN 017-313-012
HospitalityZoned C-2Owner-occupied
ABOUT THIS PROPERTY
Blue Sands Inn is a boutique hospitality investment opportunity in Santa Barbara, featuring a 12-key property with full entitlements for the potential addition of a 13th key. Asset can continue operating in its current configuration, providing flexibility for a buyer to implement improvements over time or pursue a repositioning strategy. Located near East Beach and Santa Barbara's primary tourism corridors, benefiting from strong year-round demand and limited new hotel supply. 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.
FINANCIALS
Price per sqft$1097/sqft
Advanced cap rate expansion / NOI modeling coming soon in the Commercial Analysis tool.
PROPERTY SPECIFICS
Units / keys
12
PARCEL BOUNDARY
View parcel outline on SB County GIS
APN 017-313-012
Commercial investment analysis
Full cap rate expansion, NOI modeling, 10-year cash flow projection, and exit strategies coming to Mondos this fall.
Listed by Western Hotel Brokers, Inc. · MLS 26-1330