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31303304

421 S Milpas St, Santa Barbara, CA 93103 For Sale

DK
CA CA 00865269
Western Hotel Brokers
Listed by Western Hotel Brokers
$6,495,000
114 days on market
Updated 67 days ago

The Blue Sands Inn

Details
APN 017-313-012
Property Type Hospitality
Sub Type Hotel
Square Footage 5,918
Keys 12
Price per SqFt $1,098
Year Built 1954
Year Renovated 2017
Acreage 0.220
Zoning HRC-1/S-D-3
Investment Type Stabilized
Ground Lease No

Hospitality | 12 Keys | $541,250/key

Marketing description

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

Investment highlights

Prime Coastal Location – Just steps from East Beach

Strong Income & Upside Potential – Stable in-place income with the opportunity to add an additional key.

High-Demand Tourism Market – Well-positioned to benefit from Santa Barbara’s strong, year-round tourism demand.

Listing Contacts

DK
CA CA 00865269
Western Hotel Brokers
Listed by Western Hotel Brokers

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Additional Information

Name
Deborah King
License
CA 00865269
Brokerage
Western Hotel Brokers
Title
Attorney/Broker
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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