Date
Details
Price
Change
Source
4/22/2026
Listed
$8,700,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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$8,700,000 Just Listed
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Property Description
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.
Full Property Details
Full Property Details for 440 Por La Mar Dr
General
- Price: $8,700,000
- Status: Active
- Type: Multi-Family
- Source: SBAOR
- MLS ID: 26-1303
- Updated: 4/22/2026
- Added to Site: 5 day(s) ago
Interior
- Flooring: Tile
Rooms
Other Rooms
- Laundry: Laundry Room, In Unit
Parking
- Parking Features: Outside
Location
- Area: 15 - SB/EAST OF STATE
- County: Santa Barbara
- Subdivision: 15 - East Beach
- Cross Streets: Orilla Del Mar
School Information
- Elementary School: Franklin
- Middle School: S.B. Jr.
- High School: S.B. Sr.
Structural Information
- Square Feet: 7,006
- Living Area: 7,006 Sq. Ft.
- Year Built: 1957
- Property Condition: Excellent, Good
Lot Features
- Lot Size (Acres): 0.25
- Lot Size (Sq. Ft.): 10,890
- Lot Size: 10890
- Lot Features: Near Public Transit
- Zoning: R-4
Financial Considerations
- Terms: Cash, Conventional
Disclosures and Reports
- Property ID: 017-322-006
Listed by Berkshire Hathaway HomeServices California Properties
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— 440 Por La Mar Dr —
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Schools
Schools serving 440 Por La Mar Dr
School District:Santa Barbara Unified School District
| Name | Grades | Distance |
|---|---|---|
Cleveland Elementary School, Santa Barbara, CA 123 Alameda Padre Serra, Santa Barbara, CA 93103 | PK-6 | 0.7 mi |
Santa Barbara Junior High School 721 East Cota Street, Santa Barbara, CA 93103 | 7-8 | 1.1 mi |
Santa Barbara Senior High School 700 East Anapamu Street, Santa Barbara, CA 93103 | 9-12 | 1.7 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 440 Por La Mar Dr
Tax History
Tax History for 440 Por La Mar Dr
Year
Property Taxes
Change
Tax Assessment
Change
2025
$27,841
2%
$2,634,693
2%
2024
$27,366
2%
$2,583,122
2%
2023
$26,870
2%
$2,532,562
2%
2022
$26,410
2%
$2,482,993
2%
2021
$25,805
1%
$2,434,396
1%
2020
$25,540
2%
$2,409,482
2%
2019
$25,096
1%
$2,357,827
2%
2018
$24,743
3%
$2,311,596
2%
2017
$23,927
3%
$2,266,271
2%
2016
$23,318
1%
$2,221,836
2%
2015
$23,063
2%
$2,188,462
2%
2014
$22,684
—
$2,145,594
—
2013
$22,582
—
$2,140,398
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 440 Por La Mar Dr
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- Single Family
- Active
- Updated 4 days ago
- 5Beds
- 9Total Baths
- 11,740Sq. Ft.
- Single Family
- Active
- Updated 1 hour ago
- 7Beds
- 9Total Baths
- 6,909Sq. Ft.
- Single Family
- Active
- Updated 2 days ago
- 8Beds
- 14Total Baths
- 13,629Sq. Ft.
- Single Family
- Active
- Updated 5 days ago
- 4Beds
- 4Total Baths
- 3,770Sq. Ft.
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- Single Family
- Active
- Updated 1 day ago
- 3Beds
- 4Total Baths
- 4,981Sq. Ft.
- Single Family
- Active
- Updated 6 days ago
- 3Beds
- 2Total Baths
- 1,816Sq. Ft.
- Condo
- Active
- Updated 6 days ago
- 2Beds
- 1Total Bath
- 656Sq. Ft.
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440 Por La Mar Drive, Santa Barbara, CA 93103 (MLS# 26-1303) is a Multi-Family property with 8 units containing 0 bedrooms and 0 full bathrooms. 440 Por La Mar Drive is currently listed for $8,700,000 and was received on April 22, 2026. Want to learn more about 440 Por La Mar Drive? Do you have questions about finding other Multi-Family real estate for sale in East Of State? You can browse all East Of State real estate or contact a Coldwell Banker agent to request more information.