440 Corona Del Mar, Santa Barbara, CA 93103, Santa Barbara, 93103 - 18 bed, 14 bath
ACTIVE$8,995,000/sqft
440 Corona Del Mar, Santa Barbara, CA 93103
18Beds
14Baths
Sqft
10,454Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Prime Coastal Location: Situated in the 'incomparable East Beach neighborhood, one block from the Pacific Ocean,' offering premium desirability for tenants and guests.
Top Cons:
MLS Listing Discrepancy: Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 18, other record bedroom count = 2.
Compared to the nearby listings
Compared against 0 nearby listings
More Insights
Built in 1957 (69 years old).
Condition: The property, built in 1957, has undergone extensive and recent renovations, as evidenced by the modern kitchens and bathrooms across multiple units. Kitchens feature white or light grey shaker cabinets, stainless steel appliances, and contemporary countertops. Bathrooms are largely updated with modern vanities, fixtures, and stylish tiling (marble-look, subway, or decorative patterns). Flooring is predominantly wood-look laminate/engineered wood, and lighting includes recessed lights and modern ceiling fans. While the overall aesthetic is very clean, modern, and move-in ready, the underlying infrastructure is from 1957, and a few minor variations in renovation style (e.g., one bathroom with older mosaic tile) suggest the renovations, while extensive, may not be uniformly 'virtually new' across all components or within the last 5 years to qualify for an 'Excellent' score. It comfortably fits the 'Good' category, indicating a property extensively renovated within the last 5 to 15 years, with well-maintained systems and minimal wear and tear.
Year Built
1957
Close
-
List price
$8.99M
Original List price
-
Price/Sqft
$0
HOA
$0
Days on market
-
Sold On
-
MLS number
25611189
Home ConditionGood
Features
Good View:
Deck
View-
About this home
This is an incredible Santa Barbara Shores opportunity! Rarely available, this updated and meticulously kept 9+ unit luxury multi-family property very close to East Beach includes an extra-large owners' unit facing the water. Four apartments have 2 bedrooms / 2 baths; 4 have 2 bedrooms /1 bath; 1 has 1 bedroom / 1 bath; and there is an extra manager's studio. The property features 9 separate single car garages along with storage closets for each apartment. Clean, spacious, beautiful, and modern, every unit in this building is desirable. The incomparable East Beach neighborhood one block from the Pacific Ocean is a rare opportunity for buyers. There is plenty of potential on this R-4 lot in what may become one of the only short term neighborhoods in town. Serious inquiries only.
J
John Thyne
Listing Agent
Condition Rating
Good
The property, built in 1957, has undergone extensive and recent renovations, as evidenced by the modern kitchens and bathrooms across multiple units. Kitchens feature white or light grey shaker cabinets, stainless steel appliances, and contemporary countertops. Bathrooms are largely updated with modern vanities, fixtures, and stylish tiling (marble-look, subway, or decorative patterns). Flooring is predominantly wood-look laminate/engineered wood, and lighting includes recessed lights and modern ceiling fans. While the overall aesthetic is very clean, modern, and move-in ready, the underlying infrastructure is from 1957, and a few minor variations in renovation style (e.g., one bathroom with older mosaic tile) suggest the renovations, while extensive, may not be uniformly 'virtually new' across all components or within the last 5 years to qualify for an 'Excellent' score. It comfortably fits the 'Good' category, indicating a property extensively renovated within the last 5 to 15 years, with well-maintained systems and minimal wear and tear.
Pros & Cons
Pros
Prime Coastal Location: Situated in the 'incomparable East Beach neighborhood, one block from the Pacific Ocean,' offering premium desirability for tenants and guests.
Significant Income & Short-Term Rental Upside: A 9+ unit multi-family property with R-4 zoning, poised for potential high-yield short-term rentals in a market where such opportunities may become scarce.
Exceptional Property Condition & Amenities: Described as 'updated and meticulously kept,' with 'clean, spacious, beautiful, and modern' units, complemented by 9 separate single-car garages and individual storage.
Rare Multi-Family Investment Opportunity: A 'rarely available' luxury multi-family asset in a highly sought-after Santa Barbara market, indicating strong demand and limited competition.
Premium Owner's Unit with Water View: Includes an 'extra-large owners' unit facing the water,' providing a significant value-add for owner-occupancy or a high-end rental.
Cons
MLS Listing Discrepancy: Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 18, other record bedroom count = 2.
Substantial Capital Investment Required: The list price of $8.995 million represents a very high entry cost, narrowing the potential buyer pool.
Age of Construction: Built in 1957, despite being updated, the underlying infrastructure of an older building may eventually require significant capital expenditures for major systems.
Uncertainty of Short-Term Rental Regulations: The 'may become one of the only short term neighborhoods' suggests that the lucrative short-term rental potential is contingent on future regulatory changes, introducing an element of risk.