421 S Milpas Street, SANTA BARBARA, CA 93103 (MLS# 26-1330)

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421 S Milpas Street, SANTA BARBARA, CA 93103

$6,495,000

Property Type: Commercial Sale Square Footage: 5,918 Lot Size (sq. ft.): 9,583 Status: Active

Current Price: $6,495,000 List Date: 4/24/2026 Last Modified: 5/11/2026

Overview

Description

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. 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.

Listing Details MLS# 26-1330

Location Info

District: 20 - SB/WEST OF STATE
Street #: 421
Dir: S
Street Name: Milpas
Street Suffix: Street
State: CA
Country: US
Postal Code: 93103
County: Santa Barbara
Parcel Number: 017-313-012
Cross Street: E Cabrillo Blvd

Contract Info

Price: 6495000
Begin Date: 2026-04-24

Property Information

TYP: Business
For Sale/Lease: For Sale
Year Built: 1954
Year Remodeled: 17
Stories: 2
#Offices: Yes
Total SqFt.: 5918
Apx # Acres: 0.22

Owner Info

Deposit: 3

Remarks

Directions: From US-101 (N or S) Take Exit 96B for Milpas St toward Los Angeles/Beaches, head S on S Milpas Street toward the ocean. Continue for about 0.5 miles & the inn will be on your right
Hot Sheet Comment: price

Business Info

Doing Business As: Blue Sands Inn

More Information

Use

Other: Yes

Zoning

Other: Yes

Terms

Cash: Yes
Conventional: Yes

Listing Type

ER: Yes

Business Type

Hotel/Motel: Yes

Parking

Uncovrd: Yes
Pub/Lot: Yes

Franchise

No: Yes

Real Estates Incl

Yes: Yes

Property Features

Use: Other Business Type: Hotel/Motel Zoning: Other Parking: Uncovrd; Pub/Lot Franchise: No Real Estates Incl: Yes Terms: Cash; Conventional Listing Type: ER

Listing Office: Western Hotel Brokers, Inc.

Last Updated: May - 11 - 2026

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