421 S Milpas Street, SANTA BARBARA, CA 93103
New Listing
$6,750,000
Property Type:
Commercial Sale
Square Footage:
5,918
Lot Size (sq. ft.):
9,583
Status:
Active
Current Price:
$6,750,000
List Date:
4/24/2026
Last Modified:
4/24/2026
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.
More Information MLS# 26-1330
Location Info
Country: US
Cross Street: E Cabrillo Blvd
District: 20 - SB/WEST OF STATE
Street #: 421
Dir: S
Street Name: Milpas
Street Suffix: Street
State: CA
Postal Code: 93103
County: Santa Barbara
Parcel Number: 017-313-012
Property Information
For Sale/Lease: For Sale
Year Built: 1954
Year Remodeled: 17
Stories: 2
#Offices: 1
Apx # Acres: 0.22
TYP: Business
Total SqFt.: 5918
Owner Info
Deposit: 3
Remarks
Hot Sheet Comment: new
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
Business Info
Doing Business As: Blue Sands Inn
Use
Other: 1
Zoning
Other: 1
Terms
Cash: 1
Conventional: 1
Listing Type
ER: 1
Business Type
Hotel/Motel: 1
Parking
Uncovrd: 1
Pub/Lot: 1
Franchise
No: 1
Real Estates Incl
Yes: 1
Contract Info
Current Price: $6,750,000
Price: 6750000
Begin Date: 2026-04-24
Status: Active
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: April - 24 - 2026
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