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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.
IDX
Last Updated: April - 24 - 2026
The data relating to real estate for sale on this web site comes from the Internet Data Exchange Program of the Santa Barbara Multiple Listing Service. Real estate listings held by brokerage firms other than the displaying broker(s) are marked with the 'MLS' logo and detailed information about them includes the name of the listing brokers. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor displaying broker shall be responsible for any typographical errors, misinformation, or misprints. 2015 Santa Barbara Multiple Listing Service. All rights reserved.

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