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Blue Sands Inn 421 S Milpas St 12 Room Hotel Santa Barbara, CA 93103 $6,500,000 ($541,667/Room) 6% Cap Rate
Investment Highlights
- Prime Coastal Location- Steps from the beach in Santa Barbara, one of California’s most desirable coastal markets.
- Strong Income & Growth Potential- Established in-place income with opportunity to add an additional key and capture future upside.
- Turnkey Boutique Hotel- Fully renovated property blending timeless charm with modern upgrades.
- High-Demand Tourism Market- Positioned to capitalize on Santa Barbara’s robust year-round tourism demand.
Executive Summary
Colliers is pleased to present the Blue Sands Inn, a boutique coastal hotel located steps from the beach in Santa Barbara. This turnkey investment opportunity combines timeless charm with modern upgrades, offering strong in-place income and future upside. This rare offering provides investors with a well-located, fully renovated asset in one of California’s most desirable coastal markets. With potential to add an additional key and capitalize on Santa Barbara’s robust tourism demand, Blue Sands Inn is a compelling opportunity for hospitality investors.
Property Facts
| Price | $6,500,000 | Building Size | 5,918 SF |
| Price Per Room | $541,667 | No. Rooms | 12 |
| Sale Type | Investment | No. Stories | 2 |
| Cap Rate | 6% | Year Built/Renovated | 1954/2017 |
| Property Type | Hospitality | Tenancy | Single |
| Property Subtype | Hotel | Parking Ratio | 1.72/1,000 SF |
| Building Class | B | Corridor | Exterior |
| Lot Size | 0.22 AC | ||
| Zoning | HRC-1/S-D-3 | ||
| Price | $6,500,000 |
| Price Per Room | $541,667 |
| Sale Type | Investment |
| Cap Rate | 6% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 0.22 AC |
| Building Size | 5,918 SF |
| No. Rooms | 12 |
| No. Stories | 2 |
| Year Built/Renovated | 1954/2017 |
| Tenancy | Single |
| Parking Ratio | 1.72/1,000 SF |
| Corridor | Exterior |
| Zoning | HRC-1/S-D-3 |
Amenities
- Pool
- High Speed Internet Access
- Patio
- Boutique/Lifestyle Hotel
- Public Access Wifi
- Smoke-Free
- Fully-Equipped Kitchen
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 2 | $274.00 | - |
| Guest Room | 10 | $224.00 | - |
1 1
Walk Score®
Very Walkable (78)
Bike Score®
Biker's Paradise (91)
Property Taxes
| Parcel Number | 017-313-012 | Improvements Assessment | $3,696,198 |
| Land Assessment | $2,601,000 | Total Assessment | $6,297,198 |
Property Taxes
Parcel Number
017-313-012
Land Assessment
$2,601,000
Improvements Assessment
$3,696,198
Total Assessment
$6,297,198
Contacts
-
Austin Herlihy -
Chris Parker -
Miles Waters -
Mike Lopus -
Mike Chung -
Radius Commercial Real Estate & Investments
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