412 Corona Del Mar, Santa Barbara, CA 93103 - Berkshire Hathaway HomeServices California Properties

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412 Corona Del Mar Santa Barbara, CA 93103

$4,395,000 0 beds, 0 baths
0 sqft

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Photo of Ken Switzer

Ken Switzer 805-680-4622 m
805-680-4622 o
Lic#: 01245644
NRDS ID: 199501059
KSwitzer@bhhscal.com Montecito Office
1170 Coast Village Rd
Montecito, CA 93108
Phone: 805-969-5026
Fax: 805-969-4982

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Agent Remarks

Accessible price point for A+ location apartments by Santa Barbara's waterfront and East Beach, openly for sale for the 1st time since built in 1958. Featuring 8 generous-sized units - 6 x 1-BR over 600 gross SF (meas.), plus 2 x 2-BR over 900 gross SF (meas.) - price is $550K/unit or $806/SF, well below market for the very limited multi-family inventory near the beach of one of world's most renowned coastal communities. Highlights include attractive landscaping around a central green courtyard, high vaulted wood beam ceilings in the 4 upstairs units, moderately updated interiors, and a long pride-of-ownership history. Opportunity for the patient investor to realize long-term cap rates far above historic cap rates for Santa Barbara's beach areas; see pro-forma in unbranded OM in Documents

Listing Details

Property type: (Multi-Family)

Status: Pending

MLS# 26-2413

List price is $4,395,000 Reduced by $100,000 on 9/15/2026

Beds: 0

Baths: 0

Built in 1958

2 stories

10018.00 acres

Lot size: 0.2300

Subdivision: 15 - East Beach