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412 Corona Del Mar
Santa Barbara, CA 93103 East Beach

$4,495,000 USD

Apartments For Sale  •  6,678 SF

Property Details

  • Property Type Apartments
  • Total Building Size 5,451 SF
  • Lot Size 0.23 AC
  • Building Class C
  • Year Built 1958
  • Cap Rate 2.63 %
  • Zoning R4SD3
40 Transit Score
50 Walk Score

Highlights

A+ Location in the waterfront/beach area of Santa Barbara, one of the world's most desirable coastal communities
Long-term potential upside for a net capitalization rate far above typical in the waterfront areas of Santa Barbara
Carports in back offer ADU opportunities

Property Flyers

Financial Summary (Actual)

Net Operating Income: $118,346 USD (2026)
Cap Rate: 2.63 %
Total Expenses: $95,614 USD

Public Transportation

Commuter RailDriveWalkDistance
4 min - 1.4 mi
14 min - 9.9 mi
AirportDriveWalkDistance
Santa Barbara Municipal 16 min - 11.7 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 8
Type: Covered
Included in Rent: Yes
Ken Switzer 805-680-4622 Berkshire Hathaway Commercial Division
Ken Switzer 805-680-4622 Berkshire Hathaway Commercial Division