412 Corona Del Mar, SANTA BARBARA, CA 93103 (MLS# 26-2413)

412 Corona Del Mar, SANTA BARBARA, CA 93103

$4,395,000

Upstairs living rooms w/vaulted ceilings

Dining area and kitchen in upstairs unit

Aerial view of adjacent waterfront areas

Property Type: Res Inc Square Footage: 5,451 Lot Size (sq. ft.): 10,018 Status: Active

Current Price: $4,395,000 List Date: 7/21/2026 Last Modified: 9/15/2026

Overview

Description

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 MLS# 26-2413

Location Info

District: 15 - SB/EAST OF STATE
Street #: 412
Street Name: Corona Del Mar
State: CA
Country: US
Postal Code: 93103
County: Santa Barbara
Parcel Nbr: 017-321-004
Cross Street: Orilla Del Mar

Contract Info

Price: 4395000
Begin Date: 2026-07-21

Property Information

Number of Units: 8
Units Furnished: None
Stories: 2
Year Built: 1958
Main House SqFt: 5451
Apx # Acres: 0.23
Apx Lot SqFt: 10018
Recurring Fees: No

NeighborhoodSchools

Neighborhood: 15 - East Beach

Remarks

Hot Sheet Comment: price

Owner Info

Deposit: 3
Deposit Type: %
COE: ASAP

More Information

Miscellaneous

Parking Spaces: 8
# Refrigerators: 8
# Stoves: 8

Unit 1

# Units: 2
# Bedrooms: 2
# Baths: Yes
Rent: 2918
Monthly Total: 5836

Unit 2

# Units: 6
# Bedrooms: Yes
# Baths: Yes
Rent: 2195
Monthly Total: 13167

Meters

Sep Meter Wtr: N
Sep Meter Elec: Y
Sep Meter Gas: Yes

Parking Info

Total # Carport Spaces: 8

Property Features

Condition: Good Foundation: Slab Parking Info: Carport; Carport Proximity: Near Bus; Near Downtown; Near Grocery; Near Ocean; Near Park(s) Laundry: Laundry Room Cooling: A/C None Heating: Forced Air Zoning: R-MH; Other Reports Available: Home Inspection Terms: Cash; Conventional Listing Type: ER Pub Listing Details: None

Documents

Offering Memorandum (unbranded) ›

Site Plan ›

Area Map ›

Listing Office: Berkshire Hathaway HomeServices California Properties

Last Updated: September - 15 - 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.