Active

20-80 Oceano Avenue

SANTA BARBARA CA, 93109

$25,000,000


$719.05 per sqft

Active

8 Beds

6 Baths

34,768 sqft

Residential

Built in 1970

Courtesy of Steven J Golis, Radius Group Commercial R.E.

Nestled in the vibrant and picturesque Mesa neighborhood of Santa Barbara, Sea Cliff Apartments offers a unique and highly coveted investment opportunity. This expansive oceanfront property, comprising 29 meticulously designed units, is just steps away from the pristine sands of Leadbetter Beach, seamlessly combining high rental demand with luxurious lifestyle amenities. Each residence is thoughtfully crafted to optimize space and rental potential, nine of them are short term vacation rentals, which are equipped with top-tier amenities. Select units boast private balconies, some with hot tubs, providing tenants with exclusive comfort and leisure. Monthly Long Term Tenant Income: $73,858
Estimated Monthly Vacation Rental Income: $72,000
TOTAL: $145,858/month; $291,176 annuaThe complex also includes a stunning oceanfront rooftop deck, perfect for events and social gatherings, enhancing its allure as a desirable living destination.

Strategically positioned within walking distance to an array of restaurants, shopping centers, and entertainment venues, Sea Cliff Apartments offers tenants unparalleled access to the finest coastal lifestyle Santa Barbara has to offer. This blend of convenience, luxury, and prime location makes Sea Cliff Apartments a standout investment in the thriving beachfront community of The Mesa.

Please do not disturb tenants.


Call to Offers September 19, 2024.

24-2721

MLS ID

August 19, 2024

Listed

October 1, 2024

Updated

Map

20-80 Oceano Avenue
SANTA BARBARA CA, 93109

Interior Features

Bedrooms

8


Total Bathrooms

6


Full Bathrooms

6


Laundry Description

Some


Floor Description

Carpet, Hardwood, Other, Stone, Tile


Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

0.89 Acres

School Information

High School

S.B. Sr.


Elementary School

Washington

Other Property Details

Area Name

15 - SB/EAST OF STATE


Days on Market

25


Garage

No


View

No


County

Santa Barbara


Pool

No


Zoning

Other

Listed by Radius Group Commercial R.E., Steven J Golis,
Listing Contact: [email protected] 

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Data last updated 9:21 PM UTC, 10/1/2024

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