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