Pending

20-80 Oceano Avenue

Santa Barbara CA, 93109

$25,000,000


$717.05 per sqft

Pending

53 Beds

34,865 sqft

Multi-family

Built in 1970

Courtesy of Steve Golis, Radius Commercial RE

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 ((1) 3BD/3BA Office/Storage (5) 3BD/2BA (5) 2BD/2BA (7) 2BD/1BA (11) 1BD/1BA), 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: 73,858Estimated Monthly Vacation Rental Income: 72,000 TOTAL: 145,858/month; 1,750,296/annualThe 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.

24001636

MLS ID

August 15, 2024

Listed

November 22, 2024

Updated

Map

20-80 Oceano Avenue
Santa Barbara CA, 93109

Interior Features

Bedrooms

53


Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

0.89 Acres

Other Property Details

Area Name

99 - Out of Area


Days on Market

68


Garage

No


View

No


County

Santa Barbara


Pool

No

Listing History

Date

Event

Price

10/23/2024

Pending

Listed by Radius Commercial RE, Steve Golis,
Listing Contact: 8059655500 

© 2024 by the following Associations of REALTORS®: Lompoc Valley, Santa Maria and Santa Ynez Valley. All Rights Reserved.

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