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.
The data relating to real estate for sale on this web site comes in part from the CA - North Santa Barbara County Regional MLS (NSBCRMLS). Real estate listings held by brokerage firms other than Kris Johnston | CA DRE# 01860722 are marked with the IDX logo and detailed information about them includes the name of the listing brokers. We do not attempt to independently verify the currency, completeness, accuracy or authenticity of the data contained herein. It may be subject to transcription and transmission errors. Accordingly, the data is provided on an 'as is' 'as available' basis only and may not reflect all real estate activity in the market.
All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Kris Johnston | CA DRE# 01860722 shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Property locations as displayed on any map are best approximations only and exact locations should be independently verified.