Active
20 80 Oceano Avenue
Santa Barbara CA, 93109
$25,000,000
Active
Residential
Built in 1970
Listed by Steven Golis with Radius Group Commercial RE [email protected]
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: $73,858Estimated 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.
V1-25281
MLSⓇ ID
August 19, 2024
Listed
October 7, 2024
Updated
Map
20 80 Oceano Avenue
Santa Barbara CA, 93109
Interior Features
Laundry Description
Common Area
Fireplace
No
Fireplace Description
None
Cooling
No
Cooling Description
None
Heating
Yes
Heating Description
Radiant
Exterior/Building Features
Lot Size
0.89 Acres
Lot Features
Sprinklers None
Other Property Details
Area Name
VC81 - Santa Barbara
Days on Market
21
Garage
No
Parking
Attached Carport, Assigned, Covered, Underground
Parking Total
39
View
Yes
County
Santa Barbara
Pool
No
Pool Features
None
Listing Contact: (805) 965-5500
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 10/7/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 10/7/2024 at 12:31 PM UTC