20-80 Oceano Avenue Santa Barbara, CA 93109
Listing Courtesy of: Santa Barbara Association Of Realtors / Radius Group Commercial R.E.

  20-80 Oceano Avenue Santa Barbara, CA 93109

Active (58 Days)
$25,000,000
34,768
SQFT

Description

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.

MLS #:
24-2721
Lot Size
0.89 acres
Type
Multifamily
Year Built
1970
County
Santa Barbara County

Listed By

Steven J Golis, Radius Group Commercial R.E.
Source
Santa Barbara Association Of Realtors
Last checked Oct 15 2024 at 11:47 PM GMT+0000
Bathroom Details
Interior Features
  • Laundry: Some
Flooring
  • Tile
  • Stone
  • Other
  • Hardwood
  • Carpet
School Information
  • Elementary School: Washington
  • Middle School: Lacumbre
  • High School: S.b. Sr.
Living Area
  • 34,768 sqft
Location
   
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Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

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Disclaimer: Copyright 2024 Santa Barbara Association of Realtors. All rights reserved. This information is deemed reliable, but not guaranteed. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 10/15/24 16:47