20 80 Oceano Avenue Santa Barbara, CA 93109
Listing Courtesy of: CRMLS / Radius Group Commercial Re / Steven Golis - Contact:  sgolis@radiusgroup.com

  20 80 Oceano Avenue Santa Barbara, CA 93109

Active (36 Days)
$25,000,000

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: $73,858Estimated 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.

MLS #:
V1-25281
Lot Size
0.89 acres
Type
Multifamily
Year Built
1970
County
Santa Barbara County
Community
Santa Barbara: Other

Listed By

Steven Golis, Radius Group Commercial Re, Contact: sgolis@radiusgroup.com
Source
CRMLS
Last checked Oct 15 2024 at 11:49 PM GMT+0000
Bathroom Details
Interior Features
  • Laundry: Common Area
Subdivision
  • Santa Barbara: Other
Lot Information
  • Sprinklers None
Heating and Cooling
  • Radiant
Parking
  • Underground
  • Covered
  • Attached Carport
  • Assigned
Additional Information: Radius Group Commercial Re | sgolis@radiusgroup.com
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Disclaimer: Based on information from California Regional Multiple Listing Service, Inc. as of 2/22/23 10:28 and /or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable.