Pending
20 Oceano AVE
SANTA BARBARA CA, 93109
$25,000,000
Pending
11 Beds
8 Baths
Multi-family
Built in 1970
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.
V1-25281VC
MLSⓇ ID
August 19, 2024
Listed
October 23, 2024
Updated
Map
20 Oceano AVE
SANTA BARBARA CA, 93109
Interior Features
Bedrooms
11
Total Bathrooms
8
Laundry Description
Community
Fireplace
No
Fireplace Description
None
Cooling
No
Cooling Description
None
Heating
Yes
Heating Description
Radiant
Exterior/Building Features
Lot Size
0.89 Acres
Other Property Details
Area Name
Santa Barbara
Days on Market
64
Garage
No
Parking
Assigned, Subterranean
Parking Total
39
View
Yes
County
Santa Barbara
Pool
No
Pool Features
None
Listing History
Date | Event | Price |
---|---|---|
10/23/2024 | Pending | — |
Listed by Steven Golis with Radius Group Commercial RE
Listing Contact: (805) 965-5500
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Data last updated 10/23/2024