$25,000,000
- Beds
- Unknown
- sq ft
- Unknown
20 80 Oceano Ave, Santa Barbara, CA 93109
20 80 Oceano Ave
Santa Barbara, CA 93109
- 60 days on market
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.
Details
Property type
Lot size
0.89 acres
Price per sq ft
Unknown
Year built
1970
Price History
08/19/2024
CRMLS #V1-25281
Listed
$25,000,000
Schools & Community
Neighborhood:
East Mesa
Elementary school:
Unknown
Middle school:
Unknown
High school:
Unknown
Community features: Suburban
Community features:
Suburban
Status: Active
Tomo last checked: 10/18/2024 at 3:25 AM
Listing updated: 10/07/2024 at 2:41 AM
Listed by: Steven Golis, Radius Group Commercial RE Phone #: (805) 965-5500
MLS: CRMLS #V1-25281
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