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 

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Coastline 840 shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2024 Combined L.A./Westside MLS. All rights reserved.

Data last updated 10/23/2024

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