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$25,000,000
133 Days On Site

20 Oceano Avenue
Santa Barbara, CA 93109

For Sale|Residential Income|Pending
0
Beds
0
Full Baths
0
Partial Baths

SqFt

/SqFt
1970
Built
Subdivision:
Santa Barbara: Other
County:
Santa Barbara
Listed by Steven Golis of Radius Group Commercial RE sgolis@radiusgroup.com

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20 Oceano Avenue20 Oceano Avenue20 Oceano Avenue20 Oceano Avenue
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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.

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Listing Snapshot
Price 
$25,000,000
Days On Site 
133 Days
Bedrooms 
N/A
Inside Area (SqFt) 
N/A
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.89 Acres
Year Built 
1970
MLS® Number 
V1-25281
Status 
Pending
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
4 weeks agoListing updated with changes from the MLS®
2 months agoStatus changed to Pending
4 months agoListing first seen on site
General Features
Acres 
0.89
Parking 
Attached CarportAssignedCoveredUnderground
Parking Spaces 
39
Special Circumstances 
Standard
Stories 
Multi/Split
Interior Features
Fireplace Features 
None
Heating 
Radiant
Laundry Features 
Common Area
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Exterior Features
Fencing 
None
Pool Features 
None
Spa Features 
None
Community Features
Community Features 
Suburban
Financing Terms Available 
CashConventional1031 Exchange
MLS Area 
VC81 - Santa Barbara


This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Neighborhood & Commute
Source: Walkscore
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