20 Oceano Avenue,  Santa Barbara  (93109)

$25,000,000

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Listed By: Steven Golis of Radius Group Commercial RE

PROPERTY DETAILS

Address: view address
Santa Barbara, CA 93109
Map Location
Bedrooms: 0
Lot Size:38768.0Year Built:1970
Property Type:Multi FamilyNeighborhood:Santa Barbara: Other
County:Santa BarbaraList Date:2024-08-18
Listing Number:V1-25281Listed By:Radius Group Commercial RE
Listing Office:[email protected]Days on market:27

PROPERTY 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.

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Interior

Features

Fireplace features:NoneLaundry Features:Common Area
Laundry:Yes

Cooling & Heating

Cooling features:NoneHeating features:Radiant
Heating:Yes

Exterior

Pool and Spa

Pool Features:NoneSpa Features:None
Spa:Yes

Parking

Parking features:Underground, Attached Carport, Assigned, Covered

Property Features

Fencing:None

Property and Lot Details

Features

Community Features:Suburban

Fee

Special Listing Conditions:Standard

Building Information

Year Built:1970Levels:Multi/Split

Lot

Lot Dimensions:38768.0

Community information and market data Powered by Onboard Informatics. Copyright ©2024 Onboard Informatics. Information is deemed reliable but not guaranteed.

This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person’s eligibility to attend a school or to use or benefit from other city, town or local services.

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Community information and market data Powered by Onboard Informatics. Copyright ©2024 Onboard Informatics. Information is deemed reliable but not guaranteed.

This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person’s eligibility to attend a school or to use or benefit from other city, town or local services.

Loading Data...

Community information and market data Powered by Onboard Informatics. Copyright ©2024 Onboard Informatics. Information is deemed reliable but not guaranteed.

This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person’s eligibility to attend a school or to use or benefit from other city, town or local services.

PHOTO GALLERY

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Listed By: Steven Golis of Radius Group Commercial RE