$25,000,000
38,768 Sqft

20 Oceano Avenue, Santa Barbara Ca 93109

  • Residential Income Property Type
  • 64 Days Days On Market
  • 1970 Year Built
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 thrivi

Basic Details
Residential Income
OTHER
Pending
CRV1-25281
$25,000,000
64
1970
38,768 Sqft
0.89 Acre
Pending
Features
: Radiant
: No Air Conditioning
: Community Facility
: Other
: Covered, Other, Assigned, Below Ground Parking
Address Map
CA
Santa Barbara
Santa Barbara
93109
Oceano Avenue
20
W120° 17' 55.4''
N34° 24' 7''
Follow US-101 N to Bath St in Santa Barbara. Take
Additional Info
Radius Group Commercial RE
Steven Golis
sgolis@radiusgroup.com
Pending
For Sale
Price History
01/01/1970
08/19/2024
$25,000,000
$0
Listing Information
2024-10-23T17:23:21Z
BayEast
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    Agent info
    Realty++
    Seshu Tirumalashetty
    Realty++
    Srinivas Sanigepalli
    Realty++
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    Mallik@rRealtyplusplus.com (510) 299-6629