$25,000,000
20 Oceano Avenue
Santa Barbara, CA, 93109
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.
Property Details
Price:
$25,000,000
MLS #:
V1-25281
Status:
Pending
Baths:
0
Address:
20 Oceano Avenue
Type:
Residential Income
Subdivision:
Santa Barbara: Other
Neighborhood:
vc81santabarbara
City:
Santa Barbara
Listed Date:
Aug 19, 2024
State:
CA
ZIP:
93109
Lot Size:
38,768 sqft / 0.89 acres (approx)
Year Built:
1970
Schools
Interior
Cooling
None
Fireplace Features
None
Heating
Radiant
Exterior
Community Features
Suburban
Fencing
None
Garage Spaces
0.00
Lot Features
Sprinklers None
Parking Features
Assigned, Covered, Subterranean, Attached Carport
Parking Spots
39.00
Pool Features
None
Spa Features
None
Financial
Association Fee
0.00
Get Out There, A Simply Outgoing Approach to Life. James Outland Jr. is one of those rare people who simply has an outgoing approach to life. No matter the activity… from dune buggy riding to skydiving to motorcycling to riding the local Pismo Beach waves… James Outland Jr. approaches life with a “just get out there and do it” kind of attitude. A zest for Life. James’ zest for life is obviously apparent in his many exciting hobbies. In his spare time, he loves riding dune buggies or hi…
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Courtesy of Radius Group Commercial RE. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than James Outland include the name of the listing broker. Neither the listing company nor James Outland shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
20 Oceano Avenue
Santa Barbara, CA
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