$25,000,000
38,768 Sqft Lot

20 80 Oceano Avenue, Santa Barbara, California 93109

  • Residential Income Property Type
  • 39 Cars Garage
  • 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 thriving beachfront community of The Mesa.

Basic Details
Residential Income
For Sale
V1-25281
$25,000,000
1970
38,768 Sqft
Active
Features
: Radiant
: 39
: Suburban
: Assigned, Covered, Attached Carport, Underground
$0
Address Map
California
Santa Barbara
Santa Barbara
Santa Barbara: Other
93109
20 80 Oceano Avenue
0
W120° 17' 55.3''
N34° 24' 6.8''
Follow US-101 N to Bath St in Santa Barbara. Take exit 97 from US-101 NMerge onto US-101 NTake exit 97 to merge onto Bath StTake Castillo St, Cliff Dr and Oceano Ave to your destination
Additional Information
$0
0 Sqft
$0
21
21
$0
0
1
1
1
Cash,CashtoNewLoan,Conventional,1031 Exchange
: Sprinklersnone
$0
045230028
: Standard
$0
Broker/Agent Information
Radius Group Commercial RE
V6544
Steven Golis
vc199501844
sgolis@radiusgroup.com
Agent info
Ray Millman
Mortgage Calculator
$
$ %
years
%
$ %per year
$ %per year

$
Contact Agent
Contact Us
ray@millmanteam.com 310.375.1069