20 Oceano Avenue Santa Barbara CA 93109 MLS #V1-25281

20 Oceano Avenue
Santa Barbara, CA, 93109
$25,000,000
Beds
0 Baths
SqFt
0.89 Acres
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
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JoAnn

JoAnn

Realtor®

Full-time Real Estate Broker, sold 1100+ Properties in SLO and SBC County. 38 years of local real estate knowledge and experience. I understand each sale is about you and your goals. I know as we get older, we don’t have time to make up for any mistakes especially when it comes to one the most significant investments. I care about my clients and work very hard to share my knowledge and protect you along the way. I place the appropriate verbiage in the listing and listing agreement depending …

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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

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Association Fee
0.00

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20 Oceano Avenue
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