Santa Barbara, CA 93109,20-80 Oceano AVE Avenue
Santa Barbara, CA 93109,20-80 Oceano AVE Avenue
Santa Barbara, CA 93109,20-80 Oceano AVE Avenue
23
$21,150,000
$25,000,000
15.4%
Est.Price: ?

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34,768 SqFt

20-80 Oceano AVE Avenue Santa Barbara, CA 93109

Est. payment /mo
SOLD DATE : 02/05/2025

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Key Details

Sold Price $21,150,000

Property Type Single Family Home

Listing Status Sold

Purchase Type For Sale

Square Footage 34,768 sqft

Price per Sqft $608

MLS Listing ID 24-2721

Sold Date 02/05/25

Originating Board Santa Barbara Multiple Listing Service

Year Built 1970

Lot Size 0.890 Acres

Acres 0.89

Lot Dimensions 38768.0

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: $73,858
Estimated Monthly Vacation Rental Income: $72,000
TOTAL: $145,858/month; $291,176 annuaThe 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.

Please do not disturb tenants.


Call to Offers September 19, 2024.

Location

State CA

County Santa Barbara

Interior

Laundry Some

Building

New Construction No

Others

Tax ID 045-230-028

Acceptable Financing Cash, Ctnl

Listing Terms Cash, Ctnl

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Listed by Radius Group Commercial R.E.

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agent

Epique Realty

Company | License ID: DRE01797917

+1(512) 387-0722

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