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20-80 Oceano AVE Avenue Santa Barbara, CA 93109
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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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