20 80 Oceano AVE Pending

Santa Barbara,CA 93109

$ 25000000

- Bed

0 Bath

- SqFt


Key Details

Property Type Multi-Family

Listing Status Pending

Purchase Type For Sale

Subdivision Santa Barbara: Other

MLS Listing ID V1-25281

Year Built 1970

Lot Size 0.890 Acres

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.

Location

State CA

County Santa Barbara

Area Vc81 - Santa Barbara

Rooms

Ensuite Laundry Common Area

Interior

Laundry Location Common Area

Heating Radiant

Cooling None

Fireplaces Type None

Laundry Common Area

Exterior

Garage Attached Carport,Assigned,Covered,Underground

Fence None

Pool None

Community Features Suburban

View Y/N Yes

Building

Lot Description Sprinklers None

Story Multi/Split

Others

Acceptable Financing Cash,Cash to New Loan,Conventional,1031 Exchange

Listing Terms Cash,Cash to New Loan,Conventional,1031 Exchange

Special Listing Condition Standard

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