20-80 Oceano Ave - Apartments FOR SALE


Santa Barbara, CA 93109- East Mesa
$25,000,000 USD
805-879-9606
20-80 Oceano Ave, Santa Barbara, CA for Sale
$25,000,000 USD
Apartments - FOR SALE
1/27
null | 3.93% Cap Rate

20-80 Oceano Ave
Santa Barbara, CA 93109
East Mesa


HIGHLIGHTS

  • Includes 9 short term vacation rentals.
  • Located in the highly coveted Mesa Neighborhood overlooking the Pacific.
  • Footsteps from Leadbetter Beach.
  • Stunning oceanfront rooftop deck.
  • Easy access to an array of restaurants, shops and entertainment options.

OVERVIEW

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. The 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. Contact Listing Agents for further details.

FOR SALE DETAILS

PRICE

$25,000,000 USD

PRICE/SF

$927 USD /SF

# OF UNITS

29

PRICE/UNIT

$862,069

CAP RATE

3.93%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

29-Unit Trophy Investment Opportunity

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1970

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.89 AC

LAND SF

38,768 SF

ZONING

R2SD3

APN/PARCEL ID

045-230-028

ASK ABOUT THIS PROPERTY

Steve GolisRadius Commercial Real EstateMore Info
805-879-9606

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Steve GolisRadius Commercial Real EstateMore Info
805-879-9606

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.