Listed by sgolis@radiusgroup.com - Steven Golis - DRE #00772218 - Radius Group Commercial RE 805-965-5500
$25,000,000 affordable loan icon Calculate Payment

Oceano Avenue Avenue Santa Barbara, CA 93109

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Cluster Residence
Beds
Baths
Sq. Ft.
0.89 Acre Lot

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Last updated on 11/15/2024 8:57 PM
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, se...amlessly 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. Continue reading
MLS#
V1-25281
Property Type
Cluster
Status
Year Built
1970
Lot Size
0.89

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Listed by sgolis@radiusgroup.com - Steven Golis - DRE #00772218 - Radius Group Commercial RE 805-965-5500
Barbara Lynn Simmons, CALBRE 637579, Xome Inc., CALBRE 1932600, [email protected], 844-400-XOME (9663), 2945 Townsgate Road, Suite 200, Westlake Village, CA 91361

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