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Sold for $21,150,000
  • $21,150,000

    20-80 Oceano Ave, Santa Barbara, CA 93109

    18beds
    15baths
    34,865sqft
    Multi Family
    Built in 1970
    -- sqft lot
    $22,003,600 Zestimate®
    $607/sqft
    $3,365 Estimated rent

    Home value

    $22,003,600

    $19.58M - $24.64M

    $3,365/mo

    Zestimate® history
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    $3,365/mo

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    $132,130/mo

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    What's special

    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 ((1) 3BD/3BA Office/Storage (5) 3BD/2BA (5) 2BD/2BA (7) 2BD/1BA (11) 1BD/1BA), 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.

    Zillow last checked:

    Listing updated:

    Listed by:

    Steve Golis DRE#: 00772218 805-965-5500,

    Radius Commercial RE

    Bought with:

    Non Member

    SY Non Member

    Source: North Santa Barbara County MLS,MLS#: 24001636MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 18
    • Bathrooms: 15
    Heating
    • Wall Furnace, Radiant
    Cooling
    • None
    Appliances
    • Laundry: Common Area
    Interior area
    • Total structure area: 34,865
    • Total interior livable area: 34,865 sqft

    Property

    Parking
    • Parking features: Private Lot, 26 - 50, Covered
    Lot
    • Size: 0.89 Acres
    Details
    • Parcel number: 045230028
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Foundation: None
    • Roof: Other
    Condition
    • Year built: 1970

    Community & HOA

    Location
    • Region: Santa Barbara

    Financial & listing details

    • Price per square foot: $607/sqft
    • Date on market: 8/19/2024
    • Cumulative days on market: 64 days
    • Listing terms: New Loan,1031 Exchange,Cash
    • Total actual rent: 1750296

    Price history

    DateEventPrice
    2/5/2025Sold$21,150,000-15.4%$607/sqft
    Source: North Santa Barbara County MLS #24001636 Report a problem
    10/23/2024Pending sale$25,000,000$717/sqft
    Source: SBMLS #24-2721 Report a problem
    8/19/2024Listed for sale$25,000,000$717/sqft
    Source: SBMLS #24-2721 Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: East Mesa

    Nearby schools

    GreatSchools rating
    Sell for more on Zillow
    Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
    $22,003,600
    2% more
    +$440K
    With Zillow Showcase(estimated)
    $22.4M