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29-Unit Trophy Investment Opportunity 20-80 Oceano Ave

29 Unit Block of Flats £19,582,500 (£675,259/Unit) 3.93% Net Initial Yield Santa Barbara, CA 93109

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Investment Highlights

Includes 9 short term vacation rentals.
Footsteps from Leadbetter Beach.
Easy access to an array of restaurants, shops and entertainment options.

Located in the highly coveted Mesa Neighborhood overlooking the Pacific.
Stunning oceanfront rooftop deck.

Executive Summary

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.

Sea Cliff | 20-80 Oceano Ave., Santa Barbara, CA 93109

Property Facts In Escrow

Price	£19,582,500	Apartment Style	Garden
Price Per Unit	£675,259	Building Class	C
Sale Type	Investment	Lot Size	0.89 AC
Net Initial Yield	3.93%	Building Size	34,768 SF
Gross Rent Multiplier	14.08	Number of Floors	3
No. Units	29	Year Built	1970
Property Type	Residential	Parking Ratio	0.46/1,000 SF
Property Subtype	Apartment

Price	£19,582,500
Price Per Unit	£675,259
Sale Type	Investment
Net Initial Yield	3.93%
Gross Rent Multiplier	14.08
No. Units	29
Property Type	Residential
Property Subtype	Apartment
Apartment Style	Garden
Building Class	C
Lot Size	0.89 AC
Building Size	34,768 SF
Number of Floors	3
Year Built	1970
Parking Ratio	0.46/1,000 SF