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Additional details
Listed by Steven J Golis • Radius Group Commercial RE
$25,000,000
Est. payment /mo
0.89 Acres Lot
UPDATED:
10/23/2024 04:35 PM
Key Details
Property Type Single Family Home
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: $73,858
Estimated Monthly Vacation Rental Income: $72,000
TOTAL: $145,858/month; $1,750,296/annual
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.
Monthly Long Term Tenant Income: $73,858
Estimated Monthly Vacation Rental Income: $72,000
TOTAL: $145,858/month; $1,750,296/annual
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.
Location
State CA
County Santa Barbara
Interior
Heating Radiant
Cooling None
Fireplaces Type None
Laundry Community
Exterior
Parking Features Subterranean, Assigned, Attached Carport, Covered
Pool None
Community Features Suburban
View Y/N Yes
Building
Lot Description Sprinklers None
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