Outstanding location on the Santa Barbara Mesa right next to Santa Barbara City College. The upstairs rear unit features a large deck and dramatic ocean views – a perfect owner’s unit! These units are very popular and rarely vacant.

208 Oceano Ave., Santa Barbara, CA 93109
6 Units on the Mesa
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Price: $1,479,000 $1,395,000
Units: 6 - Fourplex in front, duplex in back
Price per Unit: $232,500
GRM: 13.81 on current rents/13.41 on proforma rents
Cap Rate: 4.44% on current rents
4.64% on proforma rents
APN: 045-074-007
Mix: Fourplex – 3 1+1, 1 1+Den+1
Duplex – 1 Studio+Den+1, 1 1+Den+1.5
Building Area: 4,093 SF approx.,
110 SF laundry per assessor
Land Area: 8,756 SF (60’ x 145.94’) approx.
Zoning: R-2
Parking: 4 carport spaces, 2 garage spaces, 3 open spaces
Year Built: Fourplex – 1961, Duplex – 1956


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