101 Oceano Avenue Apt 20, SANTA BARBARA, CA 93109, SANTA BARBARA, 93109 - 2 bed, 2 bath
101 Oceano Avenue Apt 20
SANTA BARBARA, CA 93109
Property Price
SUMMARY
Analysis of 101 Oceano Avenue Apt 20, SANTA BARBARA, CA 93109 is currently available with a list price of $2,000,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the SANTA BARBARA Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1959 and offered for the first time in decades, the property appears well-maintained but features an outdated galley kitchen and original-style bathrooms. While the unit boasts desirable wood floors and functional appliances, the overall aesthetic and lack of recent comprehensive renovations indicate the home is aged and requires modernization to meet current market standards.
PROSSTRENGTHS & OPPORTUNITIES
- Exceptional Ocean Views
The property boasts expansive hilltop views of Leadbetter Beach, the Santa Barbara Harbor, and Shoreline Park, visible from the living room, kitchen, and primary bedroom.
- Prime End-Unit Privacy
As a single-story end unit with no neighbors living above, this condo offers a rare level of quiet and privacy that is highly sought after in multi-family housing.
- Highly Desirable Location
Situated in the prestigious Mesa neighborhood, the property offers a premier hilltop position with convenient access to coastal parks, beaches, and the harbor.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 930, other record living area = 972.
- Lack of In-Unit Laundry
The reliance on a shared HOA coin-operated laundry facility rather than private in-unit machines is a significant drawback for a property at this price point.
- High Monthly HOA Fees
At $920 per month for a 930-square-foot unit, the association fees are relatively high, which may impact the overall carrying costs and appeal for some buyers.
About 101 Oceano Avenue Apt 20
VIEW - VIEW - VIEW! First time available in decades this hilltop expansive ocean view ground floor two bedroom two bath condo. Beautiful views above Leadbetter beach, from the harbor on the left to Shoreline Park on the right. Galley kitchen with gas range, dishwasher, breakfast bar and views! Spacious living room with fireplace, wood floors and views! Primary bedroom with views and attached bath and shower. Hall bath with shower over tub. Single story end unit with no one above. De-attached carport steps from front door. HOA coin-op laundry room next to unit
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1959
- Lot Size
- -
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $920 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 930 | 1,017 | 50% |
| Lot Size | - | - | 50% |
| Price | $2.00M | $1.12M | 83% |
| Price per sq ft | $2.2K | $1.0K | 83% |
| Built year | 1959 | 1973 | 17% |
| HOA | $920 | $780 | 50% |
| Days on market | 5 | 138 | 17% |
Pricing History
Listed for Sale
Mar 2, 2026
$2,000,000
Initial Listing