The cache is not at the posted coordinates.
To locate the cache you must complete the "Statues" Adventure Lab.
Using the "Adventure Lab" app on your phone you can locate "Statues" at the Santa Barbara Harbor or scan the QR code below with your phone's camera.
At each location of the adventure lab you will be given one didget of the final location.
Final Coordinates are: N 34 27.0AB W 119 46.CDE
Enjoy the sites.