2220 Oak Park Lane, SANTA BARBARA CA, 93105

Active

2220 Oak Park Lane

SANTA BARBARA CA, 93105

$5,000,000

$638.57 per sqft

Active

3 Beds

2 Baths

7,830 sqft

Residential

Built in 1962

Courtesy of Ken Switzer, Berkshire Hathaway HomeServices California Properties

For sale for the 1st time in over 50 years, 2220 Oak Park Lane is a rare investment opportunity in one of the very best locations for top-quality tenant demand - less than a block to Cottage Hospital, Sansum Clinic and Ridley-Tree Center, and in the middle of Santa Barbara's several-block medical district with thousands of high-paying medical-related jobs. Consisting of 8 x 2-BR units plus 2 x 1-BR units, an investor can enjoy market-rate returns for the location by later in the year (AB 1482 at est. 4.32% cap), while leveraging the A++ location and favorable O-M zoning to provide numerous paths for substantially higher returns longer-term. Review the Offering Memorandum in Documents for details. Condition reports available, please do not go on the premises without appt.

25-756

MLSⓇ ID

February 20, 2025

Listed

February 21, 2025

Updated

Interior Features

Bedrooms: 3
Total Bathrooms: 2
Full Bathrooms: 2
Laundry Description: Laundry Room
Fireplace: No
Cooling: No
Heating: No

Exterior/Building Features

Lot Size: 0.34 Acres
Lot Features: Near Public Transit

School Information

High School: S.B. Sr.
Elementary School: Peabody

Other Property Details

Area Name: 20 - SB/WEST OF STATE
Days on Market: 2
Garage: No
Parking: Carport
Parking Total: 10
View: No
County: Santa Barbara
Pool: No
Zoning: Other

Listed by Berkshire Hathaway HomeServices California Properties, Ken Switzer,
Listing Contact: [email protected]

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Data last updated 6:43 PM UTC, 2/21/2025