15
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$5,000,000
Est. payment /mo
7,830 SqFt
Active
2220 Oak Park LN Lane Santa Barbara, CA 93105
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Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 7,830 sqft
Price per Sqft $638
Subdivision 20 - Oak Park
MLS Listing ID 25-756
Originating Board Santa Barbara Multiple Listing Service
Year Built 1962
Lot Size 0.340 Acres
Acres 0.34
Lot Dimensions 14810.0
Property Description
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 (pro-forma post-reno 6.5% net cap rate). Review the Offering Memorandum in Documents for details. PREVIEW OPEN HOUSE Thurs. 2/27 11-1:30pm
Location
State CA
County Santa Barbara
Community 20 - Oak Park
Interior
Laundry Laundry Room
Exterior
Parking Features Carport
Building
Lot Description Near Public Transit
Foundation Slab
New Construction No
Others
Tax ID 025-171-027
Acceptable Financing Cash, Ctnl
Listing Terms Cash, Ctnl
Listed by Berkshire Hathaway HomeServices California Properties