• For Sale
  • USD 5,000,000 
  • Build Size: 7,830 ft2
  • Property Type: Multi-Family Home
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
Ken  Switzer
Ken Switzer
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2220 Oak Park Lane, Santa Barbara CA 93105, Santa Barbara, California, United States is a 7,830ft2 Santa Barbara luxury Multi-Family Home listed for sale USD 5,000,000. This high end Santa Barbara Multi-Family Home is comprised of N/A bedrooms and N/A baths. Find more luxury properties in Santa Barbara or search for luxury properties for sale in Santa Barbara.