CA > Santa Barbara > 20 - Oak Park
Santa Barbara, CA 93105,2220 Oak Park LN Lane
Santa Barbara, CA 93105,2220 Oak Park LN Lane
Santa Barbara, CA 93105,2220 Oak Park LN Lane
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$5,000,000
Est. payment /mo
7,830 SqFt
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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

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Listed by Berkshire Hathaway HomeServices California Properties
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"John takes great pride in helping his clients through every step of the buying and selling process. Leveraging two decades of experience in pre-construction, new home sales and market sales exclusive representation. his vast knowledge in brokering home sales within luxury communities and new developments has proven invaluable to his clients."

+1(310) 221-2910

johnherkenrath@epiquerealty.com

8383 Wilshire Blvd #800 Beverly Hills CA 90211

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