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Santa Barbara
93105
93105
W120° 16' 36''
N34° 25' 41.8''
Contact Info
Ken Switzer
75402
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 Barbaras 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

2220 Oak Park Lane

Santa Barbara, California 93105, United States

  • Square Footage: 14,810.40 Sqft
$5,000,000
Listing ID#1652
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Basic Details
Property Type : Residential
Listing Type : Pending
Listing ID : 1652
Ref ID : 397949464
Price : $5,000,000
Square Footage : 14,810.40 Sqft
Lot Area : 0.34 Sqft
MLS : 25-756
Office ID : CA301-078
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