2220 Oak Park Lane, Santa Barbara, CA 93105 - Berkshire Hathaway HomeServices California Properties

2220 Oak Park Lane, Santa Barbara, CA 93105

$5,000,000 Approx. USD 0 beds, 0 baths

Listing Agent


Ken Switzer | KSwitzer@bhhscal.com
Lic#: 01245644
Broker: Courtesy of Berkshire Hathaway HomeServices California Properties

Agent Remarks

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

Listing Details

Property type: (Residential Income)
Status: Pending
MLS# 25-756
Price: $5,000,000
Beds: 0
Baths: 0
Built in 1962
14810.00 acres
Lot size: 0.3400
Subdivision: 20 - Oak Park
County: Santa Barbara
Zoning: Other
Parking description: Carport
Lot description: Near Public Transit
MLS area: 20 - SB/WEST OF STATE

Last Updated: 7/11/2025

 Days On Market (DOM): 141

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This listing belongs to the 20 - SB/WEST OF STATE MLS area

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Lat/Long: 34.428280, -119.723313.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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