2220 Oak Park Ln | Santa Barbara, CA 93105
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2220 Oak Park Ln
Santa Barbara, CA 93105
Multifamily Property For Sale
·
10 Units
Investment Highlights
- A++ Location in the center of Santa Barbara's medical district
- Thousands of high-paying medical jobs within 3 blocks, providing an investor an endless pool of top-tenant rental demand
- In this location, and for renovated furnished apartments, there is the demand potential from numerous types of high-paying specialty tenants
- Within 1 block of Cottage Hospital, Sansum Medical Clinic and Ridley-Tree Cancer Center, plus dozens of specialty medical offices and facilities
- AB 1482 cap rate ~4.32% during 2025, with substantial upside from a renovated building -- pro-forma-post-reno cap rate of ~6.5%
- Rare O-M zoning - only multi-family property within this border of the O-M Zone - may allow for commerical add-on new construction; also 2 ADU's
Property Facts
| No. Units | 10 | Building Size | 7,830 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1962 |
| Building Class | C | Parking Ratio | 1.28/1,000 SF |
| Lot Size | 0.34 AC | ||
| Zoning | O-M - Rare Office-Medical (O-M) zoning (only multi-family property within the O-M boundary) may allow commercial add-on new construction; also add 2 ADU's | ||
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.34 AC |
| Building Size | 7,830 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1962 |
| Parking Ratio | 1.28/1,000 SF |
| Zoning | O-M - Rare Office-Medical (O-M) zoning (only multi-family property within the O-M boundary) may allow commercial add-on new construction; also add 2 ADU's |
Amenities
Unit Amenities
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Storage Space
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 8 | $2,848 | 821 - 829 |
| 1+1 | 2 | $2,545 | 615 |
Property Taxes
| Parcel Number | 025-171-027 | Improvements Assessment | $268,516 |
| Land Assessment | $134,819 | Total Assessment | $403,335 |
Property Taxes
Parcel Number
025-171-027
Land Assessment
$134,819
Improvements Assessment
$268,516
Total Assessment
$403,335
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