2215 Oak Park Lane, SANTA BARBARA, CA 93105 (MLS# 25-1322)

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2215 Oak Park Lane, SANTA BARBARA, CA 93105

$1,510,000

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https://my.matterport.com/show/?m=AUCHUzjL8Vu&mls=1

Property Type: Res Inc Lot Size (sq. ft.): 4,356 Status: Closed

Current Price: $1,510,000 List Date: 5/02/2025 Last Modified: 8/26/2025

Overview

Description

Fantastic investment opportunity in the desirable Oak Park neighborhood in Santa Barbara near Cottage Hospital. This well-maintained multifamily property features 3 units with fresh landscaping and strong curb appeal. The front unit, Unit A, is a refreshed 1 bed, 1 bath with a loft. It has a gated front yard with new turf and is ready for immediate occupancy. Unit B is a 2 bed, 2 bath with a gated entry, private front patio and private rear yard. Unit C is a charming detached studio with a private gated entry and wrap around yard. Units B and C are tenant-occupied with new leases. Unit A is vacant - great option for owner/user, to create a furnished rental or to get market rate rents. Excellent location in a highly desired area. Close the hospital, parks, shops, restaurants and more.

Listing Details MLS# 25-1322

Location Info

District: 20 - SB/WEST OF STATE
Street #: 2215
Street Name: Oak Park
Street Suffix: Lane
State: CA
Country: US
Postal Code: 93105
Compass Map: Santa Barbara
Map Grid: N12
County: Santa Barbara
Parcel Number: 025-160-010
Cross Street: W Los Olivos Street

Contract Info

Price: 1599000
Financing: CTNL
Begin Date: 2025-04-04

Status Information

Sold Date: 2025-08-26
Under Contract Date: 2025-07-27

Property Information

Number of Units: 3
Year Built: 1920
Apx Lot SqFt: 4356
Recurring Fees: No

NeighborhoodSchools

Neighborhood: 20 - Oak Park

Remarks

Hot Sheet Comment: price

More Information

Owner Info

Deposit: 3

Unit 1

# Units: 3
# Bedrooms: Yes
# Baths: Yes
Furnished: N
# Half Baths: 0
Rent: 0
Monthly Total: 0

Unit 2

# Bedrooms: 2
# Baths: 2
Rent: 3045
Monthly Total: 3045
Lease: Yes

Unit 3

# Bedrooms: Yes
# Baths: Yes
Rent: 1958
Monthly Total: 1958
Lease: Yes

Neighborhood/Schools

Elementary School: Adams
Junior High School: LaCumbre
High School: S.B. Sr.

Condition

Good: Yes

Laundry

Bldg: Yes

Income/Expenses

Total Monthly Income: 9900
Annual Income: 118800
Capitalization Rate: 5.5%
Estimated: Yes
Taxes: 16850
Total Monthly Exp: 675
Total Annual Exp: 8100

Zoning

R-3: Yes

Terms

Cash: Yes
Conventional: Yes

Listing Type

ER: Yes

Property Features

Unit 2: Lease Unit 3: Lease Condition: Good Laundry: Bldg Zoning: R-3 Terms: Cash; Conventional Listing Type: ER

Documents

Property Prospectus ›

City of Santa Barbara Street Files ›

Preliminary Title Report ›

NHD Report ›

NHD Flood Certificate Report ›

Receipt for Reports #1 & Attached List ›

Receipt for Reports #2 ›

Res Zoning Standards-2215 Oak Park ›

Pest Inspection Report ›

Re-Roof Estimate Unit B & C ›

Repairs completed after Home Inspection ›

Home Inspection Report ›

Loan Options ›

Current Homeowners Insurance policy ›

Current Flood Insurance policy ›

Flood Insurance Quote - Unit A & B ›

Flood Insurance Quote - Unit C ›

Listing Office: Goodwin & Thyne Properties

Last Updated: August - 26 - 2025

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