2215 Oak Park Lane, SANTA BARBARA, CA 93105
$1,510,000
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
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.
More Information MLS# 25-1322
Location Info
Country: US
Compass Map: Santa Barbara
Map Grid: N12
Cross Street: W Los Olivos Street
District: 20 - SB/WEST OF STATE
Street #: 2215
Street Name: Oak Park
Street Suffix: Lane
State: CA
Postal Code: 93105
County: Santa Barbara
Parcel Number: 025-160-010
Contract Info
Financing: CTNL
Current Price: $1,510,000
Price: 1599000
Begin Date: 2025-04-04
Status: Closed
Property Information
Year Built: 1920
Apx Lot SqFt: 4356
Recurring Fees: No
Number of Units: 3
Neighborhood/Schools
Elementary School: Adams
Junior High School: LaCumbre
High School: S.B. Sr.
Owner Info
Deposit: 3
Remarks
Hot Sheet Comment: price
Condition
Good: 1
Laundry
Bldg: 1
Unit 1
# Units: 3
# Bedrooms: 1
# Baths: 1
# Half Baths: 0
Furnished: N
Rent: 0
Monthly Total: 0
Income/Expenses
Total Monthly Income: 9900
Annual Income: 118800
Capitalization Rate: 5.5%
Estimated: 1
Taxes: 16850
Total Monthly Exp: 675
Total Annual Exp: 8100
Unit 2
# Bedrooms: 2
# Baths: 2
Rent: 3045
Lease: 1
Monthly Total: 3045
Zoning
R-3: 1
Terms
Cash: 1
Conventional: 1
Listing Type
ER: 1
Unit 3
# Bedrooms: 1
# Baths: 1
Rent: 1958
Lease: 1
Monthly Total: 1958
Status Information
Sold Date: 2025-08-26
Sold Price: $1,510,000
Under Contract Date: 2025-07-27
NeighborhoodSchools
Neighborhood: 20 - Oak Park
Property Features
Unit 2: Lease
Unit 3: Lease
Condition: Good
Laundry: Bldg
Zoning: R-3
Terms: Cash; Conventional
Listing Type: ER
Documents
Property Prospectus ›
Listing Office:
Goodwin & Thyne Properties
Last Updated: August - 26 - 2025
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