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 high-earner tenant demand. The property is situated in the heart of a sprawling several-block medical building district in the wealthy coastal haven of Santa Barbara, California, known for its retirement-age population seeking world-class medical care within their community. The centerpiece of the medical district is the Cottage Hospital primary campus, recently re-built and expanded at the cost of nearly $1B. Cottage Hospital / Cottage Health Systems is the City’s largest private employer with over 3,500 employees, and 2220 Oak Park Lane is the first multi-family apartment building closest to Cottage Hospital’s main facility, a half-block away. Numerous other well-known medical centers such as Sansum Clinic and the Ridley-Tree Cancer Center - along with dozens of specialty medical offices and facilities – are all within a few blocks of the property. All types of retail, grocery and dining are in the nearby De La Vina corridor, and downtown Santa Barbara starts 1 mile away. The waterfront and beaches are reached in 2 miles, and easy access to all points is provided by a nearby freeway exit. Consisting of 10 units built in 1962, with a mix of 8 x 2-bedroom/1-bath units plus 2 x 1-bedroom/1-bath units, the building is ready for a new investor to enjoy market-rate returns for the area during the current year, while leveraging the A++ location and favorable land-use in the O-M Zone to provide numerous paths for longer-term substantially higher returns. Review the Offering Memorandum financial pages for details about current operations and pro-forma projections, discussion of the advantageous location, and zoning code.