3432 Richland Drive, SANTA BARBARA CA, 93105

Active

3432 Richland Drive

SANTA BARBARA CA, 93105

$3,295,000

$700.02 per sqft

Active

3 Beds

3 Baths

4,707 sqft

Residential

Built in 1962

Courtesy of Ken Switzer, Berkshire Hathaway HomeServices California Properties

3432 Richland Drive is a rare opportunity to purchase an attractive mid-size multi-family building in the center of Santa Barbara's Upper State corridor - a hub of restaurants, retail and financial services. The location is also within a mile of Cottage Hospital (Santa Barbara's largest private employer), and near the Muni Golf Course, MacKenzie Park and La Cumbre Shopping Center. There are 8 units total in a single building, the unit mix is 1 x 2-BR/1-BA, 5 x 1-BR/1-BA and 2 studios. The property has good curb appeal with manicured landscaping, and is set privately in a corner location. Consider as a secure ongoing investment (4.73% cap on next AB 1482), or leverage the desirable central location for value-add upside (5.35% projected). See Offering Memorandum in Documents for details.

24-2094

MLSⓇ ID

June 26, 2024

Listed

August 23, 2024

Updated

Map

3432 Richland Drive
SANTA BARBARA CA, 93105

Interior Features

Total Stories: 2
Bedrooms: 3
Total Bathrooms: 3
Full Bathrooms: 3
Laundry Description: Laundry Room
Fireplace: No
Cooling: No
Heating: No

Exterior/Building Features

Lot Size: 0.22 Acres
Lot Features: Near Public Transit

School Information

High School: San Marcos
Elementary School: Adams

Other Property Details

Area Name: 20 - SB/WEST OF STATE
Days on Market: 53
Garage: No
Parking: Uncovered
Parking Total: 8
View: No
County: Santa Barbara
Pool: No
Zoning: R-3

Listed by Berkshire Hathaway HomeServices California Properties, Ken Switzer,
Listing Contact: [email protected]

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Data last updated 3:32 PM UTC, 8/23/2024