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3432 Richland Drive

Santa Barbara, CA 93105
  • $3,295,000
  • STATUS: Active
  • ON SITE: 27 Days
  • MLS #: 24-294
UPDATED: 21 min ago
$3,295,000
  • 0
    BEDS
  • 0.22
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1962
County:

School Information

Elementary School:
Middle School:
High School:
Listing provided courtesy of Berkshire Hathaway HomeServices California Properties.

Description

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 Municipal 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, or leverage the desirable central location for value-add upside. See Offering Memorandum in Documents for more details

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© 2024 Santa Barbara Multiple Listing Service. All rights reserved. Based on information from the Santa Barbara MLS as of 2024-02-23T22:47:41.923. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Data last updated 2024-02-23T22:47:41.923.
www.karinamatic.com/homes/146975336
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3432 Richland Drive Santa Barbara, CA 93105

  • Price: $3,295,000
  • Status: Active
  • On Site: 27 Days
  • Updated: 21 min ago
  • MLS #: 24-294
0
Beds
0
Baths
0
½ Baths
0.22
Acres
1962
Built
Neighborhood:
SB/West of State
County:
Santa Barbara
Area:
SB/West of State
Elementary School:
Adams
Middle School:
Lacumbre
High School:
San Marcos
Property Description
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 Municipal 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, or leverage the desirable central location for value-add upside. See Offering Memorandum in Documents for more details
Exterior Features

Parking Information Uncovered Parking Spaces 8.00

Interior Features

Laundry Bldg Refrigerators 8.00 Unit1 Baths 1.00 Unit1 Bedrooms 2.00 Unit1 Half Baths 0.00 Unit2 Baths 1.00 Unit2 Bedrooms 1.00 Unit3 Baths 1.00 Unit3 Bedrooms 0.00

Property Features

Condition Good Cross Street Broadmoor Deposit 3.00 Exchange Yes Foundation Slab Income Expenses Estimated Income Expenses Annual Income 204324.00 Income Expenses Capitalization Rate 4.23 Income Expenses Electric Expense 336.00 Income Expenses Gas Expense 3378.00 Income Expenses Insurance 5000.00 Income Expenses Maintenance Expense 2400.00 Income Expenses NOI 139223 Income Expenses Taxes 34927.00 Income Expenses Total Annual Exp 65101.00 Income Expenses Total Monthly Expenses 5425.00 Income Expenses Total Monthly Income 17027.00 Income Expenses Water Expense 8380.00 Meters Separate Meter Electric Yes Meters Separate Meter Gas No Meters Separate Meter Water No Owner Provides GasTrashWater Proximity Near BusNear HospitalNear Park(s)Near School(s) Stoves 8.00 Terms CashCtnl Unit1 Lease Unit1 Furnished No Unit1 Monthly Total 2697.00 Unit1 Rent 2697.00 Unit1 Units 1.00 Unit2 Lease Unit2 Monthly Total 10606.00 Unit2 Rent 2121.00 Unit2 Units 5.00 Unit3 Lease Unit3 Monthly Total 3724.00 Unit3 Rent 1862.00 Unit3 Units 1.00 Zoning R-3

Listing information © 2024 Santa Barbara MLS
Listing provided courtesy of Berkshire Hathaway HomeServices California Properties: (805) 969-5026.



© 2024 Santa Barbara Multiple Listing Service. All rights reserved. Based on information from the Santa Barbara MLS as of 2024-02-23T22:47:41.923. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Data last updated 2024-02-23T22:47:41.923.
 
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Berkshire Hathaway HomeServices California Properties
3868 State St.
Santa Barbara CA, 93105
Listing provided courtesy of Berkshire Hathaway HomeServices California Properties.