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3432 Richland Drive

Santa Barbara, CA 93105
  • $3,295,000
  • STATUS: Active
  • ON SITE: 27 Days
  • MLS #: 24-2094
UPDATED: 92 min ago
$3,295,000
  • 0
    BEDS
  • 0.22
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,707
    SQFT
  • $700
    $/SQFT
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 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.

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© 2024 Santa Barbara Multiple Listing Service. All rights reserved. Based on information from the Santa Barbara MLS as of 2024-07-24T10:47:33.683. 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 2024-07-24T10:47:33.683.
www.karinamatic.com/homes/152026514
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3432 Richland Drive Santa Barbara, CA 93105

  • Price: $3,295,000
  • Status: Active
  • On Site: 27 Days
  • Updated: 92 min ago
  • MLS #: 24-2094
0
Beds
0
Baths
0
½ Baths
0.22
Acres
4,707
SQFT
$700
$/SQFT
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 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.
Exterior Features

Foundation Details Slab Parking Features Uncovered

Interior Features

Laundry Features Laundry Room Unit1 Baths 1 Unit1 Bedrooms 2 Unit1 Half Baths 0 Unit2 Baths 1 Unit2 Bedrooms 1 Unit3 Baths 1 Unit3 Bedrooms 0

Property Features

Exchange Yes Yes Lot Features Near Public Transit Property Condition Good Stories 2 Terms Cash Yes 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 2024-07-24T10:47:33.683. 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 2024-07-24T10:47:33.683.
 
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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.