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3445 Richland Drive

Santa Barbara, CA 93105
  • $6,500,000
  • STATUS: Active
  • ON SITE: 109 Days
  • ID#: V1-33479
UPDATED: 160 min ago
$6,500,000
  • 0
    BEDS
  • 0.38
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1960
County:

School Ratings & Info

Listing Agent(s): Michael Lopus of Colliers International ((213) 532-3298)


Description

3445 & 3449 Richland combined. Fourteen of the Sixteen units have been renovated with upgraded interiors, offering strong rental appeal and reduced near-term capital needs. The property has received substantial plumbing improvements, including new sewer connections to the street, ensuring long-term infrastructure reliability. With consistently high occupancy, minimal vacancy, and a proven record of professional maintenance, this garden-style community represents a stable, well-performing asset with upside potential through continues modernization and rent growth.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2026-03-10T00:27:18.93. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Realty ONE Group Empire. Licensed in the State of California, USA.
www.bestsocalhomesearch.com/homes/170352330
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3445 Richland Drive Santa Barbara, CA 93105

  • Price: $6,500,000
  • Status: Active
  • On Site: 109 Days
  • Updated: 160 min ago
  • ID#: V1-33479
0
Beds
0
Baths
0
½ Baths
0.38
Acres
1960
Built
Neighborhood:
Santa Barbara: Other
County:
Santa Barbara
Area:
VC81 - Santa Barbara
Property Description
3445 & 3449 Richland combined. Fourteen of the Sixteen units have been renovated with upgraded interiors, offering strong rental appeal and reduced near-term capital needs. The property has received substantial plumbing improvements, including new sewer connections to the street, ensuring long-term infrastructure reliability. With consistently high occupancy, minimal vacancy, and a proven record of professional maintenance, this garden-style community represents a stable, well-performing asset with upside potential through continues modernization and rent growth.
Exterior Features

Fencing None Lot Features Sprinklers None Number Of Separate Electric Meters 16 Parking Features None Parking Total 0 Pool Features None Pool Private YN No Property Attached YN No Spa Features None Spa YN No View None View YN No

Interior Features

Appliances Free-Standing RangeGas Range Common Walls No Common Walls Cooling None Cooling YN No Fireplace Features None Fireplace YN No Heating See Remarks Heating YN Yes

Property Features

Association Fee 0 Community Features Sidewalks Electric Expense 776 Fuel Expense 4258 Garage YN No Gross Income 479868 Gross Scheduled Income 476340 Insurance Expense 9271 Land Lease YN No Laundry Features None Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashConventional Net Operating Income 321797 Number Of Separate Gas Meters 16 Number Of Separate Water Meters 16 Number Of Units Leased 16 Operating Expense 489600 Pest Control Expense 1450 Property Sub Type Mixed Use Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Trash Expense 11647 Utilities Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected Water Sewer Expense 18795 Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2026-03-10T00:27:18.93. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Realty ONE Group Empire. Licensed in the State of California, USA.
 
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Realty ONE Group Empire
13330 Ranchero Rd. Ste 12
Oak Hills CA, 92344
Listing Agent(s): Michael Lopus of Colliers International ((213) 532-3298)