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  • 3432 Richland Drive

3432 Richland Drive, Santa Barbara, CA 93105

$3,295,000 Approx. USD 0 beds, 0 baths
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The Keaty Team REALTOR® - Sales Associate 714-608-3298 m
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Lic#: 01276603
NRDS ID: 187514104
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Lic#: 01276603
NRDS ID: 187514104
thekeatyteam@bhhscal.com Tustin Office
18302 Irvine Blvd, Suite 240
Tustin, CA 92780
Phone: 714-832-8800
Fax: 949-565-7700
 Tustin 18302 Irvine Blvd, Suite 240
Tustin, CA 92780
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Ken Switzer | KSwitzer@bhhscal.com
Lic#: 01245644
Broker: Courtesy of Berkshire Hathaway HomeServices California Properties

Agent Remarks

3432 Richland Drive is a rare opportunity to purchase an attractive and mostly stabilized 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. The 8 units are 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. The property delivers a solid current yield approaching a mid-5%'s cap rate, with remaining upside over time. Possible loan assumption at 5.69% interest rate, contact agent for details. Offering Memorandum in Documents.

Listing Details

Property type: (Multi-Family)
Status: Active
MLS# 26-3047
Price: $3,295,000
Beds: 0
Baths: 0
Built in 1962
2 stories
9583.00 acres
Lot size: 0.2200
County: Santa Barbara
Zoning: R-3
Parking description: Outside
Lot description: Near Public Transit
MLS area: 20 - SB/WEST OF STATE

Last Updated: 9/30/2026

 Days On Market (DOM): 20

 Find more SANTA BARBARA homes and real estate

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This listing belongs to the 20 - SB/WEST OF STATE MLS area

Lat/Long: 34.439609, -119.738430.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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