3432 Richland Drive, Santa Barbara, CA 93105

$3,295,000
4,707
SqFt
List Price
$3,295,000
Status
ACTIVE
MLS#
24-294
Living Area
4,707
Lot Size
9,583
Region
SB/WEST OF STATE
Year Built
1962

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

Additional Information

Elementary School
Adams
Middle School
LaCumbre
High School
San Marcos
Acres
0.22
Annual Income
204324
Capitalization Rate
4.23
Condition
Good
Electric Expense
336
Gas Expense
3378
Insurance
5000
Living Area
4,707
Lot Size
9,583
Maintenance Expense
$2400
Region
SB/WEST OF STATE
Stories
2
Taxes
$34,927
Total Annual Expense
65101
Total Monthly Income
$17,027
Units
8
Water Expense
8380
Zoning
R-3

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Berkshire Hathaway HomeServices California Properties.