3445 Richland Drive, Santa Barbara, CA 93101

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Sold Price
$5,850,000
List Price
$6,500,000
Status
CLOSED
MLS#
26-65
Closing Date
Apr 30, 2026
Living Area
10,758
Lot Size
16,552
Region
SB/WEST OF STATE
Year Built
1960

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 continued modernization and rent growth.

Additional Information

Elementary School
Adams
Middle School
LaCumbre
High School
San Marcos
Laundry
None
Living Area
10,758
Lot Size
16,552
Parking Garage
On Street
Region
SB/WEST OF STATE
Terms
Cash
Units
16
Zoning
R-4

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Listing courtesy of Colliers International Greater Los Angeles, Inc.. Selling Office: .