3432 Richland Drive, Santa Barbara, CA 93105

Santa Barbara
Local realty services provided by:Better Homes and Gardens Real Estate Property Shoppe
3432 Richland Drive,Santa Barbara, CA 93105
$3,295,000
  • - Beds
  • - Baths
  • 4,707 sq. ft.
  • Multi-family
  • Active
Listed by: ken switzer
Office: berkshire hathaway homeservices california properties
MLS#:26-3047
Source:SBAOR

Price summary

  • Price:$3,295,000
  • Price per sq. ft.:$700.02

About this home

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 below 6% interest rate, contact agent for details. Offering Memorandum in Documents.

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Home facts

  • Year built:1962
  • Listing ID #:26-3047
  • Added:4 day(s) ago
  • Updated:September 14, 2026 at 02:39 PM

Rooms and interior

  • Living area:4,707 sq. ft.

Structure and exterior

  • Year built:1962
  • Building area:4,707 sq. ft.
  • Lot area:0.22 Acres
  • Lot Features:Near Public Transit
  • Foundation Description:Slab

Schools

  • High school:San Marcos
  • Middle school:LaCumbre
  • Elementary school:Adams

Finances and disclosures

  • Price:$3,295,000
  • Price per sq. ft.:$700.02

Features and amenities

  • Laundry features:Laundry Room
Based on information from the Santa Barbara MLS as of September 14, 2026 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.

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