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3 Beds
3 Baths
4,707 sqft

$3,295,000

3432 Richland Drive, SANTA BARBARA CA, 93105

Price per sqft$700.02
Built in1962
Property size4,707 sqft
Property typeResidential
Courtesy of Ken Switzer, Berkshire Hathaway HomeServices California Properties

Overview

Active

Listed Sep 10, 2026

Updated 4 days ago

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.

$21,922/mo

Est. mortgage payment based on a $3,295,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
26-3047

Interior Features

Bedrooms
3
Bathrooms
3
Basement
No

Exterior Features

Lot Size
0.22 Acres

Other Property Details

Maintenance Expense
$6,592

Listed by Berkshire Hathaway HomeServices California Properties, Ken Switzer,
Listing Contact: [email protected] 

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Data last updated 3:21 AM UTC, 9/16/2026

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