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Berkshire Hathaway HomeServices California Properties
3445 Richland Drive, Santa Barbara, CA 93105
- $5,850,000
- Sold Price
- $5,850,000
- List Price
- $6,500,000
- Closing Date
- Apr 30, 2026
- Status
- CLOSED
- MLS#
- V1-33479
- Year Built
- 1960
- Lot Size
- 16,552
- Acres
- 0.38
- Lot Location
- Sprinklers None
- Days on Market
- 135
- Property Type
- Multifamily
- Property Sub Type
- Mixed Use
- Stories
- Two Levels
- Neighborhood
- Santa Barbara: Other
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 continues modernization and rent growth.
Additional Information
- Appliances
- Free-Standing Range, Gas Range
- Pool Description
- None
- Heat
- See Remarks
- Cooling Description
- None
- View
- None
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Detached
- Gross Scheduled Income
- $476,340
- Operating Expense
- 489600
Listing courtesy of Listing Agent: Michael Lopus (mike.lopus@colliers.com) from Listing Office: Colliers International.
Listing sold by Non Member from Unknown Agency
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. 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.