3445 Richland Drive Santa Barbara, CA $ 6,500,000
3445 Richland Drive
$ 6,500,000
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3445 Richland Drive

Santa Barbara, CA, 93105
$ 6,500,000
Baths1.0

Monthly Estimate*

$ 40,552

Listed by Colliers International
3445 Richland Drive, Santa Barbara, CA 93105 - Image 1
3445 Richland Drive, Santa Barbara, CA 93105 - Image 2
3445 Richland Drive, Santa Barbara, CA 93105 - Image 3
3445 Richland Drive, Santa Barbara, CA 93105 - Image 4
3445 Richland Drive, Santa Barbara, CA 93105 - Image 5
3445 Richland Drive, Santa Barbara, CA 93105 - Image 6
3445 Richland Drive, Santa Barbara, CA 93105 - Image 7
3445 Richland Drive, Santa Barbara, CA 93105 - Image 8
3445 Richland Drive, Santa Barbara, CA 93105 - Image 9
3445 Richland Drive, Santa Barbara, CA 93105 - Image 10
3445 Richland Drive, Santa Barbara, CA 93105 - Image 11
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Studio

Multi-Family Home for sale in Santa Barbara, CA

for $6,500,000 with 1 full bath. This home was built in 1960 on a lot size of 0.38.

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.

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Multi-Family Active

Price

$ 6,500,000

Bedrooms

Studio

Full Bath

1

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.38

Year Built

1960

Town/City

Santa Barbara

County/Region

Santa Barbara

MLS | Web ID

V1-33479

Days on Market

18

Features
General
Sewer Public Sewer
Heating See Remarks
Cooling None
Utilities Electricity Connected Natural Gas Connected Sewer Connected Water Connected
Appliances Free-Standing Range Gas Range
HOA Fee 0
Garage Spaces 0
Pool Features None
Year Built 1960
View None
Stories Count 2
Levels Two
Property Subtype Mixed Use
Gross Income 479868
Community Features Sidewalks
County Santa Barbara
Net Operating Income 321797
Operating Expense 489600
Insurance Expense 9271
Property Type Residential Income
Subdivision Name Santa Barbara: Other
Garage Y/N false
Special Listing Conditions Standard
Status Active
Directions Richland off Broadmoor Plaza
City Santa Barbara
Senior Community Y/N false
MLS Area VC81 - Santa Barbara
Lot Size Units Square Feet
Lot Size Square Feet 16552
Number of Units Leased 16
Listing Terms Cash Conventional
Spa Features None
Property Attached Y/N false
Land Lease Y/N false
Electric Expense 776
Fuel Expense 4258
Trash Expense 11647
Water Sewer Expense 18795
Rent Control Y/N false
Standard Status Active
Year Built Source Public Records
Property Sub Type Additional Mixed Use
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Interior
Fireplace Features None
Common Walls No Common Walls
Air Conditioning Y/N false
Heating Y/N true
Fireplace Y/N false
Laundry Features None
Total Baths 0
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Exterior
Fencing None
Parking Features None
Lot Features Sprinklers None
Water Source Public
Total Parking 0
Lot Size Area 16552
Number of Buildings 2
Spa false
Lot Size Acres 0.38
Private Pool false
Lot Size Source Public Records
Number of Separate Water Meters 16
Number of Separate Gas Meters 16
Number of Separate Electric Meters 16
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* Excluded Features
List By
Colliers International

Broker

mike.lopus@colliers.com

Email

Affordability Calculator

$40,552
Per Month
100%
0%
0%
Monthly Principal & Interest
$40,552
Monthly Property Taxes
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Monthly Home Insurance
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Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
11/21/2025$6,500,000 Listed Price

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3445 Richland Drive, Santa Barbara, CA, 93105 is a Multi-Family Home for sale at $6,500,000 with a lot size of 0.38. 3445 Richland Drive is a studio with 1.0 baths and was built in 1960. The property's zip code is 93105 which is in Santa Barbara, CA