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Image 1 - 3432 Richland Dr, Santa Barbara, California, 93105 - House for sale
Image 2 - 3432 Richland Dr, Santa Barbara, California, 93105 - House for sale
Image 3 - 3432 Richland Dr, Santa Barbara, California, 93105 - House for sale
Image 4 - 3432 Richland Dr, Santa Barbara, California, 93105 - House for sale
Image 5 - 3432 Richland Dr, Santa Barbara, California, 93105 - House for sale
Image 6 - 3432 Richland Dr, Santa Barbara, California, 93105 - House for sale
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Richland Dr, Santa Barbara, Home For Sale
3432 Richland Dr, Santa Barbara, California, 93105

Richland Dr, Santa Barbara, Home For Sale

house for sale
Listed: 06/29/24

3432 Richland Dr, Santa Barbara, California, 93105

3 Bed:
2 Bath:
Save
Price
$ 3,3M

About This House

3432 Richland Drive is a rare opportunity to purchase an attractive 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. There are 8 units total in a single building, the unit mix is 1 x2-BR/1-BA, 5x1-BR/1-BAand 2 studios. The property has good curb appeal with manicured landscaping, and is set privately in a corner location. Consider as a secure ongoing investment (4.73% cap on nextAB 1482), or leverage the desirable central location for value-add upside (5.35% projected). See Offering Memorandum in Documents for details.

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Upper State Housing & Living

Household Income

Median household income: $71,160
Number of households: 36,114
The average household income in Santa Barbara, CA grew from $66,916 to $71,160 in the past year. This data is an estimate based upon 36,114 households in Santa Barbara, CA.
The chart below presents how household income is distributed in Santa Barbara, CA in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $3k+
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Santa Barbara, CA compared to median property taxes around the country. The prevalent amount of property taxes in Santa Barbara, CA equals $3k+ , which is more than the national average.