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3445-3449 Richland Dr. 2 Multifamily Properties Offered at $6,500,000 in Santa Barbara, CA
Investment Highlights
- Properties can be purchased together or separately
- Fourteen units have been fully renovated with upgraded interiors
- Consistently high occupancy, minimal vacancy, and a proven record of professional maintenance
- Property has received substantial plumbing improvements
Executive Summary
Fourteen units have been fully 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 continued modernization and rent growth.
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 continued modernization and rent growth.
Property Facts
| Price | $6,500,000 | Number of Properties | 2 |
| Price / SF | $605.33 / SF | Individually For Sale | 0 |
| Cap Rate | 4.95% | Total Building Size | 10,738 SF |
| Sale Type | Investment | Total Land Area | 0.38 AC |
| Status | Active |
| Price | $6,500,000 |
| Price / SF | $605.33 / SF |
| Cap Rate | 4.95% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 10,738 SF |
| Total Land Area | 0.38 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 3445 Richland Dr, Santa Barbara, CA 93105 | Multifamily | 5,379 SF | 1990 | - |
| 3449 Richland Dr, Santa Barbara, CA 93105 | Multifamily | 5,359 SF | 1990 | - |
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3445-3449 Richland Dr.
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