3445 Richland Drive, SANTA BARBARA, CA 93101 (MLS# 26-65)

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3445 Richland Drive, SANTA BARBARA, CA 93101

$5,850,000

Property Type: Res Inc Square Footage: 10,758 Lot Size (sq. ft.): 16,552 Status: Closed

Current Price: $5,850,000 List Date: 1/08/2026 Last Modified: 5/18/2026

Overview

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 continued modernization and rent growth.

Listing Details MLS# 26-65

Location Info

District: 20 - SB/WEST OF STATE
Street #: 3445
Street Name: Richland
Street Suffix: Drive
State: CA
Country: US
Postal Code: 93101
Compass Map: Santa Barbara
Map Grid: M11
County: Santa Barbara
Parcel Number: 051-080-009
Cross Street: State St
Walk Score: 8
Bike Score: 7

Contract Info

Price: 6500000
Begin Date: 2026-01-08

Status Information

Sold Date: 2026-04-30
Under Contract Date: 2026-04-17

Property Information

Number of Units: 16
Year Built: 1960
Main House SqFt: 10758
Apx Lot SqFt: 16552
Recurring Fees: No

Remarks

Hot Sheet Comment: new

Miscellaneous

# Refrigerators: 16
# Stoves: 16
Parking Spaces: 0

More Information

Unit 1

# Units: 16
# Bedrooms: Yes
# Baths: Yes
Furnished: N
Rent: 2200
Monthly Total: 2200
# Half Baths: 0

Unit 2

# Bedrooms: Yes
# Baths: Yes
Rent: 2200

Unit 3

# Bedrooms: Yes
# Baths: Yes
Rent: 2490

Unit 4

# Bedrooms: Yes
# Baths: Yes
Rent: 2500

Meters

Sep Meter Wtr: Y
Sep Meter Elec: Y
Sep Meter Gas: Yes

Neighborhood/Schools

Elementary School: Adams
Junior High School: LaCumbre
High School: San Marcos

Owner Info

Deposit: 0

Condition

Good: Yes

Laundry

None: Yes

Amenities

Gas Stove: Yes
Dishwasher: Yes
Microwave: Yes
Refrigerator: Yes

Income/Expenses

Total Monthly Income: 40550
Annual Income: 486600
Insurance: 9271
Water Expense: 9795
Electric Expense: 776
Gas Expense: 4258
Trash Expense: 11647
Maintenance Expense: 9000
Total Monthly Exp: 158071

Zoning

R-4: Yes

Terms

Cash: Yes

Listing Type

ER: Yes

Parking Info

On Street: Yes

Flr/Wdw Coverings

Carpet: Yes
Wood/Laminate: Yes

Property Features

Condition: Good Parking Info: On Street Laundry: None Amenities: Gas Stove; Dishwasher; Microwave; Refrigerator Zoning: R-4 Terms: Cash Listing Type: ER

Listing Office: Colliers International Greater Los Angeles, Inc.

Last Updated: May - 18 - 2026

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