3445 Richland Drive, SANTA BARBARA, CA 93101
$6,500,000
Property Type:
Res Inc
Square Footage:
10,758
Lot Size (sq. ft.):
16,552
Status:
Pending
Current Price:
$6,500,000
List Date:
1/08/2026
Last Modified:
4/20/2026
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.
More Information MLS# 26-65
Location Info
Country: US
Compass Map: Santa Barbara
Map Grid: M11
Cross Street: State St
Walk Score: 8
Bike Score: 7
District: 20 - SB/WEST OF STATE
Street #: 3445
Street Name: Richland
Street Suffix: Drive
State: CA
Postal Code: 93101
County: Santa Barbara
Parcel Number: 051-080-009
Property Information
Year Built: 1960
Apx Lot SqFt: 16552
Main House SqFt: 10758
Recurring Fees: No
Number of Units: 16
Neighborhood/Schools
Elementary School: Adams
Junior High School: LaCumbre
High School: San Marcos
Owner Info
Deposit: 0
Remarks
Hot Sheet Comment: new
Condition
Good: 1
Miscellaneous
Parking Spaces: 0
# Refrigerators: 16
# Stoves: 16
Laundry
None: 1
Amenities
Gas Stove: 1
Dishwasher: 1
Microwave: 1
Refrigerator: 1
Unit 1
# Units: 16
# Bedrooms: 1
# Baths: 1
# Half Baths: 0
Furnished: N
Rent: 2200
Monthly Total: 2200
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
Unit 2
# Bedrooms: 1
# Baths: 1
Rent: 2200
Zoning
R-4: 1
Terms
Cash: 1
Listing Type
ER: 1
Unit 3
# Bedrooms: 1
# Baths: 1
Rent: 2490
Unit 4
# Bedrooms: 1
# Baths: 1
Rent: 2500
Meters
Sep Meter Wtr: Y
Sep Meter Elec: Y
Sep Meter Gas: Yes
Parking Info
On Street: 1
Flr/Wdw Coverings
Carpet: 1
Wood/Laminate: 1
Contract Info
Current Price: $6,500,000
Price: 6500000
Begin Date: 2026-01-08
Status: Pending
Status Information
Under Contract Date: 2026-04-17
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: April - 20 - 2026
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