$5,850,000

3445 Richland Drive, SANTA BARBARA CA, 93101

Price per sqft$543.78

Built in1960

Property size10,758 sqft

Property typeResidential

Courtesy of Michael Lopus, Colliers International Greater Los Angeles, Inc.

Overview

Sold

Closed

Listed Jan 8, 2026

Updated Jun 10

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.

Additional information

MLS^® ID: 26-65

Interior Features

Bedrooms: 4
Bathrooms: 4
Basement: No

Exterior Features

Lot Size: 0.38 Acres

Other Property Details

Maintenance Expense: $9,000

Listed by Colliers International Greater Los Angeles, Inc., Michael Lopus,
Listing Contact: [email protected]

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Data last updated 7:11 PM UTC, 6/10/2026