3445-3449 Richland Dr. Multi-Family FOR SALE


Santa Barbara, CA - North State
$6,500,000 USD
805-680-8806
, Santa Barbara, CA for Sale
$6,500,000 USD
Multi-Family - FOR SALE
1/9
null | 4.95% Cap Rate

3445-3449 Richland Dr.
Santa Barbara, CA
North State


HIGHLIGHTS

  • Properties can be purchased together or separately
  • Consistently high occupancy, minimal vacancy, and a proven record of professional maintenance
  • Fourteen units have been fully renovated with upgraded interiors
  • Property has received substantial plumbing improvements

OVERVIEW

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.

ASK ABOUT THIS PROPERTY

Mike LopusColliersMore Info
805-680-8806

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Mike LopusColliersMore Info
805-680-8806

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.