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3432 RICHLAND DR SANTA BARBARA, CA 93105
- Townhouse or Condo / Resale (MLS)
Property Details for 3432 RICHLAND DR, SANTA BARBARA, CA 93105
Features
- Price/sqft: $700
- Lot Size: 0.22 acres
- Total Units: 8
Facts
- Year Built: 01/01/1962
- Property ID: 897221264
- MLS Number: 242094
- Parcel Number: 051-061-018
- Property Type: Townhouse or Condo
- County: Santa Barbara
Description
This is an MLS listing, meaning the property is represented by a real estate broker, who has contracted with the home owner to sell the home.
This listing is NOT a foreclosure. 3432 Richland Drive is a rare opportunity to purchase an attractive mid-size multi-family building in the center of Santa Barbara's Upper State corridor - a hub of restaurants, retail and financial services. The location is also within a mile of Cottage Hospital (Santa Barbara's largest private employer), and near the Muni Golf Course, MacKenzie Park and La Cumbre Shopping Center. There are 8 units total in a single building, the unit mix is 1 x 2-BR/1-BA, 5 x 1-BR/1-BA and 2 studios. The property has good curb appeal with manicured landscaping, and is set privately in a corner location. Consider as a secure ongoing investment (4.73% cap on next AB 1482), or leverage the desirable central location for value-add upside (5.35% projected). See Offering Memorandum in Documents for details.
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