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$3,295,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • Updated 20 hours ago
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3432 Richland Drive is a rare opportunity to purchase an attractive and mostly stabilized 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. The 8 units are 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. The property delivers a solid current yield approaching a mid-5%'s cap rate, with remaining upside over time. Possible loan assumption below 6% interest rate, contact agent for details. Offering Memorandum in Documents.

Full Property Details for 3432 Richland Dr

General

  • Price: $3,295,000
  • HOA FEE: $6,592
  • Status: Active
  • Type: Multi-Family
  • Source: SBAOR
  • MLS ID: 26-3047
  • Updated: 9/10/2026
  • Added to Site: 1 day(s) ago

Rooms

Other Rooms

  • Laundry: Laundry Room

Parking

  • Parking Features: Outside

Location

  • Area: 20 - SB/WEST OF STATE
  • County: Santa Barbara
  • Cross Streets: Broadmoor

School Information

  • Elementary School: Adams
  • Middle School: LaCumbre
  • High School: San Marcos

Structural Information

  • Foundation: Slab
  • Square Feet: 4,707
  • Living Area: 4,707 Sq. Ft.
  • Year Built: 1962
  • Property Condition: Good

Lot Features

  • Lot Size (Acres): 0.22
  • Lot Size (Sq. Ft.): 9,583
  • Lot Size: 9583
  • Lot Features: Near Public Transit
  • Zoning: R-3

Financial Considerations

  • Maint. Fee: $6,592
  • Maint. Fee/Month: $6,592
  • Terms: Cash, Conventional, CTL

Disclosures and Reports

  • Property ID: 051-061-018

Listed by Berkshire Hathaway HomeServices California Properties

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— 3432 Richland Dr —

  • Berkshire Hathaway HomeServices California Properties

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NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Schools serving 3432 Richland Dr

School District:Santa Barbara Unified School District
NameGradesDistance
Adams Elementary School, Santa Barbara, CA
2701 Las Positas Road, Santa Barbara, CA 93105
PK-60.5 mi
La Cumbre Junior High School
2255 Modoc Road, Santa Barbara, CA 93101
7-81.2 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 3432 Richland Dr Get Price Alerts and Save Property

Date
Details
Price
Change
Source
9/10/2026
Listed
$3,295,000
31.54%
MLS
2/28/2022
Sold
$2,505,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 3432 Richland Dr

Year
Property Taxes
Change
Tax Assessment
Change
2025
$27,998
—
$2,702,624
2%
2025
$27,998
2%
$2,649,632
2%
2024
$27,519
2%
$2,597,680
2%
2023
$27,020
6%
$2,546,746
6%
2022
$25,463
2%
$2,393,714
2%
2021
$24,879
1%
$2,346,779
1%
2020
$24,623
2%
$2,322,717
2%
2019
$24,194
1%
$2,277,175
2%
2018
$23,852
10%
$2,232,526
9%
2017
$21,627
6%
$2,052,000
5%
2016
$20,483
1%
$1,954,000
2%
2015
$20,210
26%
$1,916,000
26%
2014
$16,094
5%
$1,517,500
5%
2013
$15,344
—
$1,450,000
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Berkshire Hathaway HomeServices California Properties

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3432 Richland Drive, Santa Barbara, CA 93105 (MLS# 26-3047) is a Multi-Family property with 8 units containing 0 bedrooms and 0 full bathrooms. 3432 Richland Drive is currently listed for $3,295,000 and was received on September 10, 2026. Want to learn more about 3432 Richland Drive? Do you have questions about finding other Multi-Family real estate for sale in West of State? You can browse all West of State real estate or contact a Coldwell Banker agent to request more information.

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