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$5,850,000
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Property 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.
Full Property Details
Full Property Details for 3445 Richland Dr
General
- Sold For: $5,850,000
- HOA FEE: $9,000
- Status: Closed
- Type: Multi-Family
- Source: SBAOR
- MLS ID: 26-65
- Added to Site: 133 day(s) ago
Interior
- Flooring: Carpet, Wood/Laminate
Rooms
Other Rooms
- Laundry: None
Parking
- Parking Features: On Street
Location
- Area: 20 - SB/WEST OF STATE
- County: Santa Barbara
- Cross Streets: State St
School Information
- Elementary School: Adams
- Middle School: LaCumbre
- High School: San Marcos
Structural Information
- Square Feet: 10,758
- Living Area: 10,758 Sq. Ft.
- Year Built: 1960
- Property Condition: Good
Lot Features
- Lot Size (Acres): 0.38
- Lot Size (Sq. Ft.): 16,552
- Lot Size: 16552
- Zoning: R-4
Financial Considerations
- Maint. Fee: $9,000
- Maint. Fee/Month: $9,000
- Terms: Cash
Disclosures and Reports
- Property ID: 051-080-009
Listed and Sold by Colliers International Greater Los Angeles, Inc.
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Schools
Schools serving 3445 Richland Dr
School District:Santa Barbara Unified School District
| Name | Grades | Distance |
|---|---|---|
Adams Elementary School, Santa Barbara, CA 2701 Las Positas Road, Santa Barbara, CA 93105 | PK-6 | 0.5 mi |
La Cumbre Junior High School 2255 Modoc Road, Santa Barbara, CA 93101 | 7-8 | 1.2 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 3445 Richland Dr
Date
Details
Price
Change
Source
4/30/2026
Sold
$5,850,000
-10%
MLS
1/08/2026
Listed
$6,500,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
3445 Richland Drive, Santa Barbara, CA 93101 (MLS# 26-65) is a Multi-Family property that was sold at $5,850,000 on April 30, 2026. Want to learn more about 3445 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.

