$3,295,000 Price Analysis   ♡   Santa Barbara, CA 93105 3 bed 2 bath unknown SqFt ($0/SqFt) 9,583SqFt lot. Built 1962 Listed 2024-06-26, Taxes $25,462 | Ⓧ USDA Ineligible due to price & location near Santa Barbara |
3432 Richland Drive is a rare opportunity to purchase an attractive mid-size multi-family building in the center f 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 priv ate 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.
Presented by Ken Switzer at
Berkshire Hathaway HomeServices.
Property MLS #24-2094 from SantaBarbara
Full Bathrooms: 2
Lot Size Acres: 0.2199954
Lot Size Square Feet: 9583
Parking Total: 8
Calculated Total Monthly Association Fees: 0
High School: San Marcos
Middle School: LaCumbre
Map directions Map directions Map directions Map directionsBedrooms in Unit-2: 1
Full Bathrooms in Unit-2: 1
Full Bathrooms in Unit-3: 1
Unit-1 Furnished Description: N
County: Santa Barbara
Source Property Type: Res Inc
Area: 20 - SB/WEST OF STATE
MLS Area Minor: 20 - SB/WEST OF STATE
Source Neighborhood: 20 - SB/WEST OF STATE
Owner Pays: Trash Collection, Water, Gas
Parcel Number: 051-061-018
Zoning: R-3
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $1,131,205 + $1,262,509 $2,393,714 | $25,462 |
| 2021 | $1,109,025 + $1,237,754 $2,346,779 | $24,878 |
| 2020 | $1,097,654 + $1,225,063 $2,322,717 | $24,622 |
| 2019 | $1,076,132 + $1,201,043 $2,277,175 | $24,193 |
| 2018 | $1,055,032 + $1,177,494 $2,232,526 | $23,851 |
| 2017 | $986,000 + $1,066,000 $2,052,000 | $21,626 |
| 2016 | $939,000 + $1,015,000 $1,954,000 | $20,483 |
| 2015 | $921,000 + $995,000 $1,916,000 | $20,210 |
| 2014 | $730,000 + $787,500 $1,517,500 | $16,094 |
| 2013 | $696,000 + $750,000 $1,450,000 | $15,344 |
| 2012 | $955,729 + $1,066,663 $2,022,392 | $21,169 |
| 2010 | $936,990 + $1,045,749 $1,982,739 | $20,506 |
| 2009 | $932,198 + $1,040,400 $1,976,598 | $20,554 |
| 2009 | $929,988 + $1,037,934 $1,971,922 | $20,554 |
| 2008 | $913,920 + $1,020,000 $1,937,920 | $20,089 |
| 2007 | $896,000 + $1,000,000 $1,900,000 | $19,542 |
$3,295,000
SantaBarbara
Listing removed 2024-06-01
$0
SantaBarbara
Listed 2024-01-26
$3,295,000
SantaBarbara
Sold 2022-03-15
$2,505,000
SantaBarbara
Listing removed 2020-08-31
$2,325,000
CRMLSFlex
Listing removed 2020-08-03
$2,325,000
CRMLSFlex
Listing removed 2018-01-01
$2,325,000
CRMLSFlex
Price Changed 2017-09-28
$2,325,000
CRMLSFlex
Listed 2017-08-29
$2,400,000
CRMLSFlex
Foundation Details: Slab
Property Age: 62
Property Condition: Good
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.