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8-Unit Apartment Building
For Sale
Contact for pricing
Pending

3432 Richland Dr, Santa Barbara, CA 93105

Two-story multifamily property with a landscaped courtyard and a varied apartment mix near Upper State amenities.

Property SizeContact for details
Days on Market142

Property Features for 3432 Richland Dr

General Information

Standard status Pending
Property subtype Multifamily

Units

Unit Mix 1 x 2-BR/1-BA, 5 x 1-BR/1-BA, 2 x studio
Multifamily Units 8

Amenities

center courtyard

Building Details

Buildings 1
Stories 2
Listing Agency: Berkshire Hathaway Commercial Division
Listed By: Ken Switzer · License #CA 01245644
Source: Crexi
Added: Apr 12 Changed: Aug 30 Last Checked: Aug 30 at 2:19PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Berkshire Hathaway Commercial Division

Investment Insights

Based on property information with market context.

Located at 3432 Richland Drive in Santa Barbara, this multifamily property contains eight apartments within a single L-shaped, two-story building. The unit mix includes one two-bedroom, one-bath apartment, five one-bedroom, one-bath apartments, and two studios. Interiors and exterior areas have been well maintained, while the property also features manicured landscaping, mature palm trees, and a private center courtyard. Downstairs apartments open directly to the courtyard through sliders.

The building occupies a corner position where Richland Drive curves toward a cul-de-sac. The property is situated in Santa Barbara’s Upper State corridor, with restaurants, retail, financial services, grocery stores, and shopping centers nearby. The Municipal Golf Course, McKenzie Park, Loreto Plaza, La Cumbre Shopping Center, and Five Points Center are a few blocks away. Cottage Hospital is within 1 mile, downtown Santa Barbara is 2 miles away, and the beaches and waterfront are 3 miles away.

Key Highlights

  • Eight apartments in one L‑shaped, two‑story building
  • Unit mix: 1 x 2‑BR/1‑BA, 5 x 1‑BR/1‑BA, and 2 studios
  • Private center courtyard with slider access from downstairs units

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Parking Lot & Garage Food Market (Bike/Boat/Book/etc) Store Grocery & Convenience Store Locksmith HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

8
Residential units

Location Intelligence

Trade Area within ½ mile

1,461
Businesses Nearby

Demographics for 93105, CA

26,003
Population
11,401
Households
2.3
Avg Household Size
49
Median Age
60%
College-Educated
94%
High-School Grad
139.8 sq mi
ZIP Area
186
Density / Sq Mi
$129,549
Median Household Income
$64,371
Median Earnings
$2,572
Median Rent
$1,496,500
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Two-story multifamily property with a landscaped courtyard and a varied apartment mix near Upper State amenities.
Where is this apartment building located?
The property is located at 3432 Richland Dr Santa Barbara, CA.
What are key features of this property?
This property features: Eight apartments in one L‑shaped, two‑story building; Unit mix: 1 x 2‑BR/1‑BA, 5 x 1‑BR/1‑BA, and 2 studios; Private center courtyard with slider access from downstairs units
(805) 680-4622 Call to check price and availability
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