3432 Richland Dr

    Santa Barbara, CA 93105
    • $2,275,000
    • STATUS: Active
    • ON SITE: 203 days
    • MLS #: 17-2604
    UPDATED: 57 min ago
    $2,275,000
    • 0
      BEDS
    • 0.22
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1962
    County:

    School Information

    Elementary School:
    Middle School:
    High School:
    Listing provided courtesy of Hayes Commercial Group.

    Description

    Eight-unit apartment located in the desirable upper State Street neighborhood near restaurants, Whole Foods, Gelson's, SB Municipal Golf Club,parks, schools, and minutes to the beach and downtown. The property provides ample onsite parking, several updated units, and two units withfireplaces. All units are significantly below market allowing a buyer the potential to obtain higher rents in a strong rental market with a vacancyrate of approximately 1%.

    Monthly Payment Calculator



    The data relating to real estate for sale on this web site comes from the Internet Data Exchange Program of the Santa Barbara Multiple Listing Service. Real estate listings held by brokerage firms other than The Zia Group are marked with the "MLS" logo and detailed information about them includes the name of the listing brokers. All information is deemed reliable, but is not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor The Zia Group shall be responsible for any typographical errors, misinformation, or misprints. © 2018 Santa Barbara Multiple Listing Service. All rights reserved. Data last updated 2018-02-21T22:47:41.067.
    www.theziagroup.com/homes/75396988

    3432 Richland Dr Santa Barbara, CA 93105

    • Price: $2,275,000
    • Status: Active
    • Updated: 57 min ago
    • MLS #: 17-2604
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.22
    Acres
    1962
    Built
    Neighborhood:
    SB/West of State
    County:
    Santa Barbara
    Area:
    SB/West of State
    Elementary School:
    Adams
    Middle School:
    Lacumbre
    High School:
    S.B. Sr.
    Property Description
    Eight-unit apartment located in the desirable upper State Street neighborhood near restaurants, Whole Foods, Gelson's, SB Municipal Golf Club,parks, schools, and minutes to the beach and downtown. The property provides ample onsite parking, several updated units, and two units withfireplaces. All units are significantly below market allowing a buyer the potential to obtain higher rents in a strong rental market with a vacancyrate of approximately 1%.
    Exterior Features

    Parking Information Uncovered Parking Spaces 12.00

    Interior Features

    Laundry Room Unit1 Baths 1.00 Unit1 Bedrooms 1.00 Unit1 Half Baths 0.00 Unit2 Baths 1.00 Unit2 Bedrooms 0.00

    Property Features

    Condition Good Cross Street Broadmore Deposit 72000.00 Exchange Poss Foundation Slab Income Expenses Actual Income Expenses Annual Income 140191.00 Income Expenses Capitalization Rate 3.84 Income Expenses Gross Rent Multiplier 16.03 Income Expenses NOI 87257 Income Expenses Other Income 1152.00 Income Expenses Total Monthly Expenses 52934.00 Income Expenses Total Monthly Income 11825.00 Meters Separate Meter Electric Yes Meters Separate Meter Gas No Meters Separate Meter Water No Proximity Near BusNear HospitalNear Park(S)Near School(S)Near Shopping Reports Available Build PlansNhdOtherPest InspectionPrelim Terms Cash Unit1 Furnished No Unit1 Monthly Total 9275.00 Unit1 Rent 1546.00 Unit1 Units 6.00 Unit2 Monthly Total 2550.00 Unit2 Rent 1275.00 Unit2 Units 2.00 Zoning R-3



    The data relating to real estate for sale on this web site comes from the Internet Data Exchange Program of the Santa Barbara Multiple Listing Service. Real estate listings held by brokerage firms other than The Zia Group are marked with the "MLS" logo and detailed information about them includes the name of the listing brokers. All information is deemed reliable, but is not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor The Zia Group shall be responsible for any typographical errors, misinformation, or misprints. © 2018 Santa Barbara Multiple Listing Service. All rights reserved. Data last updated 2018-02-21T22:47:41.067.
    The Zia Group
    1435 Anacapa Street
    Santa Barbara CA, 93101
    Listing provided courtesy of Hayes Commercial Group.