3432 Richland Drive Santa Barbara, CA 93105

3432 Richland Drive is a rare opportunity to purchase an attractive 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 empl...oyer), 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. Continue reading