321 & 319 W Mission, Santa Barbara, CA 93101

Santa Barbara
Local realty services provided by:ERA Excel Realty
321 & 319 W Mission,Santa Barbara, CA 93101
$9,800,000
  • - Beds
  • - Baths
  • 5,620 sq. ft.
  • Multi-family
  • Active
Listed by: john persse, abel contreras
Office: invest slo805-709-7143
MLS#:PI26156378
Source:CRMLS

Price summary

  • Price:$9,800,000
  • Price per sq. ft.:$1,743.77

About this home

Rare opportunity to acquire an established 15-bed RCFE, operating business, and two adjacent properties near downtown Santa Barbara. Operating for more than 36 years, the business benefits from historically strong occupancy, limited vacancy downtime, experienced staff, and established referral relationships. Current annualized revenue is approximately $1.78 million, with approximately $640,000 in seller-reported normalized NOI, representing an indicated in-place yield of approximately 6.5% before expansion. The offering includes 321 W Mission Street, the operating care facility, and 319 W Mission Street, an adjacent four-bedroom, two-bathroom residence on a 9,147-square-foot R-MH-zoned lot. The second property provides residential and care-related flexibility, potential additional licensed capacity, ADU or multi-unit opportunities, and meaningful long-term development upside. Offered together at $9,800,000, this is a compelling opportunity for an owner-operator or investor...

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Home facts

  • Year built:1928
  • Subdivision & Development:Santa Barbara: Other (80)
  • Listing ID #:PI26156378
  • Added:51 day(s) ago
  • Updated:September 07, 2026 at 11:02 AM

Rooms and interior

  • Flooring:Tile, Vinyl
  • Living area:5,620 sq. ft.

Heating and cooling

  • Heating:Forced Air

Structure and exterior

  • Year built:1928
  • Building area:5,620 sq. ft.
  • Lot area:0.18 Acres
  • Lot Features:Back Yard, Front Yard, Level with Street, Rectangular Lot, Street Level
  • Exterior Features:RainGutters
  • Levels:1 Story

Utilities

  • Water:Public, Water Connected
  • Sewer:Public Sewer, Sewer Connected

Finances and disclosures

  • Price:$9,800,000
  • Price per sq. ft.:$1,743.77

Features and amenities

  • Laundry features:Inside, Stacked
  • Amenities:Ceiling Fans, Rain Gutters, Recessed Lighting, Tile Counters

Parking

  • Total parking spaces:2
  • Garage:Yes
  • Garage spaces:2
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