321 & 319 W Mission, Santa Barbara, CA 93101
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321 & 319 W Mission, Santa Barbara, CA 93101
321 & 319 W Mission, Santa Barbara, CA 93101
321 & 319 W Mission, Santa Barbara, CA 93101
321 & 319 W Mission, Santa Barbara, CA 93101
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$ 9,800,000
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321 & 319 W Mission Santa Barbara, CA 93101

7,840 Sqft Lot


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Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Subdivision Santa Barbara: Other (80)

MLS Listing ID PI26156378

HOA Y/N No

Year Built 1928

Lot Size 7,840 Sqft

Property Sub-Type Single Family Residence

Property Description

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 seeking immediate cash flow, valuable Santa Barbara real estate, and clear pathways for growth in a highly desirable coastal market with significant barriers to entry. Separate sale structures may also be considered. Financial documentation is available to qualified buyers following execution of a confidentiality agreement.

Location

State CA

County Santa Barbara

Area Vc81 - Santa Barbara

Interior

Interior Features Ceiling Fan(s), Recessed Lighting, Tile Counters, Bedroom on Main Level

Heating Forced Air

Flooring Tile, Vinyl

Fireplaces Type Living Room

Fireplace Yes

Laundry Inside, Laundry Room, Stacked

Exterior

Exterior Feature Rain Gutters

Garage Spaces 2.0

Garage Description 2.0

Fence Wood

Pool None

Community Features Suburban

Utilities Available Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected

View Y/N Yes

View Neighborhood

Accessibility Safe Emergency Egress from Home, Grab Bars, Parking, Accessible Approach with Ramp

Total Parking Spaces 2

Private Pool No

Building

Lot Description Back Yard, Front Yard, Level, Rectangular Lot, Street Level

Story 1

Entry Level One

Sewer Public Sewer

Water Public

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 025352003

Energy Description 8968.0

Acceptable Financing Cash, Conventional, 1031 Exchange

Listing Terms Cash, Conventional, 1031 Exchange

Special Listing Condition Standard


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Listed by John Persse Invest SLO 925-395-1959, DRE #02113078
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321 & 319 W Mission