USACASanta BarbaraSanta Barbara: Other (80)321 & 319 W Mission
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$9,800,000

For Sale

A month ago

321 & 319 W Mission, Santa Barbara, CA

MLS® PI26156378

0 Bed

0 Bath

--

2 Parking

  • Key Facts
  • Description
  • Rooms
  • Map

Key Facts

Type Single Family Residence
Levels Residential Income
Size -
Garage Yes
HOA Fees 
Taxes 
Days Active 31
Approx. Age 1928
MLS® Number PI26156378

Property Address: 321 & 319 W Mission, Santa Barbara, CA, 93101

Average square foot calculated using Size range provided by listing agent.

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.
MLS® NumberPI26156378
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry LevelInside, Laundry Room, Stacked
Exposure
Exterior
GarageYes
Approx. Age1928
Stories1
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

HeatForced Air
A/C

Extras

Rooms

Change to metres

Bedroom 1:Not available

Price History

-End Date
Not Sold YetSold Price

For Sale

Jul 17, 2026List Date
$9,800,000List Price
  • Commute

Commute

Starting Address
Destination Address
321 & 319 W Mission, Santa Barbara, CA

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