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
321-& 319 W Mission, Santa Barbara, CA 93101
321-& 319 W Mission, Santa Barbara, CA 93101
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Jesse Klein

Jesse Klein

+1(619) 933-7219
$ 9,800,000
Est. payment | /mo

13 Beds

6 Baths

7,841 Sqft Lot

Save
$ 9,800,000
Est. payment | /mo
Save

13 Beds

6 Baths

7,841 Sqft Lot

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

Subdivision Santa Barbara: Other (80)

MLS Listing ID PI26156378

Bedrooms 13

Lot Size 7,841 Sqft

Property Sub-Type Res Income 2-4 Units

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

Zoning Public Rec

Direction From US-101, exit Mission Street. Head west on Mission Street. Continue past De La Vina Street and Bath Street. Property is on t

Interior

Heating Forced Air Unit

Fireplace No

Exterior

View Y/N No

Building

Story 1

Level or Stories 1

Others

Senior Community No

Tax ID 025352003

Acceptable Financing Cash, Conventional, Exchange

Listing Terms Cash, Conventional, Exchange

MLS Router / San Diego MLS
Listed by John Persse, DRE#02113078 Invest SLO 

NEARBY SCHOOLS & PROPERTIES

Jesse Klein

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(619) 933-7219

jesse@thekleinteam.org

1420 Kettner Blvd, Diego, CA, 92101, United States

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321-& 319 W Mission