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319 & 321 W Mission Street, Santa Barbara, CA 93101

Santa Barbara
Local realty services provided by:CENTURY 21 Masters
319 & 321 W Mission Street,Santa Barbara, CA 93101
$9,800,000
  • 13 Beds
  • 6 Baths
  • 5,620 sq. ft.
  • Single family
  • Active
Listed by: john persse, abel contreras
Office: invest slo
MLS#:26001486
Source:CA_NSBC

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:Not Applicable
  • Listing ID #:26001486
  • Added:68 day(s) ago
  • Updated:September 30, 2026 at 04:10 PM

Rooms and interior

  • Bedrooms:13
  • Total bathrooms:6
  • Full bathrooms:6
  • Living area:5,620 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Forced Air, Heating

Structure and exterior

  • Roof:Shake, Shingle
  • Year built:1928
  • Building area:5,620 sq. ft.
  • Lot area:0.18 Acres

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

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

Parking

  • Garage spaces:2
Based on information from North Santa Barbara Multiple Listing Service, Inc. as of September 30, 2026 . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. CA_NSBC Member Broker: Randy Thompson

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