Date
Details
Price
Change
Source
7/17/2026
Listed
$9,800,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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$9,800,000 Just Listed
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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.
Full Property Details
Full Property Details for 321 & 319 W Mission
General
- Price: $9,800,000
- Status: Active
- Type: Multi-Family
- Source: MRMLS
- MLS ID: PI26156378
- Updated: 7/18/2026
- Days on Market: 4 days
- Added to Site: 5 day(s) ago
Interior
- Rooms/Areas: Laundry, Kitchen, Living Room, Main Floor Bedroom
- Interior Features: Ceiling Fan(s), Recessed Lighting, Tile Counters
- Fireplace(s): Living Room
- Flooring: Tile, Vinyl
Rooms
Other Rooms
- Laundry: Inside, Individual Room, Stackable
Additional Information
- Pool Description: None
Exterior
- Exterior Features: Rain Gutters
Parking
- Garage Spaces: 2
Location
- Area: VC81 - Santa Barbara
- County: Santa Barbara
- Development Name: VC81 - Santa Barbara
- Driving Directions: From US-101, exit Mission Street. Head west on Mission Street. Continue past De La Vina Street and Bath Street. Property is on the left with alley access before Bath Street.
Heating & Cooling
- Heating Type: Forced Air
Utilities
- Sewer: Public Sewer
- Water: Public
- # Water Meters: 2
- # Gas Meters: 2
- # Electric Meters: 2
Structural Information
- Entry Location: Front Door
- Stories/Levels: One
- Stories Description: One
- Square Feet: 5,620
- Year Built: 1928
Unit Information
Unit 1
- Number of Units: 1
- Total Bathrooms: 2
- Bedrooms: 4
Unit 2
- Number of Units: 1
- Total Bathrooms: 4
- Bedrooms: 9
Lot Features
- Property View: Neighborhood
- Lot Size (Acres): 0.18
- Lot Size (Sq. Ft.): 7,841
- Lot Size Source: Assessor
- Lot Description: Level with Street, Rectangular Lot, Level, Front Yard, Back Yard
Financial Considerations
- Price Per Sq. Ft.: $1,743.77
- Price Per Unit: 4900000
Listed by Invest SLO, John Persse and Invest SLO, Abel Contreras
We Value Your Privacy
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Listing agents
— 321 & 319 W Mission —
John Persse
Invest SLO
Abel Contreras
Invest SLO
925-395-1959
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 321 & 319 W Mission
School District:Santa Barbara Unified School District
| Name | Grades | Distance |
|---|---|---|
Santa Barbara Junior High School 721 East Cota Street, Santa Barbara, CA 93103 | 7-8 | 1.7 mi |
Santa Barbara Senior High School 700 East Anapamu Street, Santa Barbara, CA 93103 | 9-12 | 1.3 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 321 & 319 W Mission
Estimate the Cost
Estimate the Cost for 321 & 319 W Mission
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- Condo
- Active
- Updated 7 hours ago
- 3Beds
- 2Total Baths
- 1,845Sq. Ft.
- Single Family
- Active
- Updated 1 day ago
- 4Beds
- 4Total Baths
- 2,600Sq. Ft.
- Single Family
- Active
- Updated 4 hours ago
- 4Beds
- 3Total Baths
- 2,300Sq. Ft.
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- Single Family
- Active
- Updated 1 day ago
- 6Beds
- 8Total Baths
- 8,372Sq. Ft.
- Single Family
- Active
- Updated 2 days ago
- 3Beds
- 2Total Baths
- 1,687Sq. Ft.
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- Single Family
- Closed
- Updated 7 days ago
- 5Beds
- 6Total Baths
- 5,098Sq. Ft.
321 & 319 W Mission, Santa Barbara, CA 93101 (MLS# PI26156378) is a Multi-Family property with 2 units containing 0 bedrooms and 0 full bathrooms. 321 & 319 W Mission is currently listed for $9,800,000 and was received on July 17, 2026. Want to learn more about 321 & 319 W Mission? Do you have questions about finding other Multi-Family real estate for sale in Santa Barbara? You can browse all Santa Barbara real estate or contact a Coldwell Banker agent to request more information.