321 & 319 W Mission, Santa Barbara, CA 93101
- $9,800,000
- List Price
- $9,800,000
- Days on Market
- 59
- Status
- ACTIVE
- MLS#
- PI26156378
- Lot Size (Acres)
- 0.18
- Year Built
- 1928
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.
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Additional Information
- Area
- Santa Barbara (VC81)
- Subdivision
- Santa Barbara: Other (80)
- Neighborhood
- Santa Barbara: Other (80)
- Stories
- One Level
- Acres
- 0.18
- Interior Features
- Ceiling Fan(s), Recessed Lighting, Tile Counters, Bedroom on Main Level
- Flooring
- Tile, Vinyl
- Garage Spaces
- 2
- Exterior Features
- Rain Gutters
- Community Features
- Suburban
- Heating
- Forced Air
- Utilities
- Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
- Water
- Public
- Sewer
- Public Sewer
Mortgage Calculator
Listing courtesy of Listing Agent: John Persse (john@investslo.com) from Listing Office: Invest SLO.
Based on information from California Regional Multiple Listing Service, Inc. as of . 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.