$ 9,800,000
-
$9,800,000
Price -
13
Bed -
6
Bath -
5,620
SqFt
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About the Listing Pi3420 - pi02113078,pi02062620
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.
Listing Highlights
Interior Details
- Bedrooms: 13
- Bathrooms: 6 Full
- Appliances:
- Air Cond:
- Heating: Forced Air
- Fireplaces: Living Room
- Floor: Tile,Vinyl
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other: Ceiling Fan(s),Recessed Lighting,Tile Counters,Bedroom on Main Level
- Water: Public
Exterior Details
- Lot Description: Back Yard,Front Yard,Level,Rectangular Lot,Street Level,No Land Lease
- Garage Capacity: 2 car
- Parking Spaces: 2
- Roof:
- Others: Rain Gutters,2+ Total Units,Has ADU
- Sewer: Public Sewer
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 025352003
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Questions About..
321 W Mission Santa Barbara, CA 93101
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