Mission Care Communities 2 Properties Offered at $13,521,941 CAD in Santa Barbara, CA

Mission Villa Senior Living – Santa Barbara, CA
15-Bed Licensed RCFE + Approved 4-Bed Expansion Opportunity
High-Performing Senior Housing Asset with Immediate Cash Flow & Scalable Upside
Property Overview:
Mission Villa is a well-established, 15-bed Residential Care Facility for the Elderly (RCFE) located in the highly desirable Santa Barbara market. Founded over 36 years ago, the property has built a strong reputation in the community and benefits from consistent demand, long-term staff stability, and historically high occupancy.
The business generates approximately $1.6M in annual revenue with strong operating margins of approximately 40%, supported by a stable private-pay resident base and consistent referral sources.
Units rarely go vacant and typically turn over within 30 days or less.Based on current operations, the property produces approximately $640,000 in annual net operating income (NOI) prior to any expansion.
This delivers a strong in-place yield with significant upside available through increased licensed capacity and operational optimization.
Included in the Offering 321 W. Mission St. – Licensed 15-bed RCFE (operating)
319 W. Mission St. – Adjacent property with approved 4-bed RCFE potential
The adjacent parcel offers a rare value-add opportunity to expand licensed beds, add revenue streams, or introduce complementary services such as adult day programming.
Recent capital improvements (including HVAC upgrades and infrastructure investments) further support continued stability and growth.
This is a rare stabilized senior housing asset with immediate cash flow and meaningful near-term expansion potential in a supply-constrained Santa Barbara market known for high barriers to entry, an aging population, and limited residential care inventory.
Key Highlights
• 36+ year established senior living business
• 15 licensed beds + approved 4-bed expansion potential
• ~$1.6M annual revenue
• ~40% operating margins
• ~$640K estimated NOI (pre-expansion)
• Consistently high occupancy with minimal vacancy downtime
• Long-term staff with low turnover
• Strong local reputation and referral network
• Located in high-demand Santa Barbara market
• Value-add opportunity via adjacent approved expansion parcel Ideal for owner-operators and investors seeking a turn-key, cash-flowing senior care business with immediate income and clear pathways for growth in one of California’s most desirable coastal markets.
Final valuation and cap rate will depend on buyer structure and use of leverage.
Serious inquiries only. All information is deemed reliable but not guaranteed; buyer to verify.