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    Senior Housing Facility with Penthouse
    Updated: Jun 17, 2025
    Senior Housing Facility with Penthouse

    1621 Grand Ave, Santa Barbara, CA 93103

    $6,250,000
    14,240 sqft
    14,240‑square‑foot senior housing facility transformed for senior care use in 1992
    Penthouse apartment with views and a private two‑car garage
    First floor includes large common areas, laundry room, and beauty shop
    R‑M zoning
    Entrances from Arrellaga Street and Grand Avenue
    View details

    This listing looks promising.

    Here's a quick look at some key insights for

    1621 Grand Ave, Santa Barbara, CA 93103

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    • Est. Cap Rate

      4.5%
      NOI ÷ price

    • Est. NOI

      $282K
      Annual

    • Price @ 7% Cap

      $4.02M
      Suggested
    View Property Analytics
    Based on your search, we've compiled 42 Potential Opportunities for your consideration. Besides 1 Active listings in Santa Barbara, CA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 37 Off-Market properties to explore as potential leads

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

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    Spa & Wellness Unit with Private Bathroom
    Spa & Wellness Unit with Private Bathroom

    35-484 Mobil Ave, Camarillo, CA 93010

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    Commercial unit with air conditioning, a utility and break room, and ample parking in Buenaventure Plaza.

    View details
    Renovated Retail Space with Parking
    Renovated Retail Space with Parking

    410 W Ojai Ave, Ojai, CA 93023

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    Renovated commercial space includes reception, kitchen, two bathrooms, and on-site parking.

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    Golden Oaks 55+ Mobile Home
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    Well-maintained 2BR/2BA home in desirable Ojai senior community.

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    Off-Market Properties in Santa Barbara, CA

    Consider similar Off-Market properties in Santa Barbara, CA. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

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    Santa Barbara, CA Healthcare Properties Market Trends and Statistics

    Explore 38 healthcare properties for sale in Santa Barbara, CA on our real estate platform. These investment opportunities span a total of 14,240 square feet of properties for sale, with an estimated market value of $6,250,000.

    Sale prices for medical real estate in Santa Barbara, CA average $6,250,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Senior Housing / Retirement Homes 1

    Demographics Overview

    Population 191K
    Population Growth (5Y) -2.4%
    Median Household Income $112,487
    College Educated 34.5%

    Taxes & Financing

    Tax Rate (average for all types) 0.98%
    Property Tax per SF $14.13 per SF
    Tax Rate vs County Average 0.06 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Santa Barbara County

    New Delisted

    Total CRE Inventory on Market (SF)

    Property Size Breakdown

    The majority of commercial real estate listings in Santa Barbara fall within the 10,000 to 25,000 square foot range.

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