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Restored Craftsman Triplex
For Sale
$3,575,000

321 E Micheltorena Street, Santa Barbara, CA 93101

Res Inc, SANTA BARBARA, CA

Property Size1,598 SF
Lot Size0.15 Acres
Price / SF$2,237
Days on Market70

Property Features for 321 E Micheltorena Street

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 7
Full bathrooms 6
Rooms Bathroom 2, Bedroom 6, Bedroom 5, Bathroom 5, Bathroom 3, Bedroom 1, Bedroom 4, Bedroom 7, Bedroom 2, Bathroom 1, Bathroom 6, Bathroom 4, Bedroom 3
Parking 3
Parking features Garage
Fireplace 1
Subdivision 15 or 20 - Downtown
Lot features Near Public Transit
Elementary school Roosevelt
Middle school S.B. Jr.
High school S.B. Sr.
Standard status Active
APN 027-251-014
Size 1,598 SF
Lot size 0.15 Acres

Utilities

Heating system Forced Air
Cooling system Central Air

Amenities

rooftop decks
front porch

Building Details

Year built 2021
Floors in Building 2
Number of units 3
Flooring type Hardwood, Laminate
Listing Agency: Keller Williams Realty Santa Barbara
Listed By: Jon Mahoney · License #01269717
Added: Jun 22 Changed: Aug 30 Last Checked: Aug 30 at 6:06PM
MLS# 26-2051

Copyright © 2026 Santa Barbara Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This triplex combines a restored 1920s Craftsman residence with two newer luxury homes completed circa 2020. The main residence features a front porch, built-ins, wood accents, high ceilings, living and dining areas, a modernized kitchen, hardwood and laminate flooring, forced-air heating, central air, and a fireplace. The additional residences each offer approximately 1,000 square feet, two bedrooms, two bathrooms, open layouts, abundant natural light, contemporary finishes, and rooftop entertaining decks with Riviera views.

The property occupies approximately 0.15 acres at 321 E Micheltorena Street in Santa Barbara. Alameda Park, Alice Keck Park Memorial Gardens, Kids World, the Santa Barbara Courthouse, State Street, restaurants, theaters, cafes, and boutique shopping are located nearby. A garage provides on-site parking. The three-residence configuration supports multifamily ownership with rental income and flexibility for owner occupancy, extended family, guest accommodations, or live/work use.

Key Highlights

  • Three‑residence configuration with a restored 1920s Craftsman and two newer luxury homes
  • Two additional residences completed circa 2020, each approximately 1,000 square feet with 2 bedrooms and 2 bathrooms
  • Rooftop entertaining decks with Riviera views

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Pet Grooming Service Locksmith Supermarket Grocery & Convenience Store Tanning Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

4,778
Businesses Nearby

Demographics for 93101, CA

30,513
Population
13,664
Households
2.2
Avg Household Size
36
Median Age
41%
College-Educated
83%
High-School Grad
3.2 sq mi
ZIP Area
9,535
Density / Sq Mi
$79,868
Median Household Income
$42,614
Median Earnings
$2,109
Median Rent
$1,122,200
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Triplex - Three residences combine historic character with newer construction and rooftop entertaining decks.
Where is this triplex located?
The property is located at 321 E Micheltorena Street Santa Barbara, CA.
What is the asking price?
The asking price for this property is $3,575,000.
What are key features of this property?
This property features: Three‑residence configuration with a restored 1920s Craftsman and two newer luxury homes; Two additional residences completed circa 2020, each approximately 1,000 square feet with 2 bedrooms and 2 bathrooms; Rooftop entertaining decks with Riviera views
More about this property
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