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Restored Craftsman Triplex with Rooftop Decks
For Sale
$3,575,000

321 E Micheltorena St, Santa Barbara, CA 93101

Historic character pairs with two contemporary residences and elevated outdoor entertaining areas.

Property Size1,598 SF
Price / SF$2,237
Days on Market86

Property Features for 321 E Micheltorena St

General Information

Standard status Active
Size 1,598 SF
Property subtype Multi-Family

Building Details

Year Built 2021
Listing Agency: Keller Williams Realty Santa Barbara
Listed By: Jon Mahoney · License #01269717
Source: Santabarbarahomesearcher
Added: Jun 10 Changed: Sep 1 Last Checked: Sep 1 at 8:02PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty Santa Barbara

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 house retains period-inspired details, custom built-ins, wood accents, high ceilings, and preserved architectural character, while its updated kitchen, living areas, and dining spaces support modern use. Each additional residence is approximately 1,000 square feet with two bedrooms, two bathrooms, open-concept interiors, abundant natural light, and contemporary finishes. Rooftop entertaining decks provide views toward the Riviera.

The property is located on a tree-lined downtown Santa Barbara street near Alameda Park, Alice Keck Park Memorial Gardens, Kids World, the Santa Barbara Courthouse, State Street, theaters, restaurants, cafés, and boutique shopping. Its configuration includes a historic primary residence and two separate newer homes, offering flexibility for multifamily ownership, extended household use, guest accommodations, or live/work arrangements where permitted.

Key Highlights

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

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.

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
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Frequently Asked Questions

What type of property is this?
Triplex - Historic character pairs with two contemporary residences and elevated outdoor entertaining areas.
Where is this triplex located?
The property is located at 321 E Micheltorena St 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 compound with a restored 1920s Craftsman and two newer luxury homes; Two additional residences, each approximately 1,000 square feet with 2 bedrooms and 2 bathrooms; Rooftop entertaining decks with views toward the Riviera
More about this property
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