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Triplex with Rooftop Decks
For Sale
$3,875,000

321 E Micheltorena Street, Santa Barbara, CA 93101

MULTI_FAMILY - SANTA BARBARA, CA

Property Size1,598 SF
Lot Size0.15 Acres
Price / SF$2,424
Days on Market51

Property Features for 321 E Micheltorena Street

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 7
Full bathrooms 6
Rooms Bathroom 6, Bedroom 4, Bedroom 2, Bedroom 5, Bedroom 7, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 6, Bedroom 1, Bathroom 5, 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 9 Last Checked: Aug 11 at 5:06PM
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.

A restored 1920s Craftsman triplex compound that combines historic character with modern comfort. The property features a restored main residence and two additional luxury residences completed circa 2020. Rooftop entertaining decks provide elevated outdoor space for each residence, with views described as spanning toward the Riviera.

The compound totals 1,598 square feet and sits on a 0.15-acre lot. Interior finishes include hardwood and laminate flooring. Heating is forced air and cooling is central air, and there is a fireplace.

Off-street parking is provided with a garage. Built in 2021 and positioned at 321 E Micheltorena Street in Santa Barbara, the property is configured for flexible living while retaining a Craftsman look and feel.

Key Highlights

  • Rooftop entertaining decks for elevated outdoor living
  • Restored 1920s Craftsman main residence plus two luxury residences completed circa 2020
  • Central air cooling plus forced‑air heating

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
Yes
Paved road access

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 - Triplex with central air, forced-air heating, fireplace, and garage parking, with 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 $3,875,000.
What are key features of this property?
This property features: Rooftop entertaining decks for elevated outdoor living; Restored 1920s Craftsman main residence plus two luxury residences completed circa 2020; Central air cooling plus forced‑air heating
More about this property
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