321 E Micheltorena St
Santa Barbara, CA 93101
Upper East
7 Beds
6 Baths
1,598 sqft
7 Beds
6 Baths
1,598 sqft
Local Information
- Map ViewExplore the area around 321 E Micheltorena St.
- Schools1 Elementary School1 Middle School1 High School
- Shop & Eat
-- mins to
Description
Behind the timeless façade of a beautifully restored 1920s Craftsman lies one of Santa Barbara's most unique and compelling residential offerings. Rich in architectural character and thoughtfully enhanced for modern living, this exceptional luxury compound seamlessly blends the romance of a bygone era with the sophistication, flexibility, and income potential rarely found.
Situated on one of downtown's desirable tree-lined streets, the property enjoys an enviable location just moments from Alameda Park, Alice Keck Park Memorial Gardens, Kids World, the Santa Barbara Courthouse, State Street, theaters, restaurants, cafés, boutique shopping, and countless cultural attractions. Few locations offer such effortless access to the very best of Santa Barbara while still maintaining the charm and tranquility of a classic residential neighborhood. Leave the car behind and enjoy the convenience of one of the city's most walkable and beloved locations.
At the heart of the property is a meticulously restored 1920s Craftsman residence that embodies the warmth, craftsmanship, and enduring appeal that have made these homes among Santa Barbara's most cherished architectural treasures. A welcoming front porch invites neighbors and guests alike, creating the perfect setting for morning coffee, afternoon conversations, and the simple enjoyment of life in one of Santa Barbara's most desirable neighborhoods. Period inspired architectural details, custom built-ins, rich wood accents, high ceilings, and beautifully preserved character elements evoke a time when homes were built with artistry, attention to detail, and a sense of permanence.
Thoughtfully restored and extensively modernized, the residence successfully marries historic charm with contemporary convenience. Spacious living and dining areas flow effortlessly together, creating inviting spaces for everyday living and entertaining. The thoughtfully designed kitchen offers quality finishes and modern functionality while remaining true to the home's architectural heritage. Throughout the residence, careful restoration and meaningful upgrades have preserved the soul of the home while elevating it to today's standards of comfort and livability.
Just beyond the main house and completed circa 2020, two luxury residences have transformed the property into a legacy compound. Each approximately 1,000 square feet and offering two bedrooms and two bathrooms, these beautifully designed homes feature contemporary architecture, open-concept living spaces, abundant natural light, and premium finishes throughout.
What truly distinguishes these residences are their rooftop entertaining decks, thoughtfully designed to embrace the surrounding beauty. From these elevated vantage points, residents enjoy sweeping vistas of the Riviera that create an ever changing backdrop throughout the day. Whether enjoying a quiet morning sunrise, entertaining guests beneath colorful coastal sunsets, or relaxing under the stars, these rooftop retreats deliver a lifestyle experience seldom found in downtown Santa Barbara.
Currently generating $1750,000 annually in gross rental income, the compound presents a remarkable opportunity for investors seeking strong cash flow in one of California's most desirable coastal communities. Equally compelling for owner-users, the property offers the ability to reside within a beautifully restored historic residence while benefiting from substantial supplemental income. The flexible configuration is ideally suited for multi-generational living, extended family use, guest accommodations, live/ work arrangements, or those seeking a rare combination of lifestyle and financial performance.
Unlike traditional multifamily properties, this offering is defined not simply by income, but by its extraordinary blend of history, architecture, location, design, and versatility. Opportunities to acquire a fully restored historic Craftsman paired with two newer luxury residences are exceptionally rare. Even rarer are properties that successfully combine architectural significance, modern construction, rooftop view decks, meaningful income potential, walkability, and downtown convenience within one cohesive and turnkey ownership opportunity.
The property's unique combination of a thoughtfully restored historic residence and two newer-built luxury homes, create a level of confidence rarely found in comparable offerings.
Unlike much of Santa Barbara's older housing inventory, the compound benefits from modern construction, updated systems, and significantly reduced deferred maintenance concerns, allowing owners to enjoy the character and charm of a classic Craftsman while benefiting from the efficiencies and peace of mind typically associated with newer construction.
Situated on one of downtown's desirable tree-lined streets, the property enjoys an enviable location just moments from Alameda Park, Alice Keck Park Memorial Gardens, Kids World, the Santa Barbara Courthouse, State Street, theaters, restaurants, cafés, boutique shopping, and countless cultural attractions. Few locations offer such effortless access to the very best of Santa Barbara while still maintaining the charm and tranquility of a classic residential neighborhood. Leave the car behind and enjoy the convenience of one of the city's most walkable and beloved locations.
At the heart of the property is a meticulously restored 1920s Craftsman residence that embodies the warmth, craftsmanship, and enduring appeal that have made these homes among Santa Barbara's most cherished architectural treasures. A welcoming front porch invites neighbors and guests alike, creating the perfect setting for morning coffee, afternoon conversations, and the simple enjoyment of life in one of Santa Barbara's most desirable neighborhoods. Period inspired architectural details, custom built-ins, rich wood accents, high ceilings, and beautifully preserved character elements evoke a time when homes were built with artistry, attention to detail, and a sense of permanence.
Thoughtfully restored and extensively modernized, the residence successfully marries historic charm with contemporary convenience. Spacious living and dining areas flow effortlessly together, creating inviting spaces for everyday living and entertaining. The thoughtfully designed kitchen offers quality finishes and modern functionality while remaining true to the home's architectural heritage. Throughout the residence, careful restoration and meaningful upgrades have preserved the soul of the home while elevating it to today's standards of comfort and livability.
Just beyond the main house and completed circa 2020, two luxury residences have transformed the property into a legacy compound. Each approximately 1,000 square feet and offering two bedrooms and two bathrooms, these beautifully designed homes feature contemporary architecture, open-concept living spaces, abundant natural light, and premium finishes throughout.
What truly distinguishes these residences are their rooftop entertaining decks, thoughtfully designed to embrace the surrounding beauty. From these elevated vantage points, residents enjoy sweeping vistas of the Riviera that create an ever changing backdrop throughout the day. Whether enjoying a quiet morning sunrise, entertaining guests beneath colorful coastal sunsets, or relaxing under the stars, these rooftop retreats deliver a lifestyle experience seldom found in downtown Santa Barbara.
Currently generating $1750,000 annually in gross rental income, the compound presents a remarkable opportunity for investors seeking strong cash flow in one of California's most desirable coastal communities. Equally compelling for owner-users, the property offers the ability to reside within a beautifully restored historic residence while benefiting from substantial supplemental income. The flexible configuration is ideally suited for multi-generational living, extended family use, guest accommodations, live/ work arrangements, or those seeking a rare combination of lifestyle and financial performance.
Unlike traditional multifamily properties, this offering is defined not simply by income, but by its extraordinary blend of history, architecture, location, design, and versatility. Opportunities to acquire a fully restored historic Craftsman paired with two newer luxury residences are exceptionally rare. Even rarer are properties that successfully combine architectural significance, modern construction, rooftop view decks, meaningful income potential, walkability, and downtown convenience within one cohesive and turnkey ownership opportunity.
The property's unique combination of a thoughtfully restored historic residence and two newer-built luxury homes, create a level of confidence rarely found in comparable offerings.
Unlike much of Santa Barbara's older housing inventory, the compound benefits from modern construction, updated systems, and significantly reduced deferred maintenance concerns, allowing owners to enjoy the character and charm of a classic Craftsman while benefiting from the efficiencies and peace of mind typically associated with newer construction.
Home Highlights
Parking
Garage
Outdoor
No Info
A/C
Heating & Cooling
HOA
None
Price/Sqft
$2,425
Listed
1 day ago
Home Details for 321 E Micheltorena St
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MLS Status: Active |
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Beds & Baths Number of Bedrooms: 7Number of Bathrooms: 6 |
Dimensions and Layout Living Area: 1598 Square Feet |
Appliances & Utilities Laundry: In Unit |
Heating & Cooling Heating: Forced AirHas CoolingAir Conditioning: Central AirHas HeatingHeating Fuel: Forced Air |
Fireplace & Spa No Fireplace |
Windows, Doors, Floors & Walls Flooring: Hardwood, Wood/Laminate |
Levels, Entrance, & Accessibility Stories: 2Floors: Hardwood, Wood Laminate |
View No View |
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Exterior Home Features Foundation: Mixed |
Parking & Garage GarageParking Spaces: 3Parking: Garage |
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Cumulative Days on Market: 1Days on Market: 1 |
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Year Built Year Built: 2021 |
Property Type / Style Property Type: Residential IncomeProperty Subtype: Multi Family |
Property Information Condition: ExcellentParcel Number: 027251014 |
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Price List Price: $3,875,000Price Per Sqft: $2,425 |
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Direction & Address City: SANTA BARBARACommunity: 15 or 20 - Downtown |
School Information Elementary School: RooseveltJr High / Middle School: S.B. Jr.High School: S.B. Sr. |
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Listing Agent Listing ID: 26-2051 |
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Lot Area: 6534 sqft |
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Listing Terms: Cash |
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Mls Number: 26-2051 |
Last check for updates: about 1 hour ago
Listing courtesy of Jon Mahoney 01269717, (805) 689-0532
Keller Williams Realty Santa Barbara
Source: SBMLS, MLS#26-2051
Also Listed on SBMLS.
Market trends in Santa Barbara
Last updated May 2026
Avg. sale price
$1.8M
$84.67KMoM
Sale-to-List Price
98.1%
0.4%MoM
Price per sq ft
$1.11K
$16MoM
Available listings
214
1MoM
Price History for 321 E Micheltorena St
| Date | Price | Event | Source |
|---|---|---|---|
| 06/22/2026 | $3,875,000 | Listed For Sale | SBMLS #26-2051 |
| 09/13/2024 | $5,850 | ListingRemoved | Zillow Rentals |
| 08/14/2024 | $5,850 | Listed For Rent | Zillow Rentals |
| 09/24/2023 | ListingRemoved | Zillow Rentals | |
| 08/04/2023 | $6,000 | Listed For Rent | Zillow Rentals |
| 08/25/2022 | ListingRemoved | Zillow Rental Manager | |
| 08/03/2022 | $5,500 | PriceChange | Zillow Rental Manager |
| 06/28/2022 | $5,900 | Listed For Rent | Zillow Rental Manager |
| 05/06/2019 | $4,500 | ListingRemoved | Agent Provided |
| 04/02/2019 | $4,500 | Listed For Rent | Agent Provided |
| 12/20/2018 | $4,200 | ListingRemoved | Agent Provided |
| 12/05/2018 | $4,200 | Listed For Rent | Agent Provided |
| 11/14/2018 | $1,250,000 | Sold | SBMLS #18-2622 |
| 09/05/2018 | $1,295,000 | Pending | Agent Provided |
| 09/05/2018 | $1,295,000 | PendingToActive | Agent Provided |
| 09/02/2018 | $1,295,000 | Pending | Agent Provided |
| 09/02/2018 | $1,295,000 | PendingToActive | Agent Provided |
| 08/24/2018 | $1,295,000 | Pending | Agent Provided |
| 08/23/2018 | $1,295,000 | PendingToActive | Agent Provided |
| 08/17/2018 | $1,295,000 | Pending | Agent Provided |
| 08/13/2018 | $1,295,000 | PriceChange | Agent Provided |
| 07/18/2018 | $1,425,000 | PriceChange | Agent Provided |
| 07/04/2018 | $1,500,000 | Listed For Sale | Agent Provided |
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Property Tax and Assessment
| Year | 2025 |
|---|---|
| Tax | $24,256 |
| Assessment | $2,296,420 |
Home facts updated by county records
Comparable Sales for 321 E Micheltorena St
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.37 | Multi-Family Home | $3,300,000 | 12/30/25 | 7 | 5 | 3,816 | |
0.66 | Multi-Family Home | $1,720,000 | 04/21/26 | 6 | 3 | 2,533 | |
0.09 | Multi-Family Home | $3,350,000 | 01/30/26 | 14 | 10 | 6,400 | |
0.71 | Multi-Family Home | $1,830,000 | 12/01/25 | 5 | 3 | 1,038 | |
0.30 | Multi-Family Home | $3,344,788 | 09/10/25 | 4 | 4 | 6,264 | |
0.22 | Multi-Family Home | $2,787,500 | 01/22/26 | 9 | 7 | - | |
0.47 | Multi-Family Home | $2,210,000 | 10/31/25 | 3 | 2 | 3,453 | |
0.19 | Multi-Family Home | $2,300,000 | 12/05/25 | 8 | 1 | 880 |
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Get a sense of prices in the area by checking nearby homes.
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Assigned Schools
These are the assigned schools for 321 E Micheltorena St.
- Roosevelt Elementary School
- K-6
- Public
- 463 Students
7/10GreatSchools RatingParent Rating AverageWe love Roosevelt and are so grateful to be in this school district of this amazing school! It's the best in SB Unified IMO. Super small, amazing principal and teachers and support staff and families!Parent Review3w ago - Santa Barbara Senior High School
- 9-12
- Public
- 1924 Students
6/10GreatSchools RatingParent Rating AverageNot a good school for students who aren't White or Hispanic. Asian, Biracial and Black kids are seriously bullied and singled out. Not only by students but by staff as well. This school sits high on the systemic racism wagon. The principals blame the victim and not the abusers at this school. God forbid if the abuser is white. The teachers are pretty bad when it comes to teaching and explaining things to students. I have one child that has graduated and two still enrolled. I hear some of the worst stories from my children and after having conversations with the school I feel like there is no hope until they get rid of leadership.Parent Review4y ago - Santa Barbara Junior High School
- 7-8
- Public
- 512 Students
3/10GreatSchools RatingParent Rating AverageI was a student here for both 7th and 8th grade, and in all honesty, the rating checks out. I feel a little bad for trashing on my old junior high, but as an alternative theater kid floating between the weird clique and the smart clique, it was such an intangible experience that I don't think I truly have the words to describe. I genuinely blocked most of 7th grade out because it was probably one of the worst school years of my life, and I'm not sure if that was just because of the school, or if that's just a normal junior high experience, but I feel like the atmosphere at this school was incredibly toxic and unfriendly compared to the school I'm at now. My only safe spaces were my friends and a select few teachers that pulled me out of my slump (and improved who I was as a person), but for the most part, it was an uncaring environment. Importantly, during eighth grade, my friend group had an issue with a certain person who genuinely made me and my friends feel unsafe, and we could not get him to leave us alone. After reporting him multiple times to the staff, and having many eyewitness accounts of his harassment, we were ultimately brushed off by the staff members, even though he had quite literally sent unsolicited explicit videos and images to my friends, and continued his behavior after we told him a hundred times to stop and leave us all alone. A majority of the staff members (particularly the counselors as of 2023-2024) are very biased, and have very little regard for the emotional wellbeing of their students. I pray to god for the sakes of the students currently enrolled that they have started caring more.Other Review4w ago 
Check out schools near 321 E Micheltorena St.
Neighborhood Overview
Neighborhood stats provided by third party data sources.
What Locals Say about Upper East
At least 13 Trulia users voted on each feature.
93 % Say it's walkable to restaurants
85 % Say it's dog friendly
78 % Say there are sidewalks
77 % Say it's walkable to grocery stores
71 % Say parking is easy
69 % Say people would walk alone at night
63 % Say they plan to stay for at least 5 years
62 % Say it's quiet
59 % Say car is needed
56 % Say yards are well-kept
56 % Say there's holiday spirit
52 % Say neighbors are friendly
47 % Say streets are well-lit
45 % Say kids play outside
23 % Say there's wildlife
21 % Say there are community events
Sourced by Trulia users. Learn more about our methodology.
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Jon Mahoney, Keller Williams Realty Santa Barbara
Agent Phone: (805) 689-0532
This information is being provided for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties that you may be interested in purchasing. Data relating to real estate for sale on this Website comes from the Internet Data Exchange Program of the Santa Barbara Multiple Listing Service. All information is deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither the Santa Barbara Multiple Listing Service nor the listing broker(s) shall be responsible for any typographical errors, misinformation, or misprints.
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321 E Micheltorena St, Santa Barbara, CA 93101 is a 7 bedroom, 6 bathroom, 1,598 sqft multi-family built in 2021. 321 E Micheltorena St is located in Upper East, Santa Barbara. This property is currently available for sale and was listed by SBMLS on Jun 22, 2026. The MLS # for this home is MLS# 26-2051.