1825 Chapala Street,Santa Barbara, CA 93101
Santa Barbara, CA 93101
Description
1825 Chapala Street is a 40-unit multifamily property located in the heart of Santa Barbara's highly desirable Oak Park neighborhood. Perfectly situated just blocks from Cottage Hospital, downtown State Street, and a wide array of shopping, dining, and entertainment, the property offers residents unmatched convenience while maintaining a peaceful residential atmosphere. Its central location ensures consistent tenant demand, drawing from major employers, public transit, and the vibrant downtown core. The property is comprised of three well-maintained buildings, each containing junior one-bedroom, one-bath units ranging from approximately 300 to 330 square feet. These efficient layouts feature open bedroom areas without doors, full kitchens, and private bathrooms, with several units offering private patios or fenced yards. Many interiors have been upgraded to modern standards with quartz countertops, new cabinetry, luxury vinyl plank flooring, and newer windows that enhance both comfort and appeal.Significant capital improvements have been completed, including the full replacement of all roofs in 2023 and the complete resurfacing and re-striping of the parking lot in 2025. Residents enjoy ample on-site parking with 35 standard spaces plus one designated handicap space, as well as a central courtyard with a stone table and barbecue, a large laundry facility, and a secure storage room.With strong in-place income and considerable room for rental growth, 1825 Chapala Street presents an exceptional value-add opportunity in one of California's most supply-constrained and consistently high-demand rental markets. The combination of its prime location, desirable unit mix, modern upgrades, and recent major building improvements positions this property for long-term stability and sustained income growth.
Details
| MLS # | V1-37788 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Pending |
| Year | 1966 |
| Days On Site | 82 |
| Listing Provided By | Radius Group Commercial RE | Steven Golis |
Features
| SQ Feet | 13,408 |
|---|---|
| Units | 40 |
| Building(s) | 3 |
| Zoning | R-3 |
| Acreage | 0.66 |
| Property View | None |
Interior
| Cooling | None |
|---|---|
| Heating Yes / No | Yes |
| Cooling Yes / No | No |
| Appliances | Electric Cooktop, Electric Oven |
| Fireplace Yes / No | No |
Parking
| Garage Yes / No | No |
|---|
Location
| Community Features | Sidewalks |
|---|
Area Information
| State | CA |
|---|---|
| County | Santa Barbara |
| City | Santa Barbara |
| Zip Code | 93101 |
| Area | VC81 Santa Barbara |
| Community Name | Santa Barbara: Other |
| Listing VS Median (in Santa Barbara: Other) | |
Price: $12,095,000 low | high Med: $12,095,000 sqft: 13,408 low | high Med: 13,408 $ / sqft: $902 low | high Med: $902 On site: 82 low | high Med: 82 | |
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Learn More About This Property
| State | CA |
|---|---|
| County | Santa Barbara |
| City | Santa Barbara |
| Zip Code | 93101 |
| Area | VC81 Santa Barbara |
| Community Name | Santa Barbara: Other |
| Listing VS Median (in Santa Barbara: Other) | |
Price: $12,095,000 low | high Med: $12,095,000 sqft: 13,408 low | high Med: 13,408 $ / sqft: $902 low | high Med: $902 On site: 82 low | high Med: 82 | |