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104 - 106 Chapala Street, SANTA BARBARA, CA 93101

$3,650,000

104 - 106 Chapala Street & 28 - 30 West Mason Street

104 Chapala Street, Apartment C (Small Deck w/Peek A Boo Ocean Views)

104 Chapala Street, Apartment E (Balcony with Ocean Views)

Ocean Views from Bedroom (28 West Mason Street)

Property Type: Res Inc Lot Size (sq. ft.): 6,000 Status: Closed

Current Price: $3,650,000 List Date: 6/12/2018 Last Modified: 4/24/2025

Overview

Description

Located just one block from West Beach and La Entrada (new 5-Star Hotel Californian), minutes to the heart of Downtown Santa Barbara, the Funk Zone and within close proximity to Stearn's Warf and the Santa Barbara Harbor, the location of this highly sought after investment property is unbeatable! Featuring the charming architecture of the early 1900's, this property at 104 - 106 Chapala and 28 - 30 West Mason Street includes a 5 unit-apartment house, a duplex and a stand-alone bungalow. The total 8 units are comprised of a mix of 5 one-bedroom, one-bath units and 3 studio, one-bath units with excellent rents. Incorporated in some of the units are a small deck, a balcony, and peek a boo ocean views.

Supplements: 6 of the 8 units have been extensively remodeled and furnished, making the units readily available for longer or shorter term rentals. This is an unparalleled investment opportunity! Location Description: 100 - 106 Chapala Street and 28 - 30 West Mason Street are situated just one block from West Beach and La Entrada (new, 5-Star Hotel Californi ... (Read more)

Listing Details MLS# 18-2129

Location Info

District: 20 - SB/WEST OF STATE
Street #: 104 - 106
Street Name: Chapala
Street Suffix: Street
State: CA
Country: US
Postal Code: 93101
Compass Map: Santa Barbara
Map Grid: P13
County: Santa Barbara
Parcel Number: 033-074-007
Cross Street: Mason

Contract Info

Price: 3675000
Buyers Agent $/%: 2.5
Begin Date: 2018-06-11

Status Information

Sold Date: 2018-08-15
Under Contract Date: 2018-06-27

Property Information

Number of Units: 8
Stories: 2
Year Built: 1905
Apx Lot SqFt: 6000
Recurring Fees: No

NeighborhoodSchools

Neighborhood: 20 - West Beach

Remarks

Hot Sheet Comment: new

More Information

Owner Info

Deposit: 3

Miscellaneous

# Refrigerators: 8
# Stoves: 8

Unit 1

# Units: 4
# Baths: Yes
Furnished: Y
Rent: 8595
Monthly Total: 8595
# Bedrooms: 0
# Half Baths: 0

Unit 2

# Units: 2
# Bedrooms: Yes
# Baths: Yes
Furnished: Y
Monthly Total: 4800

Unit 3

# Units: 2
# Bedrooms: Yes
# Baths: Yes
Furnished: N
Monthly Total: 4100

Meters

Sep Meter Wtr: N
Sep Meter Elec: Y
Sep Meter Gas: Yes

Neighborhood/Schools

Elementary School: Other
Junior High School: S.B. Jr.
High School: S.B. Sr.

Condition

Excellent: Yes
Good: Yes

Proximity

Near Bus: Yes
Near Ocean: Yes
Near Park(s): Yes
Near School(s): Yes
Near Shopping: Yes

Income/Expenses

Total Monthly Income: 17655
Annual Income: 205504
Capitalization Rate: 3.33%
Vac Factor: 3%
Taxes: 38588
NOI: $122,401

Zoning

R-4: Yes

Reports Available

Other: Yes

Terms

Cash: Yes

Listing Type

ER: Yes

Parking Info

On Street: Yes

Property Features

Condition: Excellent; Good Parking Info: On Street Proximity: Near Bus; Near Ocean; Near Park(s); Near School(s); Near Shopping Zoning: R-4 Reports Available: Other Terms: Cash Listing Type: ER

Listing Office: Coldwell Banker Realty

Last Updated: April - 24 - 2025

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