134 Chapala, SANTA BARBARA, CA 93101 (MLS# 19-2927)

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134 Chapala, SANTA BARBARA, CA 93101

$3,750,000

Property Type: Res Inc Status: Closed

Current Price: $3,750,000 List Date: 4/22/2021 Last Modified: 9/15/2024

Overview

Description

This amazing property represents one of the last unrealized development opportunities in Santa Barbara this close to the ocean. Located in the prized West Beach neighborhood, the ''Gateway to the City,'' just beyond the Moxi Museum and Hotel Californian, this 15,000 SF parcel is perfectly situated for a boutique hotel, hostel or possible vacation rental. Overlooking the creek and with ocean view potential, this property has extremely attractive characteristics from a hospitality standpoint. The building was previously used as a youth hostel for travelling tourists and surfers and was temporarily shut down due to the Mission Creek restoration project in 2013. At the time it was operating the hostel had 47 beds.

Listing Details MLS# 19-2927

Location Info

District: 20 - SB/WEST OF STATE
Street #: 134
Street Name: Chapala
State: CA
Country: US
Postal Code: 93101
Compass Map: Santa Barbara
Map Grid: P13
County: Santa Barbara
Parcel Number: 033-074-001
Cross Street: Yanonali

Contract Info

Price: 3750000
Buyers Agent $/%: 2.5
Begin Date: 2019-08-20

Status Information

Sold Date: 2021-10-21
Under Contract Date: 2021-05-04

Property Information

Number of Units: Yes
Year Built: 1960
Recurring Fees: No

Remarks

Hot Sheet Comment: price

Owner Info

Deposit: 3

More Information

Unit 1

# Units: Yes
# Baths: 2
Furnished: N
# Bedrooms: 0
# Half Baths: 0
Rent: 0
Monthly Total: 0

Neighborhood/Schools

Elementary School: Other
Junior High School: Other
High School: Other

Zoning

Other: Yes

Terms

Cash: Yes
Conventional: Yes

Listing Type

ER: Yes

Contingent Remarks

LOAN APPROVAL: Yes
REPORTS: Yes

Property Features

Zoning: Other Terms: Cash; Conventional Listing Type: ER Contingent Remarks: LOAN APPROVAL; REPORTS

Listing Office: Radius Group Commercial R.E.

Last Updated: September - 15 - 2024

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