1825 Chapala Street, SANTA BARBARA, CA 93101
Overview
Description
Supplements: ... (Read more) 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.
Listing Details MLS# 26-2447
Location Info
- District
- 20 - SB/WEST OF STATE
- Street #
- 1825
- Street Name
- Chapala
- Street Suffix
- Street
- State
- CA
- Country
- US
- Postal Code
- 93101
- Compass Map
- Santa Barbara
- Map Grid
- N12
- County
- Santa Barbara
- Parcel Number
- 027-022-026
- Cross Street
- Pedregosa
Contract Info
- Price
- 12095000
- Begin Date
- 2026-07-23
Property Information
- Number of Units
- 40
- Year Built
- 1966
- Main House SqFt
- 13408
- Apx Lot SqFt
- 28750
- Recurring Fees
- No
Remarks
- Hot Sheet Comment
- new
Owner Info
- Deposit
- 3
- Deposit Type
- %
Unit 1
- # Units
- 40
- # Bedrooms
- Yes
- # Baths
- Yes
- Rent
- 77754
- Monthly Total
- 77754
- # Half Baths
- 0
More Information
Parking Info
- Total # Unconvered Spaces
- 33
Neighborhood/Schools
- Elementary School
- Peabody
- Junior High School
- S.B. Jr.
- High School
- S.B. Sr.
Condition
- Good
- Yes
Proximity
- Near Bus
- Yes
- Near Hospital
- Yes
- Near Ocean
- Yes
- Near School(s)
- Yes
Income/Expenses
- Total Monthly Income
- 77754
- Annual Income
- 933048
- Gross Rent Multiplr
- 12.96
- Capitalization Rate
- 5.17
- NOI
- 625362
Zoning
- R-3
- Yes
Reports Available
- Prelim
- Yes
Terms
- Cash
- Yes
- Conventional
- Yes
Listing Type
- ER
- Yes
Property Features
