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1825 Chapala Street, SANTA BARBARA, CA 93101

$12,095,000
Property Type: Res Inc Square Footage: 13,408 Lot Size (sq. ft.): 28,750 Status: Active
Current Price: $12,095,000 List Date: 7/23/2026 Last Modified: 7/23/2026

Overview

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

Supplements: 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 resurfa ...

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

Condition: Good Proximity: Near Bus; Near Hospital; Near Ocean; Near School(s) Zoning: R-3 Reports Available: Prelim Terms: Cash; Conventional Listing Type: ER
IDX
Listing Office: Radius Group Commercial R.E.
Last Updated: July - 23 - 2026
The data relating to real estate for sale on this web site comes from the Internet Data Exchange Program of the Santa Barbara Multiple Listing Service. Real estate listings held by brokerage firms other than the displaying broker(s) are marked with the 'MLS' logo and detailed information about them includes the name of the listing brokers. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor displaying broker shall be responsible for any typographical errors, misinformation, or misprints. 2015 Santa Barbara Multiple Listing Service. All rights reserved.

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