2020 Chapala features 2 buildings totaling approx 4068 square feet in a prime Santa Barbara location on a commercially zoned half acre site. There is a 2803 sq/ft chapel and a 1265 sq/ft office building. The monthly rent is $10,660. The lease ends 9/30/23 and the tenant has one option to extend for a 3 year period commencing 10/1/23. For investor buyers, a long term lease with this tenant is very likely. For a buyer looking to occupy this property, the current revenue could be beneficial for planning during the remainder of the existing lease. The front building is a former church and historic landmark and has also been used for a computer business and then an architecture firm. The redwood chapel has a large congregation seating area, 3 offices, a waiting room, 2 restrooms,

Supplements: kitchenette & storage. The rear building has 3 offices, kitchen area and 1 restroom. There are 17 parking spaces & a large yard area. The front building is fully heated & air conditioned. Built in 1875, the chapel was moved to the current site and has a wonderful history. The current tenant is a mortuary using it for offices and funeral services. This unique property in an excellent location with its large parcel size and ample parking, presents an opportunity for an investor to realize income, while the zoning also offers the potential for housing - a potential long term use of at least part of the property. The building has been declared a public landmark and can not be demolished and the exterior can not be modified without consent of the City of SB. For an investor, this property could make a great 1031 exchange, a nice addition to your Santa Barbara portfolio. For an end user, perhaps this could be an extraordinary live-work space or become headquarters for a local business.