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518 Chapala Street, SANTA BARBARA, CA 93101

$1,250,000
Property Type: Res Inc Lot Size (sq. ft.): 3,049 Status: Closed
Current Price: $1,250,000 List Date: 5/19/2016 Last Modified: 3/21/2025

Overview

Description

4 Unit legal non conforming apartment building in downtown Santa Barbara. Currently rented at $6500/month. Has high ceilings wood floors. Each unit is between 575-680 SF. Current Tenants all want to stay. Walk to everything Santa Barbara has to offer. Please drive by and make and offer subject to inspection. Tenants do not know that the property is for sale. No off street parking.

Listing Details MLS# 16-1708

Location Info

District
20 - SB/WEST OF STATE
Street #
518
Street Name
Chapala
Street Suffix
Street
State
CA
Country
US
Postal Code
93101
Compass Map
Santa Barbara
Map Grid
O12
County
Santa Barbara
Parcel Number
037-171-010
Cross Street
Haley Street

Contract Info

Price
1495000
Buyers Agent $/%
2.5
Begin Date
2016-05-19

Status Information

Sold Date
2016-09-13
Under Contract Date
2016-05-30

Property Information

Number of Units
4
Year Built
1918
Apx Lot SqFt
3049.2
Recurring Fees
No

Assessor's Data

Assessor Lot Acres
0.07
Assessor Year Built
0
Assessor SqFt
0

NeighborhoodSchools

Neighborhood
15 or 20 - Downtown

More Information

Remarks

Hot Sheet Comment
new

Owner Info

Deposit
3

Miscellaneous

# Refrigerators
4
# Stoves
4
Parking Spaces
0

Unit 1

# Units
Yes
# Bedrooms
Yes
# Baths
Yes
Furnished
N
Rent
1500
Monthly Total
1600
# Half Baths
0
M/M
Yes

Unit 2

# Units
Yes
# Bedrooms
Yes
# Baths
Yes
Monthly Total
1700
M/M
Yes

Unit 3

# Units
Yes
# Bedrooms
Yes
# Baths
Yes
Rent
1500
Monthly Total
1550
M/M
Yes

Unit 4

# Units
Yes
# Bedrooms
Yes
# Baths
Yes
Rent
1340
Monthly Total
1600
M/M
Yes

Meters

Sep Meter Elec
Y
Sep Meter Gas
Yes

Neighborhood/Schools

Elementary School
Franklin
Junior High School
S.B. Jr.
High School
S.B. Sr.

Condition

Average
Yes

Foundation

Raised
Yes

Proximity

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

Laundry

Other
Yes

Amenities

Dishwasher
Yes
Fncd Back
Yes

Income/Expenses

Other Income
80
Annual Income
78000
Capitalization Rate
4.9%
Estimated
Yes
Taxes
1.12
Water Expense
260
Electric Expense
20
Gas Expense
30
Total Annual Exp
3720
NOI
74280

Security

Smoke Detector(s)
Yes

Heating

Wall
Yes

Pets

Yes
Yes

Zoning

C-2
Yes

Reports Available

Home Inspection
Yes
Pest Inspection
Yes
Zoning
Yes

Terms

Cash
Yes
Conventional
Yes

Listing Type

ER
Yes

Parking Info

On Street
Yes

Flr/Wdw Coverings

Hardwood
Yes

Pub Listing Details

Owner is Licensee
Yes
Agt Related Prncpl
Yes

Owner Provides

Water
Yes
Trash
Yes

Property Features

Unit 1: M/M Unit 2: M/M Unit 3: M/M Unit 4: M/M Condition: Average Foundation: Raised Parking Info: On Street Proximity: Near Bus; Near Hospital; Near Ocean; Near Park(s); Near School(s); Near Shopping Laundry: Other Amenities: Dishwasher; Fncd Back Security: Smoke Detector(s) Heating: Wall Pets: Yes Owner Provides: Water; Trash Zoning: C-2 Reports Available: Home Inspection; Pest Inspection; Zoning Terms: Cash; Conventional Listing Type: ER Pub Listing Details: Owner is Licensee; Agt Related Prncpl
IDX
Listing Office: Century 21 Masters
Last Updated: March - 21 - 2025
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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