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Dusty Mulhearn

dusty@propertycousins.com +1(949) 500-6274

$ 12,095,000

Est. payment | -/mo

0.66 Acres Lot

Save

$ 12,095,000

Est. payment | -/mo

Save

0.66 Acres Lot

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Subdivision Santa Barbara: Other

MLS Listing ID V1-37788

HOA Y/N No

Year Built 1966

Lot Size 0.660 Acres

Property 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 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.

Location

State CA

County Santa Barbara

Area Vc81 - Santa Barbara

Zoning R-3

Interior

Cooling None

Fireplaces Type None

Fireplace No

Appliance Electric Cooktop, Electric Oven

Exterior

Pool None

Community Features Sidewalks

View Y/N No

View None

Accessibility Parking

Total Parking Spaces 35

Private Pool No

Others

Senior Community No

Tax ID 027022026

Acceptable Financing Cash, Conventional, 1031 Exchange, Submit

Listing Terms Cash, Conventional, 1031 Exchange, Submit

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Steven Golis Radius Group Commercial RE sgolis@radiusgroup.com, DRE #00772218

NEARBY SCHOOLS & PROPERTIES

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(949) 500-6274

dusty@propertycousins.com

United States

1825 Chapala ST Santa Barbara, CA 93101

Dusty Mulhearn

Key Details

Location

Interior

Exterior

Others

NEARBY SCHOOLS & PROPERTIES

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1825 Chapala ST