1221 Chapala Street

Santa Barbara, CA 93101

$4,950,000
Price
2
Beds
6
Baths
7,525 Sq. Ft.
$658 / Sq. Ft.
7,525
Sq. Ft.
$658
per Sq. Ft.

Description

Downtown Santa Barbara, mixed use Spanish Style building with 5614 sq feet of rented office/commercial space with a new buildout, high ceilings, open floor plan, and private office spaces. An additional 1911 sq foot, plus large deck space, Spanish Style residential penthouse with 2 bedrooms, 2 baths, full kitchen, and roof deck and 360 views of Santa Barbara. Located on Chapala and Victoria, 1 block off State Street and close to all restaurants, shops, and downtown amenities. A rare offering, trophy...Downtown Santa Barbara, mixed use Spanish Style building with 5614 sq feet of rented office/commercial space with a new buildout, high ceilings, open floor plan, and private office spaces. An additional 1911 sq foot, plus large deck space, Spanish Style residential penthouse with 2 bedrooms, 2 baths, full kitchen, and roof deck and 360 views of Santa Barbara. Located on Chapala and Victoria, 1 block off State Street and close to all restaurants, shops, and downtown amenities. A rare offering, trophy investment property in the California Riviera.
  1. Listed by Robert Sandefer • DRE #01996491 • Brokerage DRE #01738973 • The Agency

Property Details for 1221 Chapala Street

Zoning
C-2
Style
Spanish
Parcel Number
039172002
Total Units
3.0
Living Area
7525
Source Living Area
Appraiser
Area
Santa Barbara (VC81)
Vacancy Rate
0
LISTING UPDATED: 11/22/2024 12:21 PM

Property Details for 1221 Chapala Street

StatusActive
MLS #24-455641
Days on Market59
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1987
Lot Size0.17 AC / 7,405 SF
CountySanta Barbara County

Building Information for 1221 Chapala Street

Stories3Residences-Year Built1987Building Size-Lot Size0.17 AC / 7,405 SF

Property Information for 1221 Chapala Street

Community / Development
Community / Development
  • Number Of Units: 3
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Appraiser
  • Number Of Stories: 3
  • Number Of Buildings: 1
  • Type Of Units: Mixed Use
  • View: Yes
  • View Description: City, Ocean, Mountains
  • View: City Lights, Ocean, Mountain(s)
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $265,000
  • Net Operating Income: $61,732.00
  • Gross Income: $265,000
  • Cap Rate: 4.11%
  • Gross Rent Multiplier: $18.68
  • Actual Annual Gross Rent: $265,000.00
  • Total Annual Expense: 61732
  • Pool Expense: $1,450.00
  • Water Expense: $3,000.00
  • Gas Expense: $1,800
  • Electric Expense: $11,000.00
  • Trash Expense: $1,236.00
  • Expense Cable TV: $1,140.00
  • Elevator Expense: $1,940.00
  • Tax Expense: $31,020
  • Gardener Expense: $2,400
  • Expense Licenses: $900.00
  • Insurance Expense: $4,646
  • Management Expense: $1,200.00
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.17
  • Lot Size Square Feet: 7405
  • Lot Size Dimensions: 32 x 228
  • Source Lot Size Dimensions: Assessor
Parking Details
Parking Details
  • Parking Garage: Assigned, Covered Parking
  • Total Parking: 12
  • Covered Parking: 2
  • Open Other Spaces Total: 10
  • Parking Features: Assigned, Covered
Interior Features
Interior Features
  • Levels: Three Or More
  • Cooling Type: Air Conditioning
  • Heating: Central
  • Heating Type: Central
  • Flooring: Stained Concrete, Hardwood, Stone Tile
  • Equipment: Elevator
  • Disability Access: Handicap Access
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: Yes
  • Spa: Hot Tub
  • Roof: Clay
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 10-23-2024
Unit Details
Unit 1 Information
  • Unit Beds: 0
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $7,558.00
  • Unit Actual Rent: $7,558.00
  • Unit Projected Rent: $7,558.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 0
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $7,557.00
  • Unit Actual Rent: $7,557.00
  • Unit Projected Rent: $7,557.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $6,950.00
  • Unit Actual Rent: $6,950.00
  • Unit Projected Rent: $6,950.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $3,279,500.00
  • Assessed Improvement Percent: 65.59
  • Assessed Land Value: $1,720,500.00
  • Assessed Land Percent: 34.41
  • Assessed Total Value: $5,000,000.00

Property History for 1221 Chapala Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1221 Chapala Street

Taxable ValueLand$1,026,187Additions$1,955,791Total$2,981,978
Tax Record2024$31,584 ($2,632 / month)
Home Facts
Lot Size7,405 SqFtStyleHotel / MotelCountySANTA BARBARAAPN039-172-002

Schools near 1221 Chapala Street

This home is within Santa Barbara Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Santa Barbara Community Academy
PublicK to 6

Santa Barbara Junior High School
Public7 to 8

Santa Barbara Senior High School
Public9 to 12

La Cuesta Continuation High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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1221 Chapala Street is a multi-family home for sale in Santa Barbara, CA 93101. This property was listed for sale on October 23, 2024 by The Agency, it's currently listed at $4,950,000. It has been on the market for a total of 59 days and was last sold on January 3, 2013. This listing's school district is Santa Barbara Unified School District. Nearby schools include Santa Barbara Community Academy, Santa Barbara Junior High School and Santa Barbara Senior High School. 1221 Chapala Street is a 2-bed, 6-bath, 7,525 sqft multi-family home built in 1987.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of The Agency, Robert Sandefer, DRE #01996491

Based on information from one of the following Multiple Listing Services: Santa Barbara MLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Santa Barbara MLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.