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134-A Chapala Street, SANTA BARBARA, CA 93101, SANTA BARBARA, 93101 - bed, bath

134-A Chapala Street, SANTA BARBARA, CA 93101 home-pic-0
ACTIVE$2,500,000$4,470/sqft
134-A Chapala Street, SANTA BARBARA, CA 93101
0Bed
0Bath
4,470Sqft
14,810.4Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Exceptional Location: Prime waterfront district, steps from major attractions like State Street, the Funk Zone, and the beach, surrounded by high-end hotels, restaurants, and attractions.
Top Cons:
Fractional Ownership: Only a 24.5% fractional interest is available, limiting investor control and full ownership benefits of the entire property.

Compared to the nearby listings

Price:$2.50M vs avg $1.77M (+$725,000)69%
Size:4,470 sqft vs avg 1,690 sqft81%
Price/sqft:$559 vs avg $58450%

More Insights

Built in 2023 (3 years old).
Condition: The property was built in 2023, making it brand new. All visible areas, including the commercial-grade kitchen with stainless steel appliances and Viking range, and the modern bathrooms with new fixtures and tiled floors, are in pristine condition. The overall aesthetic is contemporary, with clean lines, concrete flooring, and modern lighting. There is no evidence of wear and tear or deferred maintenance, aligning perfectly with the 'excellent' criteria for a newly built property.
Year Built
2023
Close
-
List price
$2.5M
Original List price
-
Price/Sqft
$559
HOA
$0
Days on market
-
Sold On
-
MLS number
25-3651
Home ConditionExcellent
Features
Good View:
Patio
View-

About this home

Rare hospitality investment opportunity in the heart of Santa Barbara's waterfront district. 134 Chapala Street is a fully operating boutique hostel steps from State Street, the Funk Zone, and the beach. Featuring modern accommodations, updated amenities, and consistent year-round occupancy, the property combines prime location with proven income performance. Zoned for transient use and surrounded by high-end hotels, restaurants, and attractions, it offers diverse revenue streams and strong appreciation potential. With Santa Barbara's tourism market continuing to expand, this turn-key asset presents investors a rare opportunity to own a coastal hospitality property in one of California's most supply-constrained and desirable destinations— ideal for stable cash flow, brand growth, or future redevelopment. 24.5% fractional interest available for $2,500,000 (up to 2)

J
John Thyne
Listing Agent
Condition Rating
Excellent
The property was built in 2023, making it brand new. All visible areas, including the commercial-grade kitchen with stainless steel appliances and Viking range, and the modern bathrooms with new fixtures and tiled floors, are in pristine condition. The overall aesthetic is contemporary, with clean lines, concrete flooring, and modern lighting. There is no evidence of wear and tear or deferred maintenance, aligning perfectly with the 'excellent' criteria for a newly built property.
Pros & Cons

Pros

Exceptional Location: Prime waterfront district, steps from major attractions like State Street, the Funk Zone, and the beach, surrounded by high-end hotels, restaurants, and attractions.
Turn-Key Operation & Proven Income: Fully operating boutique hostel with consistent year-round occupancy and demonstrated income performance, offering immediate revenue generation.
Modern Construction & Amenities: Built in 2023, featuring modern accommodations and updated amenities, implying minimal immediate capital expenditure for maintenance or upgrades.
Favorable Zoning & Appreciation Potential: Zoned for transient use, offering flexibility for diverse revenue streams and strong long-term appreciation potential, including future redevelopment options.
Robust Market Demand: Located in Santa Barbara, a supply-constrained and desirable destination with an expanding tourism market, ensuring sustained demand.

Cons

Fractional Ownership: Only a 24.5% fractional interest is available, limiting investor control and full ownership benefits of the entire property.
Niche Business Model: Operating as a 'boutique hostel' targets a specific market segment, which might limit broader appeal or revenue potential compared to a full-service hotel.
High Capital Requirement for Partial Stake: A $2,500,000 investment for a minority fractional interest represents a significant capital outlay without full control over the asset.
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