134 Chapala Street, SANTA BARBARA, CA 93101, SANTA BARBARA, 93101 - bed, bath
ACTIVE$7,550,000$4,470/sqft
134 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:
Premier Coastal Location: Situated in the heart of Santa Barbara's waterfront district, offering unparalleled access to State Street, the Funk Zone, and the beach, ensuring high guest demand.
Top Cons:
High Acquisition Cost: The significant list price of $7.55 million represents a substantial investment, potentially limiting the pool of prospective buyers.
Compared to the nearby listings
Price:$7.55M vs avg $1.77M (+$5,775,000)94%
Size:4,470 sqft vs avg 1,690 sqft81%
Price/sqft:$1.7K vs avg $62481%
More Insights
Built in 2023 (3 years old).
Condition: This property was built in 2023, making it virtually brand new. The images confirm a modern, clean aesthetic throughout, with all components appearing new or recently installed. The commercial-grade kitchen features stainless steel surfaces and a high-end Viking range, while the bathrooms are contemporary with tiled finishes and modern fixtures. All aspects, from flooring to amenities, reflect current quality standards with no signs of wear or deferred maintenance.
Year Built
2023
Close
-
List price
$7.55M
Original List price
-
Price/Sqft
$1,689
HOA
$0
Days on market
-
Sold On
-
MLS number
25-3647
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.
J
John Thyne
Listing Agent
Price History
Date
Event
Price
10/21/21
Sold
$3,750,000
10/02/13
Sold
$2,525,000
12/12/06
Sold
$2,250,000
Condition Rating
Excellent
This property was built in 2023, making it virtually brand new. The images confirm a modern, clean aesthetic throughout, with all components appearing new or recently installed. The commercial-grade kitchen features stainless steel surfaces and a high-end Viking range, while the bathrooms are contemporary with tiled finishes and modern fixtures. All aspects, from flooring to amenities, reflect current quality standards with no signs of wear or deferred maintenance.
Pros & Cons
Pros
Premier Coastal Location: Situated in the heart of Santa Barbara's waterfront district, offering unparalleled access to State Street, the Funk Zone, and the beach, ensuring high guest demand.
Established Turn-Key Operation: A fully operating boutique hostel with consistent year-round occupancy and proven income performance, providing immediate cash flow for investors.
Favorable Zoning & Market Dynamics: Zoned for transient use in a supply-constrained and expanding Santa Barbara tourism market, supporting strong appreciation potential and diverse revenue streams.
Modern Construction & Amenities: Built in 2023 with modern accommodations and updated amenities, minimizing immediate capital expenditure and appealing to contemporary travelers.
Versatile Investment Potential: Offers flexibility for stable cash flow, brand growth, or future redevelopment, catering to various investor strategies.
Cons
High Acquisition Cost: The significant list price of $7.55 million represents a substantial investment, potentially limiting the pool of prospective buyers.
Tourism Market Sensitivity: As a hospitality asset, its financial performance is inherently linked to the fluctuating tourism market, making it vulnerable to economic shifts or unforeseen events.
Niche Business Model: Operating as a 'boutique hostel' caters to a specific traveler demographic, which might narrow its appeal to a broader range of hospitality investors compared to more conventional hotel properties.